200p Posted March 27, 2017 Share Posted March 27, 2017 (edited) They are closing the Natwest bank down there too. I wonder if the Surf Reef is working out? Most have a tenant in situ - yields circa 5% http://www.rightmove.co.uk/property-for-sale/property-64854590.html http://www.rightmove.co.uk/property-for-sale/property-39220992.html http://www.rightmove.co.uk/property-for-sale/property-39221829.html http://www.rightmove.co.uk/property-for-sale/property-39217242.html http://www.rightmove.co.uk/property-for-sale/property-39219978.html http://www.rightmove.co.uk/property-for-sale/property-63699530.html http://www.rightmove.co.uk/property-for-sale/property-39218802.html http://www.rightmove.co.uk/property-for-sale/property-39221835.html Edited March 27, 2017 by 200p Quote Link to comment Share on other sites More sharing options...
200p Posted March 27, 2017 Author Share Posted March 27, 2017 As a side note, perhaps we need to pay the banks to keep branches open. It is an important confidence trick - if you see a bank closing which has been there for many years, suddenly shut, there will be a ripple effect. Quote Link to comment Share on other sites More sharing options...
Funn3r Posted March 27, 2017 Share Posted March 27, 2017 35 minutes ago, 200p said: As a side note, perhaps we need to pay the banks to keep branches open. It is an important confidence trick - if you see a bank closing which has been there for many years, suddenly shut, there will be a ripple effect. I'm not sure who "we" are in this context but if it includes me I would like to opt out! Don't want to pay banks for anything and certainly not for just existing. Quote Link to comment Share on other sites More sharing options...
juvenal Posted March 27, 2017 Share Posted March 27, 2017 41 minutes ago, 200p said: They are closing the Natwest bank down there too. I wonder if the Surf Reef is working out? Most have a tenant in situ - yields circa 5% /property-39221835.html I'm local and am reliably informed the Surf Reef was last seen as a pile of rotten sacking and sand discreetly tucked away in a yard. It was a 3 million pound disaster, predicted at concept stage by all the local surfers. Nobody, as you would expect, carried the can for the ****-up. The company who installed it can't be found, surprisingly. Quote Link to comment Share on other sites More sharing options...
Horridbloke Posted March 27, 2017 Share Posted March 27, 2017 I'm impressed they managed to get some tramp-free photos of the exterior. Boscombe's quite, err, interesting. I've narrowly escaped two fights in that vicinity. The google street view dated May 2016 shows a hefty brace of EA signs outside that building. The recent transfer history of those flats could be interesting. Quote Link to comment Share on other sites More sharing options...
ebull Posted March 27, 2017 Share Posted March 27, 2017 1 hour ago, 200p said: They are closing the Natwest bank down there too. I wonder if the Surf Reef is working out? Most have a tenant in situ - yields circa 5% http://www.rightmove.co.uk/property-for-sale/property-64854590.html http://www.rightmove.co.uk/property-for-sale/property-39220992.html http://www.rightmove.co.uk/property-for-sale/property-39221829.html http://www.rightmove.co.uk/property-for-sale/property-39217242.html http://www.rightmove.co.uk/property-for-sale/property-39219978.html http://www.rightmove.co.uk/property-for-sale/property-63699530.html http://www.rightmove.co.uk/property-for-sale/property-39218802.html http://www.rightmove.co.uk/property-for-sale/property-39221835.html Haha the first few are owned by an EA. What's curious is that the yields vary even in the same building 6% to 8.8% is almost a 50% difference. This means the EA owner is not pricing on yield but on a comparable property basis which makes more sense for OO than for a LL On the good side EA owner shows service charge, ground rent, lease length. This is rare. So he would do that for his own gaff but not for anyone elses? Quote Link to comment Share on other sites More sharing options...
Bear Hug Posted March 27, 2017 Share Posted March 27, 2017 5 hours ago, ebull said: Haha the first few are owned by an EA. What's curious is that the yields vary even in the same building 6% to 8.8% is almost a 50% difference. This means the EA owner is not pricing on yield but on a comparable property basis which makes more sense for OO than for a LL On the good side EA owner shows service charge, ground rent, lease length. This is rare. So he would do that for his own gaff but not for anyone elses? How can the studio have £1500 pa maintenance cost. Do they demolish and rebuild the whole place from scratch every few years?! Quote Link to comment Share on other sites More sharing options...
200p Posted March 27, 2017 Author Share Posted March 27, 2017 Maintenance Cost: £125 Per Month Lol good spot. That's probably more than the council tax. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.