I wonder what you could actually do (legally) with this ownership.
Someone has bought all the grass verges and odd little green spaces on the estate where I live. I wonder if that will have an impact on anyone trying to have the kerb dropped outside their house in future ?.
Andrew
Charge the lime bikes a "toll" to cross your land? charge BT a wayleave for their manhole?
(I needed to open an incognito window in Chrome to view. (It wasn't my Adbolck))
You would think the property industry would have a polite term for "Ransom Strip". Then again, maybe you wouldn't.
So I looked at this, imagining what it would be like buying lots of cheap offcuts, in the hope they will come in handy one day, only real estate, not DIY. Or making possibly tax-deductible trips to London to inspect my many properties, or...
First off: "We have been advised by the Seller that some of the roads and pathways have been adopted by the Local Authorities and/or Highways."
And while I'd still spend £10 sight unseen, the auctioneers have a minimum charge of £750...
Thomas Prufer
If some of those parcels are regularly crossed by the public then one tripping and claiming for injury compensation if the surface was poor could cost a bit, you could insure yourself but that is more money to spend.
GH
Being next to a pedestrian path and on the corner of the road the council could force the owner to maintain it, or alternatively maintain it themselves and send the owner a bill for the service.
Ouch.
So, to hold anyone ransom, it won't work to just stroll in with a tenner. It needs a limited liability company on the Maldives buying the strip, after researching its usefulness, and then carefully monitoring if and when it is remunerative to pounce. Specialist work, not DIY, I guess...
Thomas Prufer
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