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Post by kevmul on Oct 17, 2016 12:04:34 GMT 1
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Post by Deleted on Oct 17, 2016 17:41:43 GMT 1
The cynic in me tends to think that with the pound on the floor, the owners have decided that a foreign organisation will pick it up for a bargain. Another piece of British heritage about to be sold off for a bargain price. No wonder Britain is known in the rest of the world as 'Paradise Island'. It's certainly nothing to do with the weather!
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Post by andyh on Oct 18, 2016 9:57:14 GMT 1
Whilst not knowing for certain, I suspect the sale is more to do with the current owners not wanting too much capital tied up in a single investment. They are after all still a mutual society and as such have to make sure that the investment portfolio they hold for their members is balanced in terms of spread and risks. It may also be that as a Grade 1 listed building the maintenance costs are enormous and may impact on their cashflow. As for selling it off at a 'bargain price', I doubt very much that it will sell for less than current market value! As much as the property market may be getting stronger in Liverpool, in terms of values it still has a long way to go to catch up with Manchester, let alone London.
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Post by Deleted on Oct 18, 2016 14:20:02 GMT 1
Whilst not knowing for certain, I suspect the sale is more to do with the current owners not wanting too much capital tied up in a single investment. They are after all still a mutual society and as such have to make sure that the investment portfolio they hold for their members is balanced in terms of spread and risks. It may also be that as a Grade 1 listed building the maintenance costs are enormous and may impact on their cashflow. As for selling it off at a 'bargain price', I doubt very much that it will sell for less than current market value! As much as the property market may be getting stronger in Liverpool, in terms of values it still has a long way to go to catch up with Manchester, let alone London. Fair comment Andy, but I was referring to the fact that with the pound on the floor, there are many foreign companies who would snap that up at what for them, currently, is a bargain price. London property prices are ridiculous, driven by demand of course, precisely because people from the rest of the world want to buy property there, principally because there are no restrictions to foreigners buying property in the UK. Try buying a house in China, Russia or India and see how far you get! |
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