Reply to: Plan - [Insert letter of your choice here]

[courtg9000]

Hi courtg.

Thanks for links to website which I checked and also the newsletter. Can I ask why vendors would be going through private treaty sales via yourself rather than putting the property into auction with one of the established auction houses both commercial or residential. Many receivers and bank repos go there because they want out quickly and on certain terms.

I admit that I know nothing about business sales but some of the listings you had in your newsletter were vacancy residential and commercial premises which is exactly what the auction houses dispose of

This is all specialist stuff and not as simple as you think.

Vacancy residential and commercial? No a bit more specialist than that. Auctions can only move some stuff and not get great values. they will get cash, not great values. There is a difference. If it was just "vacancy residential or vacancy commercial" the high street estate agents would have moved it before me or another player in the market.

You are not selling Microwave Ovens, Sony Playstations, Ford Mondeo's, IT contracts or 3 bed semi's in Stevenage. You have to know your market well and how to sell to them. Ask a Foxtons negotiator to sell a complete block of say 70 flats for example to one single purchaser or a Savils auctioneer to move an Indian restaurant as a going concern as another example.

Banks will use auctions and one particular one will use a particular agency if they can to get a better price on single residentials where they can. RBS apparently use an outfit they own called West Register to dispose of property, businesses and assets they saddled with. Brokers will be used on more specialist stuff by most banks on specialist repos (non residential) as standard agents cannot handle it. They don't usually get great values but they want cash.

Brokers and specialist advertisers yield better values.

Most of my enquiries go through what is known as Tradehouse Sentinel. There is a ref for each listing. In the Magazine it is in green after each listing. If you enquire about a particular opportunity or opportunities I or my assistant will do a quick check to avoid tyre kickers, gossips, nutters, dreamers and kranks (anyone selling a business will get a lot of these) and then we can introduce the other party or parties. The deal is then down to you and the others, I am sometimes called in to help negotiations along.

I don't just do property in the magazine there is all sorts there. Many don't want to go the auction route because of the fees involved. One thing I do well is keeping the deal undercover for as long as possible unless the vendor wants it out in the open. This is a big thing for retail and hospitality especially. If you are selling in this sector tell as few people as possible, it is bad for business if it gets out that you are selling. Again know the market and how it works.

Being mainly the advertiser and gatekeeper also gives flexibility in the deals that can be put together.

[NowPermOutsideUK]

Original deal gone bang.
Key partner wants out and on gone.
Just needs to cover costs.
Nothing for new owner to be worried about.
The property is clean in that sense.

Hi courtg.

Thanks for links to website which I checked and also the newsletter. Can I ask why vendors would be going through private treaty sales via yourself rather than putting the property into auction with one of the established auction houses both commercial or residential. Many receivers and bank repos go there because they want out quickly and on certain terms

I admit that I know nothing about business sales but some of the listings you had in your newsletter were vacancy residential and commercial premises which is exactly what the auction houses dispose of

[courtg9000]

something is fishy here. For that price you will struggle to buy a 3 BR house in the south ,never mind 31 bed hotel.

Original deal gone bang.
Key partner wants out and on gone.
Just needs to cover costs.
Nothing for new owner to be worried about.
The property is clean in that sense.

[vetran]

“If it flies, floats, features a fluffy tail or fornicates, always rent it. It's cheaper in the long run"...

FTFY

[jamesbrown]

something is fishy here. For that price you will struggle to buy a 3 BR house in the south ,never mind 31 bed hotel.

There are still cheap areas, relatively speaking. Parts of the Isle of Wight, for example (because it's about as desirable as Swindon).

[Andy2]

There are plenty of opportunities.
I have a 31 bed hotel on the south coast for peanuts if you can be very quick. Best and final offer by noon on Monday Guiding at £275,000. Cash buyers only must complete within 21 days of Monday and indemnify.
.

something is fishy here. For that price you will struggle to buy a 3 BR house in the south ,never mind 31 bed hotel.

[AtW]

“If it flies, floats or fornicates, always rent it. It's cheaper in the long run"...

[courtg9000]

Aircraft?


Was thinking about flying lessons.. any pilots amongst us?


For those interested in land / property, why not just buy British Land company shares? They seem quite oversold at this time.

2 x Embraer Jets
1 x Airbus A320-200

System Report

Sector Count Total Average Min MaxOfAsking
Aircraft 3 £45,000,000.00 £15,000,000.00 £10,000,000.00 £25,000,000.00

Im behind on adding listings to the system this week but I know a Gulfstream Jet needs to be added. 50 more pubs to go and other stuff.

[scooterscot]

Aircraft?


Was thinking about flying lessons.. any pilots amongst us?


For those interested in land / property, why not just buy British Land company shares? They seem quite oversold at this time.

[courtg9000]

Have you got any derelict Victorian style nuclear bunkers in the West Midlands area?

Asking for a friend

No but I have have property, hotels, retail businesses, industrial stuff, restaurants, pubs and 2 aircraft!
95 opportunities in the Midlands at the moment.

[AtW]

Have you got any derelict Victorian style nuclear bunkers in the West Midlands area?

Asking for a friend

[courtg9000]

Richard had an offer of £380k that was moving forward a few months ago but fell through due to cold-feet when the buyer discovered some legal issues with Richard's partner. These issues wouldn't have affected the new buyer but I guess he didn't know any better. What a bargain that would have been! Anyway that's another story and unfortunately one I can't be a part of. Nice to see that we share some circles.

Will certainly PM you in due course. Am wrapping up my contracting business and will have funds to invest, hopefully early 2021. I'm not in a great rush as I'm forecasting quite the turbulent year ahead, but I'm ready to discuss and network and work on ideas with people. My usual business is BTL/HMOs but I want to diversify into other areas, though I really have no set idea as to what - could be resi development, could be another business. Quite happy to put some £ into an idea and share the work/effort to grow a business.

I've lost a great deal of money in the past so will be somewhat defensive and sceptical - no disrespect meant, I will just need to be really careful of where I put my money now.

Heres a little sample of some stuff based on this post and your previous post to whet your appetite:

4059 Vacant Derelict Site Croydon 2 acre derelict site in Croydon location, currently as grass, derelict buildings and small concrete hard. Good residential potential. Price:£POA. London Property Listing £2,000,000.00


4062 Ecclesiastical Site Surrey Ecclesiastical site in nice North Surrey location. 9000 sqft church. 3 bedroom home. Parking for 40. 3000 sqft hall. 0.45 acre grounds mainly set to lawn with herbaceous borders. Offers over £2,800,000. Alternative use STPP. No permissions in place. Home Counties Property Listing


4055 South West London Development Site 0.45 acre site with good main road frontage in a smart and affluent South West London location for sale. Excellent mixed use potential STPP. London Property Listing £6,000,000.00


4057 Vacant Derelict Site South East London 0.7 acre derelict site in nice South East London location, currently as derelict 1 and story buildings and concrete hard. Good residential potential. Price:£POA. London Property Listing £5,000,000.00


1648 Berkshire Country Hotel For Sale 50 Bedroom freehold country house hotel for sale. 12 acres of grounds. Bar, Restaurant, Gym, good parking, scope to expand and develop. Price £POA. Home Counties Hotels Listing £5,000,000.00

9 HMO Portfolio Teeside An experienced HMO operator is offering a portfolio of HMO properties for sale.in the Teeside region. Yield 7.65 % Asking £1.85 million. Northern England Property Listing £1,850,000.00
181 Surrey Development Site Development Site for sale. Planning permission for 30 x 2 bed flats for sale.. All Property Listing £2,000,000.00

There is everything from aircraft through to Vending machines.

[ChimpMaster]

That's a bad sign, but agree. Reward for skilled labour is at an absolute low at the moment. Why work for something when you can print it? This dangerous debasement of currency is a sure way to provoke civil unrest in a society.

It's just the beginning of the end of modern empires.

Every empire eventually collapses.

We still have long enough to ride our lives through the western economies, but our children will need to be much more adaptive and accommodating.

[ChimpMaster]

yep.
I know an offer has already put in over 350K
I have few things might tempt.
Can you give idea of budget for me? Here or privately please.

Richard had an offer of £380k that was moving forward a few months ago but fell through due to cold-feet when the buyer discovered some legal issues with Richard's partner. These issues wouldn't have affected the new buyer but I guess he didn't know any better. What a bargain that would have been! Anyway that's another story and unfortunately one I can't be a part of. Nice to see that we share some circles.

Will certainly PM you in due course. Am wrapping up my contracting business and will have funds to invest, hopefully early 2021. I'm not in a great rush as I'm forecasting quite the turbulent year ahead, but I'm ready to discuss and network and work on ideas with people. My usual business is BTL/HMOs but I want to diversify into other areas, though I really have no set idea as to what - could be resi development, could be another business. Quite happy to put some £ into an idea and share the work/effort to grow a business.

I've lost a great deal of money in the past so will be somewhat defensive and sceptical - no disrespect meant, I will just need to be really careful of where I put my money now.

[scooterscot]

if gov keeps printing money and propping up the system, we get rampant inflation. Unless the money does not reach the lower floors of society -> than they would be f-ed anyway.

if they stop printing the financial sector will start clearing their books and panic will set in. '08 crisis almost wiped out the financial system, now we might be in a similar situation.
we had CDO's -> collateralised debt obligation now we have bespoke trench opportunity

we might see a nationalisation of economy, I think already the state has bought 1/3 of mortgages in some countries. but how would this create a fairer system for everyone? if you pamper and isolate the old a rich and drown in debt the young and poor?
I for one am loosing any will to do anything productive in this world. if being an immigrant and trying to make it and support the entitled ones was not hard enough, now having a society segregated based on wealth and less meritorious makes me question even more my role in this world.

and I guess plenty of people would feel very similar.

That's a bad sign, but agree. Reward for skilled labour is at an absolute low at the moment. Why work for something when you can print it? This dangerous debasement of currency is a sure way to provoke civil unrest in a society.