Expensive shed for sale..
Posted: Sun Apr 25, 2010 12:18 am
FYI £65,000 = $99,000 US = $108,000 AU = $99,900 Can

It is little more than a glorified shed, but whoever snaps up this beach chalet will be taking advantage of a rare opportunity to create memories for generations to come. On the face of it, the new owner won't get much for the guide price of £65,000, but families hold the seaside huts so dear that they rarely come on to the market.
The Teignmouth beach hut is the first to be sold in the town for three years. The last fetched a staggering £90,000, according to estate agent Nick Wood, who will auction off the property on May 18. He said the chalet had been in the vendor's family for well over 40 years.
"The present owners are reluctant sellers," he said. "But the family dynamic has shifted. It's now owned by three siblings, and they rarely use it, so they want somebody else to have the opportunity." The trio no doubt harbour happy memories of family days at the beach, licking on ice creams, playing in the sand and admiring the stunning view.
Mr Wood, of Woods Estate Agents and Auctioneers, said the property, is particularly unusual because it is being sold as a freehold. "Normally, they are owned by councils and rented on a lease of between 20 and 60 years, but in this case, you get to own the little bit of Devon beach that it sits on," he said.
The row of huts sit on the edge of the Teign Estuary, and some have historically been used by fishermen for storing gear. They also offer stunning westerly sunset views. Mr Wood does not believe that the current financial climate will have any impact on the sale. "It's not the sort of thing you buy out of borrowed money, so it shouldn't make any difference," he said.
http://www.thisisdevon.co.uk/news/Treas ... ticle.html
