| Beach hut security solution
found? [Added 22 January 2006) |
The
question of how much it costs to keep, buy or dispose of a hut at
Mudeford Sandbank ignores one great worry that lies at the back of the
mind of many owners, namely “is my little hut alright when I
am not there?”
Having
sold the family hut, and now reduced to hiring out another hut out of
season your editor has discovered he actually enjoys the beach and the
shelter of a hut best out of season. Close your eyes for a moment and
put yourself there, now, at a time when you would normally be doing
something else. It might make you shiver!
But
out of season when you are normally absent, there are other
dangers beside the cold: vandalism, theft, arson, storm and flood to
name just a few. Attending residents association meetings in the area
one realises many residents are hostage to the fear of crime, if not
crime itself, even if, in our case, it is in our absence.
Boy-racers,
motorbike riders, teenage drinkers and the general bravado of the wild
and free are only a short distance away. Never mind those with criminal
intent.
I am
nightly finding this area is quietly or otherwise being encroached by
an insidious anti-social trend that has ruined other neighbourhoods.
Only remoteness and luck have kept this and more serious trouble
largely at bay for the moment.

What
we need, to reduce or prevent this malaise that has visited the Head,
harbour and beach in the past, is a regular low-key and low-impact
dedicated security patrol.
Hut
owners will know that huts, even empty ones with nothing of value, can
become a target, especially at night and especially in the winter
months. I was contacted by the local police recently to see what I
knew, and was able to relate from my personal experience, my attendance
at many residents associations meetings over the years and my
extensive newspaper clipping files what problems had arisen and what
initiatives had been tried in the past. Crime needs to be prevented,
reduced and reported whenever possible or we can lose the better
picture we value so much more.
Whilst
huts are and remain a low priority for a trained police
force, I know that many small crimes go unreported because
owners quietly take it on their own shoulders when their huts are
damaged or threatened.
Security
has become something now that seems very important to me, so much so
that I have attended a few security-industry events and enrolled on a
security course to become qualified, if not as an expert, then as a
practitioner.
So
the next time you see me on the beach, you may see that far from having
nothing to do with hut owners problems any more, I am busy trying to
work out if the 350-odd hut owners might be persuaded to contribute a
few pounds to an out of season trained guard, thus subsidising and
rewarding regularity in my winter visits!
I am
busy drawing up (on the back of envelopes at present) specifications
for a suitable vehicle, a uniform, a schedule, suitable
training and certification, electronic gadgetry to cover the area and
methods to keep warm, comfortable and dry.

Already
I have had offers of beach huts to actually use as a base. It would
seem that there are some at least who would sleep safer in their beds
knowing someone is keeping an eye out for their little huts.
And
that someone, to obviate the “waste” of police or
council resources being spent for little obvious result, could be me.
It is all about securing value for money.
Watch
this space for further deliberations and ambitions to make Mudeford a
place where we are all on top of things and nothing avoidable should be
allowed to get us down. That is, if you have not been forced off the
beach first by a new tide of rising costs and other fees! That is all
about money for value. Or is that daylight robbery?
Please feel free to comment on this news item by clicking here
|
| Hengistbury
Head Visitor Centre Possible [Added 17
December 2005] |
Whilst the battle over beach hut transfer
fees of up to £26,000 (payable to the council) when a hut is
sold continues, a small piece of news has passed most of us by.
Readers of the Summer 2003 Hengistbury Head Times will have read in
John Cresswell's article of the recently frustrated ambition of the
council to build a new field studies and interpretation centre on the
headland. Avid supporters of the scheme have argued the plan failed
simply because the funding was clawed back. Opponents of the scheme
argued it was not appropriate in the setting. Insiders know that the
scheme became so bitterly opposed in the BH6 residential area it failed
to meet all of the funding criteria.
However, council ambitions, political will and the need for a centre of
some sort have spawned a compromise, to use and refurbish existing
buildings. The old Marine Training Centre at the riverside will
continue to provide water based training in the safe upper reaches of
Christchurch Harbour, (the classroom function will largely move to the
old barn) but will likely house the Noddy Train, just the mechanicals
of it, after hours at least. This will free up dramatically the
approach to the old barn.
The existing Hungry Hiker food stop at the
end of the Broadway will be enlarged to reflect its commercial success,
and the old barn at the entrance to the head will become, with daring
changes, an educational resource centre and visitor facility.
Bournemouth Council's landscape and technical manager, Mr David
Crudgington has been patiently explaining this new development and in
general has met with guarded approval, even from long opponents to
earlier schemes, mainly because it uses (and rescues) existing
buildings.
It is to be welcomed that there are so many would be
guardians of the Head even if the previous scheme was arguably
effectively defeated by them in the past.
The devil will be in the detail and this news source has suggested that
the security of the scheme could be enhanced by providing a 300 square
foot full-time residential pod quietly incorporated in the scheme (or
even a la David Horden, the famous architect of the micro compact home)
for this author who at present only has a rented beach day-hut nearby,
having sold off the family sleeping hut in 2004.
I might even be persuaded to staff the new centre, or at a pinch go
back (in my 50's) to driving again the Noddy Train after an absence of
a couple of decades working in a library. Hmmmm, yes, this author
definitely welcomes Mr Crudgington's scheme, in a selfless, independent
and unbiased way, for the sake of the Headland and future generations
of students and the public.
The long queue of others wanting to work
there will prove the attraction of this scheme.
Watch this space for
the latest news. |
| Christchurch
Council tread softly as hut prices plummet
Added : 14.11.2005 |
|
Usually Christchurch Council fix the fees
and charges for beach huts at Mudeford Sandbank for the following year
in November, sometimes facing a packed and angry public gallery as they
seek to charge whatever the market will bear.
This year, councillors already face a
projected council deficit of £400,000. Part of this is a
shortfall of £42,000 on the already conservatively
guesstimated hut transfer fees (because hut buyers have been few and
far between). The council is debt-free and frequently seen as highly
efficient in organising its finances.
Your editor's previous claim the average
number of sales of huts over the last 35 years has been about a dozen a
year is correct but in the last decade this has crept up to 20 or 30
annually as the market has hotted-up.
One previous beach hut association chairman
has termed this rise in hut sales has amounted to "ethnic cleansing" as
old family names have sold up in the face of rising revenue costs and
of course capital values. Whatever feelings are expressed over hut
ownership there has been a constant strain between the aristocratic
force and the democratic one in this matter, with the council as
referee and rule maker.
The reason for hutters concern over the cost
of hut ownership and its eventual sale is simple. They are being milked
for all they are worth!
Councillors argue their electorate who vote
them into power have no choice over paying council tax so it must be
kept down, but where people have choice, such as in car parking,
leisure charges and suchlike; that can be increased above inflation.
This meets with the wishes of published consultations with ratepayers
elsewhere in the town.
The officers, however, are put in an almost
impossible position in this balancing act between hut owners and the
wider public without alienating one or the other.
Jim Atkins, former chairman of the Mudeford
Sandbank Beach Hut Association, said outside a public meeting to the
press that he felt his members had been discriminated against.
Significantly European law requires councillors to not discriminate
against anyone. An impossible task in politics which is "all about who
gets what", according to a lecturer of mine at the I M Marsh College of
Physical Education in the radical seventies.
In any event the Office of Fair Trading has
been invoked at my suggestion to see if, (as with the New Forest
District Council) council terms generally are fair or unfair. This is
now a matter between the association and the council which will
eventually, if investigated, helpfully join the public record. For what
we might expect to happen click on this link after finishing this news
item see
here.
In the meantime the local press have heard
of a hut, advertised at £120,000 a year ago has just been
sold for £75,000. With a transfer fee of £21,000
the consequence is nearly a 50% fall in its realisation. This upsets
not only anyone with a hut to sell, but the council and their plans to
establish an above-inflation licence-fee income together with the
controversial transfer fee regime that, it is planned, increases by
half each year until the council gets a (so far) legal share of the
sale of the hut – justified because it is on
council-controlled land.
At a public council consultation (over the
council tax) your editor argued that there should be no taxation
without representation since only about 50 of the 350 huts owners are
Christchurch voters. The answer was that the fees and charges are not a
tax, the small element of council tax is collected by a grateful
Bournemouth Council, who are the ground landlords for most of the
beach, but who provide no services!. So owning a hut is seen as similar
to car ownership, yet one that when sold achieves a fee of approaching
a half of its value to the council!
A repeated proposal from the hutters'
association is that the Council allow the few annual in-family
transfers at a reduced rate of £1,000. This is to help
perpetuate old family lines on the beach who have been forced to sell
up through a combination of rising prices and fees. But the
"commercial" sales to outsiders would be facing a much increased fee to
compensate the council from lost revenue.
Helpfully the "damned if they do and damned
if they don't" council have decided to do a rapid consultation at the
eleventh hour directly with the hut owners to see if this is really
what they want, but this an apparent snub to the association whose
exasperated chairman said "I don't believe it" after that possibly
skittish decision.
Whatever the outcome, a hut is now a fragile
investment and you have to love the place to justify buying one now, a
state of affairs that may in fact save the beach from the fawning
lifestyle colour- supplement onslaught that has reflected and possibly
fuelled the massive price rises over the last decade and a half.
Oh, and don't blame me , this is all out or
my (or anyone else's?) control. It's the market, stupid.
Watch this space for the news, hopefully as
it happens. Feel free to email the editor here
at www.msbnews.co.uk with any relevant facts or opinions.
Got any
comments? Visit the message board to add your views - click here
|
| |
| Beach
Hut Prices at Mudeford Sandbank Fall
Added : 07.04.2005 |
| One shore beyond desire
On March 18th at auction (auctioneers
Symonds and Sampson) a sleeping beach hut failed to meet its reserve of
£80,000, confirming local knowledge that sales had stalled on
the beach.
It is apparent from nearly two-dozen 'For
Sale' signs before the Easter holiday that although vendors are anxious
to sell, buyers are currently few and far between. This is most
unusual.
Vendors have been keen to sell this Spring
because the progressive transfer fees payable to Christchurch Council
rose on April 1st for a hut from £15,000 to £21,000
as expected. Also licence fees have spiralled to close on
£2,000 per hut and although the beach has never looked
better, the old cheap and informal ways are being supplanted by a new
ruthless profit-led and cost-driven worldliness.
Articles on the sudden price slump appeared
in the local media and the national press and even an overseas
newspaper just before Easter. Maxine Frith, Social Affairs
Correspondent of the Independent (25th March 2005) led the pack with a
superbly researched piece. [see the 2005 edition of the Mudeford
Sandbank News)
Sales may yet recover if demand is restored.
But this would have to be in the face of vendors passing on the
increasing transfer fees to buyers. Historically, about a dozen huts
have changed hands on average each year over the last 30 years. There
has been something of a buying frenzy in the last dozen years, despite
the rising prices.
The 354 huts contribute £630,000
in annual licence fees. In 2002/3 the transfer fee windfall to the
council was £109,000. In 2004/05 it was £239,000.
In 2005/6 it should be at least £309,000 in the council's
favour. The following year the rate (if not the total as it depends on
the number of huts being sold or transferred) should increase by half
again. The council want to gradually achieve a 50% share of a hut's
profit on sale because it is the (council owned) land that has the real
value.
Also any recovery in sales would have to be
in the face of uncertainties over the beach lease from Bournemouth
Council which is due for renewal in either 2029 (or 2036 depending on
who you speak to!) But the fact that the huts have become a 'golden
goose' is an assurance that the huts will continue to colonise this
beach, as the values have been rising at least until the 2005
'correction'.
On the other hand, it is still a paradise
down here. And will be, people know, for generations to come. But
efforts to reduce the transfer fees when passed down within families,
if successful, may reduce supply even more and force prices upwards
again. Publicity (even bad publicity over falling prices) has brought a
new clutch of Easter weekend visitors looking for an apparent bargain.
This is a perennial phenomenon it seems to me.
It is not just waves that encroach upon the
shore.
It is an exiting time, not least because
having sold my family's sleeping-hut (after three quarters of a century
of occupation), admittedly at what has been 'the top of the market', I
am no longer 'Beach Hut Man'.
My plan to buy back into a smaller hut more
suited to my needs and based on my sense of what I or my family would
be prepared to pay is still in question. Objectively I would not be
able to recommend 'buy' or 'sell' to anyone else even if I have just
more than doubled my new paper investments in six months using the
American NASDAQ stock market. (AAPL and PIXR if you must know).
Distance from poverty does lend enchantment
to the view, but it is a cold wind that blows if you do not have a hut.
The simplicity of beach-hut-life is a more enchanting prospect than
that of hut-less financial excess. Honestly.
I told would-be buyers of our hut not to buy
expecting prices to continue to increase, but to give themselves and
their children a sanctuary from the world. I believed they would be
right to buy, for that reason.
They probably were right to buy in, for
whilst the hut-strewn seafront at nearby Bournemouth has 100 arrests on
average each year, our own Mudeford Sandbank has had perhaps one arrest
in the last 100 years!
Oh! for the simple happy childish days of my
youth, in a sanctuary untroubled by the grasping hand of greed, fear of
being displaced by ruthless market forces and troubling council
policies.
But thank you to everyone who has made the
decision to sell last August less painful than it might otherwise have
been. I currently may be found (at least out of season) in a hired hut
at the end of the beach plotting my comeback. Due to council policies
even that temporary solution is under threat of becoming beyond my
justifiable reach.
Absence has made the heart grow fonder. I
recommend a trial separation for anyone in any relationship, however
beautiful the partner you have. The best shore is one beyond our
desire.
Got any
comments? Visit the message board to add your views - click here
|
| |
| Beach
Hut for sale at £145,000 Added :
21.08.2004 |
| Hut 5, at the end of the beach by the Black
House, has gone on the market at a record price of £145,000.
This includes a sum to cover the present Council transfer fee of
£15,000, which the vendor has to pay the Council to finalise
the deal.
Huts have been reaching £120,000
easily, so much so that your editor has amazingly sold his own hut to
pacify his family over rising prices. However if you read the article Daydream
or Nightmare in the 2004 edition of the Hengistbury
Head Times you may read of his secret and clever plan to
obtain another site for a fraction of the cost. Sadly, it does not look
it will become a reality, as prices for even a day-hut are spiralling
out of control and require a cavalier attitude to what money is worth.
The three newspapers and this website have
now become a valediction to Mudeford Sandbank. Despite not having a hut
as a base anymore, this website may even become more up-to date, with
the now possible new investment in equipment and training to better
publish on-line.
It is hoped to still produce at least the
newspaper the Mudeford Sandbank News for sale on
the beach as a hard copy in the future. For simplicity the former Hengistbury
Head Times and the former Christchurch Harbour
Chronicle will become incorporated into the forthcoming new
hard copy version of the Mudeford Sandbank News.
But not to worry, this website will still
reveal everything that has been produced on paper.
Got any
comments? Visit the message board to add your views - click here
|
| |
| Corrections,
Retractions and Apologies Added :
21.02.2004 |
In January 2003 all three newspapers
proudly carried the article Alice In Wonderland
after 5 weeks of research and scrutiny of several hundred internet
pages.
As a consequence the story was faithfully mirrored by the American mind
control victims' web site http://www.heart7.net/ and linked
to by the media site http://www.hourofthetime.com/ as
an 'excellent article on mind control'.
On the 18th February 2004 I received a
letter from Mr Wayne Munkel. I was to be told not to rely on a
misleading citation of his name (two actually) that had been
instrumental in my research in leading me to the American Army Security
Agency of which he is a veteran. I was respectfully requested to
publish the following letter as his response.... click
here for full details
Got any
comments? Visit the message board to add your views - click here
|
| |
| Circulating
in the Dorset region
Added : 02.08.2003 |
Widely circulating
in the Dorset region are some quarter of a million cards, just like
this one (click
here for a larger image).
Your editor has been researching the story
behind these cards for the past two years. Some think it must be a
scam, but I can reveal it represents the labours and frustrations of a
millionaire who lived until recently on the shores of Christchurch
Harbour, in a house visible from my hut window.
Unfortunately the story must be regarded as
sub judice for the moment and I do wonder if the truth will ever be
told. This newspaper does not subscribe to the Mail Order Protection
Scheme common to the mainstream newspapers.
So, if you do hazard your £25 to
"take part" (as I have been happy to) then I can offer no guarantee
that your money is safe. But, I have done so and with no regrets as
this could potentially be an explosive story. The corporate
investigator Roy Pack, a person happy to swim in such waters, who has
been following developments, regards the situation as a virtual bomb
ready to go off and does not mind me saying so.
Watch this space for updates if and when
possible.
Got any
comments? Visit the message board to add your views - click here
|
| |
| New
Issues now on sale
Added : 07.06.2003 |
The
Summer Editions of Mudeford Sandbank News, Hengistbury Head Times and
The Christchurch Harbour Chronicle have been published and all three
publications are now available to buy as a printed version.
The cost is one pound each and they can be
bought from the beach at Mudeford Sandbank or from local newsagents.
Got any
comments? Visit the message board to add your views - click here
|
| |
| Breaking
News Added :
29.03.2003 |
| Today an unconfirmed rumour that seems
likely to be true has been circulating that a Mudeford Beach hut, (a
large one just past the Cafe on the harbourside before the Black House
is reached) has been sold for £100,000. The hut number, buyer
and seller are known, but the figure is as yet unsubstantiated. Whilst
the figure is usually a matter only for the buyer and the seller it
does reflect confidence in a market that has taken a drop in recent
months. For example a visit to the local estate agent website
www.humpreysorr.co.uk today showed 3 huts for sale over the last week
at £55,000, £58,000 and £75,000.
This more or less represents a decline in
asking or selling prices over recent months, fuelled presumably by the
Council transfer fee increases having an impact on seller and buyer
confidence in the market here. For example, reportedly last weekend
(soon after the Beach Hut residents' association meeting advising there
was little that could be done about the Council's cash grab, the local
estate agent had several enquiries from would be sellers. They were, no
doubt, seeking to avoid the transfer fee to the Council increasing at
months-end to a figure approaching £9,000 from the figure
today of some £5,000.a figure expected to increase by half
each year until it represents half of the vendor's profit. This
newspaper has little interest in commercial matters affecting hut
prices, but is obliged to report facts and trends. Notwithstanding,
though, the sum of £100,000 remains unsubstantiated at the
time of writing. It is believed to be a true figure, despite the
possibility for mischief elsewhere. If true it is an increase on the
current Sandbank record of £85,000 paid by another local
estate agent a few months ago.
Please see the local Bournemouth "Daily
Echo" who has today been in contact with the Mudeford Sandbank News (as
has a News Agency and the Guardian), in trying to establish the facts
for publication. By comparison, a nearby Highcliffe day hut (i.e. not a
sleeping one) across the harbour entrance is advertised in the local
New Milton Advertiser on sale tomorrow, at a staggering
£20,000, although a figure of £1,000 is more usual
elsewhere along this coast.
I wonder if the value of the huts is a
function of the national publicity they have generated, or just the
added value that the Mudeford Sandbank News has attracted in the past
five years!
Got any
comments to make about this article? Visit the message board to add
your views - click
here
|
| |
| Alice
In Wonderland - Part 1
Added : 21.12.2002 |
| See the Mudeford Sandbank News Archive for
the latest issue - please use the following link...
Special Issues Jan 2003
Got any
comments to make about this article? Visit the message board to add
your views - click
here
|
| |
| What's
it cost? Added :
14.11.2002 |
| Mudeford Sandbank annual hut license fees
for those lucky enough to own a beach hut are to increase by six
percent to £1,400
When ownership is transferred to another
person the £5,000 plus transfer fee payable to the Council
will increase as promised to £8,000 in 2003. This is planned
to rise so that it becomes fifty percent of the profit on sale. The
profit to someone losing their hut could easily be £65,000
plus at present, showing the transfer fee could become over
£30,000.
With 354 huts the Council therefore now
enjoy a revenue of some half a million pounds each year from the huts
from hut licences. Only about a dozen huts are usually sold each year
when the transfer fee has to be paid.
The transfer fee controversy, being
currently payable by descendants or incomers alike was the main subject
of issue 7 of the Mudeford Sandbank News, for the full story see the
archive.
The voting this year was unanimous, having
been worked up by the officers, the proposal being "happily" put by
Cllr Flagg and seconded "quite happily" by Cllr Hickey.
Happy also to have seconded the proposal if
needed, Councillor Chris Legg, sitting near to Cllr Lucas-Rowe,
cheekily observed this increase was "pretty generous to those beach hut
owners, as they seem to have lots of money". Councillor Russell
Lucas-Rowe being a beach hut owner, whilst allowed to be present under
Council rules and sitting only a swords-length away, was unable to
speak in reply (or, of course, vote).
Councillor Lucas-Rowe, a hut owner for the
last few years (who paid a record price for his double aspect hut at
the time) is a local landowner who presides over the Alice in
Wonderland theme park next to Hurn Airport. His name is said to be an
anagram.
Councillor Harold Cooper, the Council leader
and an ex-valuer had recommended adopting a policy of a four percent
rise across the board and having a closer look wherever possible to
squeeze as much as possible "within reason", the huts falling into this
category.
Hut owners are now faced with a choice, stay
put and see the hut's realisable value plummet, or sell up whilst
prices still hold. Hence the wry suggestion of a previous Hut
Association Chairman last year (see issue 7) that "ethnic cleansing"
was going on. Even parents who wish the hut to be inherited down
generations are facing the prospect the family hut may have to be sold
anyway in the end to pay for the transfer fee...a scenario many
aristocrats have had to face in the past concerning their vast estates!
Now it seems to apply to the once humble
beach hut. The hut owner's residents' association has sought legal
advice on this matter. Watch this space if and when the results become
publicly available! If you have a view please post it to this site
Got any
comments to make about this article? Visit the message board to add
your views - click
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|
| |
| A
new colour postcard hits the beach
Added : 7.10.2002 |
This
website's friend, Brian Randall, has once
again captured the magic of Mudeford in art.
His latest effort, "Mudeford Summer" uses
the very best artistic licence, even if his hut is now much bigger than
mine in this view. Instant reactions from hutters have
included..."that's my entire childhood on that card".
This card retails at 30 pence locally in
season as a simple postcard. Individual cards are not available by
post, but a minimum order size of 50 post cards for £15.00
(post paid) has been agreed.
Brian has offered to make available large
format (approxA3) laser prints for £10.00 post paid. His
address is Brian Randall , "Romerfield, Lakewood Close, Chandler's
Ford, SOUTHAMPTON, Hampshire (UK) Postcode S053 1EY.
Sorry no telephone number, to avoid any
untimely calls. Contributors of items accepted for this website could
well get a complimentary acknowledgement from the editor on one of
these postcards!
Click here
to zoom in.
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comments to make about this article? Visit the message board to add
your views - click
here
|
| |
| She
Sells Sea Shells On The Sea Shore
Added : 27.8.2002 |
| Most people keep coming back to Mudeford
because they can't take it with them. But local mums and kids have been
making this possible.
Clarabel (aged 8) and Jessie
(aged 9) have been decorating and selling shells and stones collected
whilst on holiday. Passers by have been captivated by the naive skill
seen here on a few shells, or engaged by the bracelets and necklaces
that ooze native charm. Last year proceeds from the sales realised over
£100 for cancer research.
Mum Kathy (housewife)
and Aunty Jackey (ex-guider) say it amuses the
children and a lot of people are more than happy to pay in excess of
the 30p or so asked for each item. Jackey said she "couldn't just sit
still and do nothing even if her husband "the Bass-killer" understands
nothing about art. She notes wryly that he uses her craft techniques
and materials, though, for his fly-fishing.
The local daily Echo have been down and
although Kathy and Jacky say they would love to just live down here and
do this for a pastime they know it is a short season and they and the
kids are definitely not in it for the money.
Kathy's
partner, suntanned 'Andy the Surfer' says that they could set
up shop on the beach but life is too short for that, anyway, he says,
they obviously haven't got anything better to do, for example, he says
I keep asking Kathy out on my board but she's too frightened of the
water.
The good news is that this year it looks
like they will have raised over £100 for Great
Ormand Street Childrens Hospital. But sorry folks, there are
no more shells or stones (until maybe next August) now that this years
stock has been sold. Anyway, you could always make some of your own!
Got any
comments to make about this article? Visit the message board to add
your views - click
here
|
| |
| What's
It Worth? Added :
26.8. 2002 |
| A thing is only worth what a person will
pay to obtain it. A Mudeford beach hut is currently fetching
£60,000+. The effect of the council's cash grab on resale has
yet to be felt, with the transfer fee charged on sale intended to rise
to 50% of the profit achieved by the vendor. The transfer fee is the
councils cut which is planned to rise from a current maximum of say
£6,000 to perhaps £30,000 or more.
For example a hut priced at
£72,500 recently eventually changed hands for
£68,500 after a couple of months on the market (sales are a
little slower than of late with £75,000 having been achieved
last year).
So we could probably conservatively hazard
that the 350 huts could achieve £60,000 each giving a
ball-park valuation of £21,000,000 for the lot.
Being almost entirely privately owned the
council may hope for less than half of this figure, i.e. their eventual
50% of the profits- which will in any case vary from hut to hut on
sale. So the council should perhaps value the huts prospectively at up
to £10,500,000.
Christchurch Borough Council has to seek
best value for its assets, and as part of this has published an Asset
Management Plan in July 2002, under the prior Chairmanship of Cllr
Harold Cooper the leader of the Council. Councillor Cooper has in the
past been a valuer. The Asset Plan is now under the direction of the
Property Strategy Group. One objective of the group is to assess the
capital and revenue advantages of holding/disposing of assets.
It is therefore interesting to note that in
the published report the Council regards the sandbank as only being
valued at £1,757,524. Furthermore the projection is one of
straight-line depreciation for the extent of the lease until 2029, not
one of appreciation as might be expected under the existing or proposed
policies. Perhaps since only on average 10 huts come on to the market
each year and their value is at risk as the lease expires the figure is
after all a correct assessment.
It is too early to report if this is so.
Perhaps the matter will be cleared up in coming months with an
explanation from the council.
Watch this space.
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