Quite a bargain - or perhaps not ...
http://www.auction.co.uk/commercial/Lot ... 1106000072
I suppose if you were jolly cunning you could set up an off the shelf company, buy the property for the £1 (plus the pesky £5k solicitor's costs) and then just collect the rent whilst the inevitable litigation was launched against you.
It should be easy enough to spin that out for at least a year or so, and then when you can't fend them off any longer you just declare a mighty dividend, reluctantly announce that the company lacks the resources to continue the litigation and abandon the company to the jaws of its creditors - and open the champagne!
![Wink ;)](./images/smilies/icon_e_wink.gif)