Sunday, 7 June 2009

Buyer beware!

With the money markets and banking so unstable there are probably lots of investors out there looking for an unusual place to park their wad and get a reasonable long-term return. So goes the story in today’s Mail on Sunday.

The Swinford toll bridge may not offer a lot of annual return for £1.65 million (the asking price) - about £100k a year, plus any capital gains, of course - but one thing’s for sure; the traffic using it ain’t going to get any lighter any time soon. A super chance to invest in congestion, perhaps?
But any potential buyer will have to consider the cost of repairing this historic monument and not least being hated by the residents of west Oxfordshire who use the bridge and hate the toll. Buyer beware! There are thousands of us.

However, if you have thick rhino-skin, no social conscience and don't care about profiteering from other people's misery, then maybe the bridge is for you!

For the complete avoidance of doubt I want to say it again: the rightful owner of this beautiful bridge should be Oxfordshire County Council.

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