Land next door.....

[glasshouse]

Thats a joke,and copied from the late John Cherrington when he was talking about Scottish seed potato merchants from Auchterader in Fife.

I will let you off, in a heavy glaswegian accent, the most feared in the world.lol.

 

[mire man]

commonly happening over here is land farmers sold in 2005 - 2008 to developers for boom time prices have bought back their land for agri values from NAMA (government agency for bust developers) . i was watching a combine yesterday working in a field sold for 11milion jn 2006 and the farmer bought it back for rumoured 300k during recession.

 

[GTB]

commonly happening over here is land farmers sold in 2005 - 2008 to developers for boom time prices have bought back their land for agri values from NAMA (government agency for bust developers) . i was watching a combine yesterday working in a field sold for 11milion jn 2006 and the farmer bought it back for rumoured 300k during recession.

And he's still got 10.7 million in the bank. Good for him!

 

[hindmaist]

Always worth remembering that for every "fool" that buys land at a ridiculous price there are 50 of us "fools" not selling at that price.

 

[2wheels]

Thats a joke,and copied from the late John Cherrington when he was talking about Scottish seed potato merchants from Auchterader in Fife.

i thought auchterader was in perthshire?

 

[Forever Fendt]

And don't even put in your bid until the hammer is ready to fall, no point running it up for yourself

@Forever Fendt

This was on the looking / dreaming for farms thread

Aye,can soon go tits up.On another thread i was looking up New Heaton farm,Cornhill,in the borders.Must be some story about it,new dairy investment on a good arable farm,but not the full acreage being resold.Got done for effluent going in the Till earlier this year.

it was always a dairy farm,yes it has been updated i guess thats how they justify trying to sell at twice what it was brought for and keeping some land from it as well, its a good farm

 

[jendan]

i thought auchterader was in perthshire?

Yes,sorry,my mistake.Was thinking of auchtermuchty.

 

[jendan]

it was always a dairy farm,yes it has been updated i guess thats how they justify trying to sell at twice what it was brought for and keeping some land from it as well, its a good farm

There was an article in our local paper about it 3 years agver 1 million spent on investment for the dairy,silage clamps,buildings etc.So why are they selling,whats gone wrong?The owner is from Derbyshire i believe?

 

[renewablejohn]

Oh yes you can get a lot for your money in Scotland. And have to say every time we go up I find all the Scots to be very nice people.

We nearly ended up with a large estate in Scotland but it failed on due diligence only 7 years later and its back on the market. Political climate in Scotland remains unstable for large estates so I will not be chasing this time.

 

[Doing it for the kids]

I would rather buy in sealed bids then at auction, I think there is more skill in it.

Only so much you can do to work the auctioneer but lots you can do with a sealed bid.

 

[Gatehouse Farm]

We nearly ended up with a large estate in Scotland but it failed on due diligence only 7 years later and its back on the market. Political climate in Scotland remains unstable for large estates so I will not be chasing this time.

Any chance of a link?

 

[Alicecow]

i thought auchterader was in perthshire?

Interesting how place names pop up similar but different, there is a place in Co. Galway called Oughterad
(pronounced Oot-er-aad)

 

[Gatehouse Farm]

i thought auchterader was in perthshire?

Good trout fishery not far away as well at Orchill Loch

 

[renewablejohn]

Any chance of a link?

http://www.johnclegg.co.uk/uk-&-ire...1260&filter_region=1/0/0&filter_price=&page=1

When I was looking to buy around 2010 it was less than 2.5 million and I doubt whether its worth any more now. Certainly the new owners found it very easy to upset the locals maybe why its back on the market.
At the time it would have been a bargain but I have no regrets for not investing as the political climate has still not been resolved and potentially makes estates like that high risk.

 

[Pasty]

Always worth remembering that for every "fool" that buys land at a ridiculous price there are 50 of us "fools" not selling at that price.

Dunno. I sold a good few acres of thistle growing, north facing slope last year for a small fortune. Some emotional attachment but it had little or no use that I could see other than govt. payments. If it comes back on at a tenth of the price I will maybe buy it back. Not sure I would pay more than that. You can't get out there between June and August for the fricking horse flies. Never mind. Good investment for someone.

 

[Tarw Coch]

I would rather buy in sealed bids then at auction, I think there is more skill in it.

Only so much you can do to work the auctioneer but lots you can do with a sealed bid.

I'm interested in your thinking on that one. What can you do to influence the auctioneer on a sealed bid? Surely it will almost Allways be highest bidder gets it.

 

[multi power]

I'm interested in your thinking on that one. What can you do to influence the auctioneer on a sealed bid? Surely it will almost Allways be highest bidder gets it.

Back handers, bribery and blackmail ?

 

[glasshouse]

I would rather buy in sealed bids then at auction, I think there is more skill in it.

Only so much you can do to work the auctioneer but lots you can do with a sealed bid.

Like what?
Nothing worse than losing out for a few grand.
At least an auction is transparent

 

[Gatehouse Farm]

http://www.johnclegg.co.uk/uk-&-ire...1260&filter_region=1/0/0&filter_price=&page=1

When I was looking to buy around 2010 it was less than 2.5 million and I doubt whether its worth any more now. Certainly the new owners found it very easy to upset the locals maybe why its back on the market.
At the time it would have been a bargain but I have no regrets for not investing as the political climate has still not been resolved and potentially makes estates like that high risk.

4.5 mill now

 

[renewablejohn]

4.5 mill now

Not worth that. If it included the hydro generating plant maybe but that belongs to a third party and you only get a small income per year. If anything letting a 3rd party install a hydro plant has devalued the value of the estate as that was one of the main assets I was planning to exploit but on a far larger scale than what has been carried out.