Friday, September 28, 2007

Beach hut - not much change from £100,000

The silly season of beach hut prices continues with the pictured beach hut at Teignmouth beach in Devon going for £91,000 at an auction which attracted 70 bidders. According to this is south devon it was bought by greengrocer Robert Bray (and his millionaire hedge fund manager son). Their plan is to demolish it and rebuild.
Via shedblog.

3 comments:

  1. Anonymous10:30 AM

    When people are wondering where their savings have gone and what happens to all the money during a financial crisis they can find the answer here:

    The money goes on bonuses for a few elite gamblers (who actually produce nothing).

    The new owner is so flush with cash he can't spend his (your) money fast enough.

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  2. That's true. Although if it all goes horribly wrong for them, I suppose they do at least have a nice beach hut to live in.

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