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Basildon Bond

Beaches: The Next Property Bubble.....?

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Less useful that a c0ck flavoured lollipop, Gwithian beach in St Ives Cornwall could be yours for just 50K...

http://www.guardian.co.uk/money/2009/jun/1...-beach-for-sale

The guide price for the land is £50,000 but Richard Argles from Colliers CRE said it was impossible to say how much it might fetch. "Who can value a beach? You won't be able to put a development on it, but there are 71 acres of sands and five acres of dunes." Argles said. "I've had a telephone bid already and the catalogue is not even out. We are expecting a lot of activity."

Planning rules mean the new owner will not be able to build on the land, and the excavation of minerals from the sand is also banned. Argles said he thought the buyer might be an investor. "People do buy land because they are not making any more of it," he said. "People investing in equities and bonds just have certificates – I think someone would buy it because they want something they can look at it and say 'I own that'."

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