Wednesday, July 13, 2011

Price drop of over 90% in 1 year

From £1.25m to £95,000: the island that's a drop in the ocean

The small and windswept Sully Island, 450m off the northern coast of the Bristol Channel, was advertised for £1.25m just last year. Nor did it sell at auction, where its guide price was £150,000 – suggesting it might not be the most watertight of investments as it failed to find a buyer.

Posted by europeanbear @ 08:41 AM (1095 views)
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