A Hucknall shopkeeper says he has been forced to shut since the Co-Op opened a store on Watnall Road last April.
Owner Chetam Patel says takings have fallen so drastically he has had no choice but to apply for permission to convert the building - which has operated as a local shop for over 100 years - into flats.
An application to change the use of the Best One shop, on the corner of Watnall Road and Moseley Street, and convert it into seven one-bedroom flats was submitted to Ashfield District Council this week.
Mr Patel, 39, who lives above the shop with his wife and family, said: “Since the Co-Op opened over the road all the business is gone. We used to do £15,000 to £16,000 a week - now we are taking in £300 a day.
“I bought it in 2008 for £650,000 and I can no longer pay the mortgage. All the business has been taken away. I used to employ three members of staff and now it is down to only one person.”
His wife Rashmi said they are no longer using the full amount of floor space and takings have fallen to 20 per cent of what they once were were. She said: “We don’t want to do this but it is no longer profitable.”
A picture of the shop when it was a Spar, taken in 1918, hangs inside the shop door.
In a design and access statement, Derby-based Redesign Architecture Ltd said the building ‘has been operating as a local shop since Victorian times’.
It said: “Trade at the shop has suffered greatly with the impact of a large national supermarket chain opening a store recently within the vicinity. Since thenthe building’s future as a shop has become unsustainable.”