Micky
Well-Known Member
Just wondering if anyone on here has ever bought a second hand arena/school, already built and usable but old...and if so, how much did you pay for it?
Blimey don’t think its worth that much! Probably built in the 1980’s...and it looks like it was..! Thanks..can’t seem to find any info anywhere...certainly wouldn’t put 5 figures on it..4maybe...
It is a tricky one really, as it is worth whatever someone will pay and someone else will let it go for.
For example, a friend had a house with an odd bit of garden, that was more behind the neighbour's house. He used it as a veggie patch. They did have a load of land, as in house, yard, garden and field to about 3 acres, and kept a few horses.
A new neighbour moved into the house with the veggie patch behind. They didn't have a back garden as such, just a path round the house. They made representations about buying the veggie patch.
My friend was not bothered about selling, the garden was nice enough, but realised that the neighbour would really like the patch of garden for their own use as it would enhance their house considerably (plus presumably add value).
They did not want to be greedy, and invited an offer. The neighbour decided that land locally was £5,000 an acre, and the strip of land was X% of an acre, and worked out a price. It was a few hundred pounds or similar.
My friend pointed out that £5,000 an acre was for agricultural land, usually bought as 10 acres or whatever, not someone's garden, particularly someone who was not really interested in selling. The value of something to add value to your won property is worth more, especially if it has a particular amenity value.
Disagreement ensued, the land was never sold.
So, moral of the story is... it is not about what the paper value of the land is. It is about how much you want it and they want to sell! As it is not actually for sale I presume they do not particularly wish to sell. So, I would tread carefully, sound them out and ask if they would be interested and for them to indicate a price.
I think stand alone sales of arenas will be rare, usually they will be sold along with other land or property. A local surveyor may be able to advise you better than we can on value that it adds to the existing property and you can establish what it is "worth" to you on the back of that but, given that you are wanting it and they are not looking to sell it I would expect to have to offer in excess of its market value and even a 20 x 40 that drains well is likely to be over £10kLots of people want things for free or very little money..that isn’t my quest, my quest is to find someone who could give me advice or experience of buying a second hand manege...you mustn’t lump all landowners in the same wheelbarrow..thanks all...I’ll go n see whether my fellow Cornish folk will sell..
Lots of people want things for free or very little money..that isn’t my quest, my quest is to find someone who could give me advice or experience of buying a second hand manege...you mustn’t lump all landowners in the same wheelbarrow..thanks all...I’ll go n see whether my fellow Cornish folk will sell..
�� 9999!! I have the land house stables sheds, they have the manege selling with their house next door..
Do you realise that it would cost £20,000 and upwards to have it built from scratch if you already owned the land? If the drainage still works well and all it needs is a surface top up, then £10,000 would be a very good deal, I reckon.
Given that it borders your land, do they realistically have any hope of selling it to anyone else? If not, you're looking at closer to land value. If they can still get some benefit from it as an arena, the price will go up accordingly!
Drainage not great, not been used for years, facilities is a broad term as I own everything else (!!) Ill just wait for that lottery win and buy the lot..haha...thanks all...