Clodi Posted July 8, 2019 Report Share Posted July 8, 2019 Fossdyke for sale Link to comment Share on other sites More sharing options...
Alan de Enfield Posted July 8, 2019 Report Share Posted July 8, 2019 (edited) 19 minutes ago, Clodi said: Fossdyke for sale Well I never realised. If it goes for the 'guide-price' it is only giving a return of 4.7% Income fixed for 700 years. I would think that investors would be aware of better opportunities Edited July 8, 2019 by Alan de Enfield Link to comment Share on other sites More sharing options...
beerbeerbeerbeerbeer Posted July 8, 2019 Report Share Posted July 8, 2019 Surely CRT will buy it? Link to comment Share on other sites More sharing options...
Neil2 Posted July 8, 2019 Report Share Posted July 8, 2019 I never knew it was privately owned either - are there any other examples of canals/waterways that are leased by CRT ? Link to comment Share on other sites More sharing options...
BilgePump Posted July 8, 2019 Report Share Posted July 8, 2019 4.75% pa return on capital, no maintenance cost, own your own freakin' 11 miles of canal for the cost of a luxury widebeam. What's the catch? Link to comment Share on other sites More sharing options...
Alan de Enfield Posted July 8, 2019 Report Share Posted July 8, 2019 (edited) 3 minutes ago, BilgePump said: ..............own your own freakin' 11 miles of canal But you cannot do anything with it. 4.75% ROCE is pretty poor on an investment of that size - no chance it will increase either - what will be £200,000 be worth in 700 years (Nowt !!!) so you will need to right off the Capital. It may be better than you get from your personal bank account but 7-10% is available for large investments. Edited July 8, 2019 by Alan de Enfield Link to comment Share on other sites More sharing options...
BilgePump Posted July 8, 2019 Report Share Posted July 8, 2019 19 minutes ago, Alan de Enfield said: But you cannot do anything with it. 4.75% ROCE is pretty poor on an investment of that size - no chance it will increase either - what will be £200,000 be worth in 700 years (Nowt !!!) so you will need to right off the Capital. It may be better than you get from your personal bank account but 7-10% is available for large investments. Write the cpaital off. You play big money Alan. This would be about the sheer joy of going "Ha, this is MY bit of water" Link to comment Share on other sites More sharing options...
beerbeerbeerbeerbeer Posted July 8, 2019 Report Share Posted July 8, 2019 It’s up for auction so who knows what could happen. A guitar sold for 17(?) million the other week. For many, £200,000 is spare change these days. Link to comment Share on other sites More sharing options...
BilgePump Posted July 8, 2019 Report Share Posted July 8, 2019 Billionaires could buy cheap islands, mountains and canals by the shedload but they don't. Superyachts and jets look proper bling and are tax deductible company transport, right? Link to comment Share on other sites More sharing options...
nbfiresprite Posted July 8, 2019 Report Share Posted July 8, 2019 naughty On the Beeb site Britain's oldest canal in Lincolnshire is up for sale Quote The Fossdyke Navigation in Lincoln is believed to have been built by the Romans in AD120. It links the city centre with the River Trent and runs 11 miles (18 km) from Brayford Pool to Torksey. The waterway is on a 721-year lease to the Canal and River Trust which pays £9,500 a year in rent and carries out all the maintenance and repairs. Property developer Mike Testler, who has owned the canal for 15 years, said he would be sad to see it go. Mr Testler said he was disposing of the canal to reinvest some of the money in "animal welfare". He said the sale had generated a great deal of interest. "There must be many people who want to say, 'Do you know I own the oldest canal in Britain?'," he said. "You'd be amazed how many people are interested in that type of situation and we've had a very, very, very strong level of bidding for this one." The auction takes place on 11 July. Maybe 'Naughty Cal' should put in a bid then she be able to set her own speed limit. 1 Link to comment Share on other sites More sharing options...
Tumshie Posted July 8, 2019 Report Share Posted July 8, 2019 Link to comment Share on other sites More sharing options...
WotEver Posted July 8, 2019 Report Share Posted July 8, 2019 So if you bought it and put your own unlicensed boat on it and never moved, could CaRT S8 it? Link to comment Share on other sites More sharing options...
Tacet Posted July 8, 2019 Report Share Posted July 8, 2019 The sale only relates to a long headlease. Come July 2740 and you'll have nothing, which may not be a great concern, just the same. Lincoln City Council is the superior landlord. Link to comment Share on other sites More sharing options...
BilgePump Posted July 8, 2019 Report Share Posted July 8, 2019 6 minutes ago, WotEver said: So if you bought it and put your own unlicensed boat on it and never moved, could CaRT S8 it? What about the oft cited 1metre offside? That's about 11,000m2, not too shabby a strip, but as everyone has pointed out, there's bu99er all you can do with it. CaRT call the shots for many of your generations. Still, with a lottery win, owning a canal must be a bucketlister. Link to comment Share on other sites More sharing options...
TheBiscuits Posted July 8, 2019 Report Share Posted July 8, 2019 1 hour ago, Alan de Enfield said: But you cannot do anything with it. 4.75% ROCE is pretty poor on an investment of that size - no chance it will increase either - what will be £200,000 be worth in 700 years (Nowt !!!) so you will need to right off the Capital. It may be better than you get from your personal bank account but 7-10% is available for large investments. Quite agree. £9,500 pa income means it should have a guide price of £95,000 as a long term lease commercial property. Link to comment Share on other sites More sharing options...
zenataomm Posted July 8, 2019 Report Share Posted July 8, 2019 (edited) 3 hours ago, Goliath said: Surely CRT will buy it? Spend £200K of their capital in order to save £9.5K expenditure per annum? I'd be very surprised. 1 hour ago, WotEver said: So if you bought it and put your own unlicensed boat on it and never moved, could CaRT S8 it? Of course they could, being the landlord doesn't excuse you from not paying your dues. The current owner Mike Testler has owned it for 15 years and says he'll be sorry to see it go, so having bought it t'would appear you can't keep it where it is, but will have to move it! It would be nice if they move it by boat. Just a thought but how many members have we on this forum? Edited July 8, 2019 by zenataomm Link to comment Share on other sites More sharing options...
Mac of Cygnet Posted July 8, 2019 Report Share Posted July 8, 2019 23 minutes ago, zenataomm said: Just a thought but how many members have we on this forum? Count me in. Link to comment Share on other sites More sharing options...
Capt Ahab Posted July 8, 2019 Report Share Posted July 8, 2019 3 hours ago, Alan de Enfield said: But you cannot do anything with it. 4.75% ROCE is pretty poor on an investment of that size - no chance it will increase either - what will be £200,000 be worth in 700 years (Nowt !!!) so you will need to right off the Capital. It may be better than you get from your personal bank account but 7-10% is available for large investments. But the value could and almost certainly will go down. If interest rates rise (they cant get much lower) the capital value will have to decrease to maintain the same rate of return. Of course, the income will be reliable. Link to comment Share on other sites More sharing options...
Dr Bob Posted July 8, 2019 Report Share Posted July 8, 2019 1 hour ago, Mac of Cygnet said: Count me in. Me as well. ...and Mrs Bob. .......and the duck. Link to comment Share on other sites More sharing options...
Sea Dog Posted July 9, 2019 Report Share Posted July 9, 2019 10 hours ago, BilgePump said: Billionaires could buy cheap islands, mountains and canals by the shedload but they don't. Superyachts and jets look proper bling and are tax deductible company transport, right? I rather suspect they (collectively) do all of the above but we only notice the latter. Link to comment Share on other sites More sharing options...
Machpoint005 Posted July 9, 2019 Report Share Posted July 9, 2019 "Evidence for the Romans building the waterway includes a statue of the god Mars which was recovered from the water near Torksey in 1774 and is now on display in the British Museum." Perhaps it's just me, but if the Romans were going to chuck a statue of a god into the canal, wouldn't it have been Neptune? The fact that it was chucked in by somebody at some date before 1774 is somewhat inconclusive, methinks. Link to comment Share on other sites More sharing options...
Harpur Hill Posted July 9, 2019 Report Share Posted July 9, 2019 17 hours ago, Alan de Enfield said: But you cannot do anything with it. 4.75% ROCE is pretty poor on an investment of that size - no chance it will increase either - what will be £200,000 be worth in 700 years (Nowt !!!) so you will need to right off the Capital. It may be better than you get from your personal bank account but 7-10% is available for large investments. Where is this 7 - 10% available, please. Link to comment Share on other sites More sharing options...
Alan de Enfield Posted July 9, 2019 Report Share Posted July 9, 2019 (edited) 5 minutes ago, Harpur Hill said: Where is this 7 - 10% available, please. Peer-to-peer lending can be up to 1% (gross) per month. Just one example - Try here : https://www.thehousecrowd.com/ppc/peer-to-peer-lending?gclid=Cj0KCQjw9pDpBRCkARIsAOzRziu5C442E3amyYNFTfMToFKBlf7huFfP8xXg_B4rM31c9Fq7P1O3N5gaApaiEALw_wcB#utm_source=google&utm_medium=cpc&utm_campaign=investing&utm_term=Peer-To_Peer_Lending_&utm_content=Earn_7 How it works : https://www.moneyadviceservice.org.uk/en/articles/peer-to-peer-lending--what-you-need-to-know Alternatively 'normal' current bank accounts in Asia are (a minimum) of 7% and for larger investments 10% is readily available. As these are mostly US$ accounts we have probably gained as much on the steady decline of the GBP against the $ as on the Interest. Edited July 9, 2019 by Alan de Enfield Link to comment Share on other sites More sharing options...
Harpur Hill Posted July 9, 2019 Report Share Posted July 9, 2019 10 minutes ago, Alan de Enfield said: Peer-to-peer lending can be up to 1% (gross) per month. Just one example - Try here : https://www.thehousecrowd.com/ppc/peer-to-peer-lending?gclid=Cj0KCQjw9pDpBRCkARIsAOzRziu5C442E3amyYNFTfMToFKBlf7huFfP8xXg_B4rM31c9Fq7P1O3N5gaApaiEALw_wcB#utm_source=google&utm_medium=cpc&utm_campaign=investing&utm_term=Peer-To_Peer_Lending_&utm_content=Earn_7 Current bank accounts in Asia are (a minimum) of 7% and for larger investments 10% is readily available. Thank you for that information. Link to comment Share on other sites More sharing options...
Machpoint005 Posted July 9, 2019 Report Share Posted July 9, 2019 1 hour ago, Alan de Enfield said: >>we have probably gained as much on the steady decline of the GBP against the $ as on the Interest.<< How very patriotic of you, as a Brexiteer! Link to comment Share on other sites More sharing options...
Featured Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now