New Posts New Posts RSS Feed: Weir Wood reservoir lease for sale
  FAQ FAQ  Forum Search   Register Register  Login Login

Weir Wood reservoir lease for sale
 Post Reply Post Reply Page  <12
Author
  Share Topic Share Topic  Topic Search Topic Search  Topic Options Topic Options
423zero View Drop Down
Really should get out more
Really should get out more


Joined: 08 Jan 15
Location: United Kingdom
Online Status: Offline
Posts: 3420 		Post Options Post Options   Quote 423zero Quote  Post ReplyReply Direct Link To This Post Topic: Weir Wood reservoir lease for sale
    Posted: 28 Jul 20 at 10:15am
£900,000 sounds doable.
Robert
Back to Top
Noah View Drop Down
Really should get out more
Really should get out more


Joined: 29 Dec 04
Location: United Kingdom
Online Status: Offline
Posts: 611 		Post Options Post Options   Quote Noah Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jul 20 at 11:02am
Originally posted by Chris_H

You are either a sailing club, or an estate management business. Being both would be a massive headache.

There are several sailing clubs around the country - both coastal and inland - who own their own freehold. That doesn't make them estate management businesses. 
Also, the club could sell off that which they don't want or need and keep that which they do. 
Bewl apparently declined an offer to buy the freehold (or declined to pursue the opportunity) and have (not) lived to tell the tale.
Nick
D-Zero 316

Back to Top
JimC View Drop Down
Really should get out more
Really should get out more
Avatar

Joined: 17 May 04
Location: United Kingdom
Online Status: Offline
Posts: 6661 		Post Options Post Options   Quote JimC Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jul 20 at 11:07am
Its not freehold that's on offer - I doubt the water company would be interested in selling! (Nor, for that matter, would many sailing clubs be interested in owning a dam) Its just a lease with 80 something years to run.
Back to Top
davidyacht View Drop Down
Really should get out more
Really should get out more


Joined: 29 Mar 05
Online Status: Offline
Posts: 1345 		Post Options Post Options   Quote davidyacht Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jul 20 at 11:26am
Originally posted by A2Z

Must be at least 500 members at Weir.  £2000 each, in prime banker bonus country, to own your own facility seems a stonking good deal.  Give a discount on lifelong membership for anyonewho chips in.

And they could build their own lodges to finance it 
Happily living in the past
Back to Top
Chris_H View Drop Down
Far too distracted from work
Far too distracted from work
Avatar

Joined: 13 May 20
Online Status: Offline
Posts: 237 		Post Options Post Options   Quote Chris_H Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jul 20 at 11:29am
Originally posted by Noah

Originally posted by Chris_H

You are either a sailing club, or an estate management business. Being both would be a massive headache.

There are several sailing clubs around the country - both coastal and inland - who own their own freehold. That doesn't make them estate management businesses. 
Also, the club could sell off that which they don't want or need and keep that which they do. 
Bewl apparently declined an offer to buy the freehold (or declined to pursue the opportunity) and have (not) lived to tell the tale.

Owning your own freehold is not the same as this scenario  ;-)
Back to Top
Pierre View Drop Down
Really should get out more
Really should get out more
Avatar

Joined: 15 Mar 04
Location: United Kingdom
Online Status: Offline
Posts: 1532 		Post Options Post Options   Quote Pierre Quote  Post ReplyReply Direct Link To This Post Posted: 30 Jul 20 at 6:28pm
The sailing club has a lease until 2065, which will probably see me out.
Also, it is an SSSI, and carefully watched over by various organisations.
Quite a few covenants and bylaws attached too.
We shall see what occurs ;-)
Back to Top
Sam.Spoons View Drop Down
Really should get out more
Really should get out more


Joined: 07 Mar 12
Location: Manchester UK
Online Status: Offline
Posts: 3400 		Post Options Post Options   Quote Sam.Spoons Quote  Post ReplyReply Direct Link To This Post Posted: 30 Jul 20 at 9:28pm
The point is that the new leaseholders will want to make money out of their lease otherwise what is the point? I doubt your rent is fixed until 2065 so it's gonna cost you money.....
Spice 346 "Flat Broke"
Blaze 671 "supersonic soap dish"
Back to Top
iGRF View Drop Down
Really should get out more
Really should get out more
Avatar

Joined: 07 Mar 11
Location: Hythe
Online Status: Offline
Posts: 6499 		Post Options Post Options   Quote iGRF Quote  Post ReplyReply Direct Link To This Post Posted: 30 Jul 20 at 9:29pm
Didn't something like this happen over at Chipstead, they bought it and caught a cold trying to get planning for Park Homes?
Snow Equipment Deals    New Core Kite website
Back to Top
Pierre View Drop Down
Really should get out more
Really should get out more
Avatar

Joined: 15 Mar 04
Location: United Kingdom
Online Status: Offline
Posts: 1532 		Post Options Post Options   Quote Pierre Quote  Post ReplyReply Direct Link To This Post Posted: 31 Jul 20 at 9:34am
Originally posted by Sam.Spoons

The point is that the new leaseholders will want to make money out of their lease otherwise what is the point? I doubt your rent is fixed until 2065 so it's gonna cost you money.....

Yes of course they will but it's all negotiable. Current return on investment looks like 8% with no effort at all.
Be interesting to see someone try and build anything around it. North side is Standen, owned by the National Trust. The rest is Southern Water and an SSSI.  Not to mention the residents of Forest Row and East Grinstead who are not backwards in coming forwards.
It is a good leisure / water sports facility though and this side could be made better.
Back to Top
423zero View Drop Down
Really should get out more
Really should get out more


Joined: 08 Jan 15
Location: United Kingdom
Online Status: Offline
Posts: 3420 		Post Options Post Options   Quote 423zero Quote  Post ReplyReply Direct Link To This Post Posted: 31 Jul 20 at 10:53am
Reading about the reservoir and surrounding area, difficult to see how a developer could do much damage, Friends of Weir Wood provide labour and financial support to Southern water, looks like a fighting crowd.
Robert
Back to Top
 Post Reply Post Reply Page  <12

Forum Jump Forum Permissions View Drop Down

Bulletin Board Software by Web Wiz Forums® version 9.665y
Copyright ©2001-2010 Web Wiz
Change your personal settings, or read our privacy policy