The Lemon Fool

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.

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 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.

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!

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.

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.

Here's another:

In Alsop's July 2019 auction lot 47 - https://auctions.allsop.co.uk/lot-overview/city-centre-freehold-shopping-centre-investment-in-bangor/c190709-059?searchid=0g139y5uLx8MKRadmUtykfoUtoWMP50qYkZpKoOJPL4%3D&view=list&idx=47

guide price gross Initial Yield 145.58%

and/or lot 80 https://auctions.allsop.co.uk/lot-overview/prominent-freehold-shop-and-leisure-investment-in-walsall/c190709-129?searchid=0g139y5uLx8MKRadmUtykfoUtoWMP50qYkZpKoOJPL4%3D&view=list&idx=80

guide price giy 21.35%