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£152,005 p.a. - for just £1

Covering Market, Trends, and Practical (but see LEMON-AID for Building & DIY)
brightncheerful
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Re: £152,005 p.a. - for just £1

#206134

Postby brightncheerful » March 7th, 2019, 9:18 am

Another for your collection:

Disclosed reserve £1

Later this month, Allsop is auctioning a riverside pub in Isleworth, Middlesex (London) that is let on lease for 999 years from 1987. The rent is 1 x nine gallon barrel of beer per annum; (a firkin*).

Seller is a major UK fund manager. I wonder if its compliance officer has decided an investment no longer appropriate?


*Firkin
Middle English ferdekyn, probably from the Middle Dutch diminutive of vierde ‘fourth’ (a firkin originally contained a quarter of a barrel).
In 1803 ale firkin was again redefined to be 9 ale or beer gallons (41.59 litre), equivalent to the beer firkin. From the mid 15th century until 1824 the beer firkin was defined as 9 ale or beer gallons. The beer or ale firkin was redefined to be 9 imperial gallons in 1824.

theta
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Re: £152,005 p.a. - for just £1

#217275

Postby theta » April 25th, 2019, 3:32 pm

brightncheerful wrote:Another for your collection:

Disclosed reserve £1

Later this month, Allsop is auctioning a riverside pub in Isleworth, Middlesex (London) that is let on lease for 999 years from 1987. The rent is 1 x nine gallon barrel of beer per annum; (a firkin*).

Seller is a major UK fund manager. I wonder if its compliance officer has decided an investment no longer appropriate?


*Firkin
Middle English ferdekyn, probably from the Middle Dutch diminutive of vierde ‘fourth’ (a firkin originally contained a quarter of a barrel).
In 1803 ale firkin was again redefined to be 9 ale or beer gallons (41.59 litre), equivalent to the beer firkin. From the mid 15th century until 1824 the beer firkin was defined as 9 ale or beer gallons. The beer or ale firkin was redefined to be 9 imperial gallons in 1824.

Perfect inflation hedge - Your beer covered for life :)

brightncheerful
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Joined: November 4th, 2016, 4:00 pm
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Re: £152,005 p.a. - for just £1

#217408

Postby brightncheerful » April 26th, 2019, 9:01 am

Perfect inflation hedge - Your beer covered for life


Fetched £40,000 excluding purchase costs.

At £3.60 (average) a pint - https://www.bbc.co.uk/news/uk-england-41183028 - one would need 11,111 pints minimum before a 'stand you in for nothing' return on capital.

UncleIan
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Re: £152,005 p.a. - for just £1

#217427

Postby UncleIan » April 26th, 2019, 10:24 am

brightncheerful wrote:
Perfect inflation hedge - Your beer covered for life


Fetched £40,000 excluding purchase costs.

At £3.60 (average) a pint - https://www.bbc.co.uk/news/uk-england-41183028 - one would need 11,111 pints minimum before a 'stand you in for nothing' return on capital.


£3.60 a pint? In Isleworth? Won't get much change from a fiver more like!

PinkDalek
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Re: £152,005 p.a. - for just £1

#217434

Postby PinkDalek » April 26th, 2019, 10:41 am

UncleIan wrote:£3.60 a pint? In Isleworth? Won't get much change from a fiver more like!


This being Property Investment Discussions, it's mainly about Location, location, location. :)

Charlottesquare
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Re: £152,005 p.a. - for just £1

#217791

Postby Charlottesquare » April 27th, 2019, 8:48 pm

theta wrote:
brightncheerful wrote:Another for your collection:

Disclosed reserve £1

Later this month, Allsop is auctioning a riverside pub in Isleworth, Middlesex (London) that is let on lease for 999 years from 1987. The rent is 1 x nine gallon barrel of beer per annum; (a firkin*).

Seller is a major UK fund manager. I wonder if its compliance officer has decided an investment no longer appropriate?


*Firkin
Middle English ferdekyn, probably from the Middle Dutch diminutive of vierde ‘fourth’ (a firkin originally contained a quarter of a barrel).
In 1803 ale firkin was again redefined to be 9 ale or beer gallons (41.59 litre), equivalent to the beer firkin. From the mid 15th century until 1824 the beer firkin was defined as 9 ale or beer gallons. The beer or ale firkin was redefined to be 9 imperial gallons in 1824.

Perfect inflation hedge - Your beer covered for life :)


Perfect asset to leave to your heirs, they can literally p*** away their inheritance.



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