OCTOBER BOOKS, Southampton’s only independent bookstore is hoping to move to a new location and is looking for help from the public to fund the move.
The store, which has run as a cooperative since 1977, is looking to move to a new building due to struggling to pay rent, which is set to increase to £30,000 in May 2018.
They want to offer a chance for the public to become a part of their cooperative by buying shares and taking part in their AGM.
They will need a total of £230,000 to complete the move.
The building they have in sight to buy is the Natwest Bank in Portswood, just down the street from their current location.
The store is looking to collaborate with individual community members and other local organisations such as the Society of St James, a Hampshire-based homelessness charity.
The plan is still in early stages but would have October Books using the retail space for their business and SSJ using the apartments above the store for accommodation for some of their clients.
This isn’t the first time October Books has struggled with paying rent. Last year, the store was able to pay its rent and continue selling books with help from the public by raising £3,350 in March through a crowd funding campaign.
On February 8, an open evening will be held at October Books’ current location for anyone who might be interested in getting involved to attend.
We will be speaking to a representative from October Books next week for an update.
Have you noticed any changes in Southampton high street? We had a look at some of the recent changes and other businesses that have been struggling: