4 ms·
As noted, the 7000 was a transaction fee on the land transfer. We have an independent valuation on file at >1M. Please show some common sense here. You can’t
by leashless 4y ago
As noted, the 7000 was a transaction fee on the land transfer.
We have an independent valuation on file at >1M.
Please show some common sense here. You can’t just purchase chunks of English coastline for 7000. If you could, half of the middle class people in London would own their own stretch of beach!
I’m shocked at how badly people want to twist the facts to suit their own prejudices.
Stop mucking around.
- quickthrowman 4y ago> You can’t just purchase chunks of English coastline for 7000 pounds Land that you can’t build on or realize economic value from rents isn’t worth much, in the UK or anywhere else for that matter, even if it’s oceanfront land.
- sizzle 4y agoBut can I camp on it and make bonfires and light fireworks and sleep in a temporary yurt while blasting music with friends?
- phphphphp 4y agoThe reason you cannot "just" purchase "chunks" of the English coastline is because most of our coastline belongs to either local authorities or the crown estate. There is no sane business case for owning an acre of beach because a local authority will never grant planning permission to build anything worthwhile on it, so you would "own" a chunk of beach for no reason other than to inherit the burden of managing a piece of land (and who knows what that entails when councils often have very expensive shoreline protection projects to fund!). There is no financial sense in local authorities carving up beaches into chunks and selling them to Londoners for a few grand, it's a patently absurd suggestion. The reason this is a rare opportunity is the same reason it sold for so little: it's pointless, for both buyer and seller. It's not much different from owning a piece of the moon, or a square of land in Scotland so you can pretend to be a "Lord".