plgsarmy 111 Posted October 10, 2012 Share Posted October 10, 2012 Hi Bluedell, I could be totally wrong here but something tells me that you did a bit of research a couple of years ago and discovered that Edmiston House was sold to Response Handling (or whoever) for £900K. Perhaps it wasn't you or I have dreamt the whole thing up. Can you confirm? The reason I ask is that CG said last week that it had been sold for £1.5M and that he bought it for £800K. I'm not saying that CG is lying, it's more likely he was lied to by the vendor. If I've got this wrong then let me know and it'll be the shortest thread in the history of Gersnet. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted October 10, 2012 Share Posted October 10, 2012 It was me. Let me check and I will get back to you with the details. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted October 10, 2012 Share Posted October 10, 2012 It was sold on 11/3/02 for the sum of £1,116,250 Application Number : 02GLA07489 General Price £1,116,250 Applicant/s C. Ventures (edmiston House) Limited Property Title No. Parent Property GLA29534 - Edmiston House, Harrison Drive, Glasgow, G51 2YX Registry Title Description Sale Date 11th March, 2002 Application Type Dealings with Whole (DW) Deed Type/s Disposition Other Sales of these Titles Application No. Date Title Number Price No other sales have been found for these titles. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted October 10, 2012 Share Posted October 10, 2012 It was was sold by Rangers Development Fund in 2002 for £950,000 plus VAT. 0 Quote Link to post Share on other sites More sharing options...
plgsarmy 111 Posted October 10, 2012 Author Share Posted October 10, 2012 It was sold on 11/3/02 for the sum of £1,116,250 Application Number : 02GLA07489 General Price £1,116,250 Applicant/s C. Ventures (edmiston House) Limited Property Title No. Parent Property GLA29534 - Edmiston House, Harrison Drive, Glasgow, G51 2YX Registry Title Description Sale Date 11th March, 2002 Application Type Dealings with Whole (DW) Deed Type/s Disposition Other Sales of these Titles Application No. Date Title Number Price No other sales have been found for these titles. So neither I nor CG was right? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted October 10, 2012 Share Posted October 10, 2012 So neither I nor CG was right? You were close...closer than CG! You would ignore the VAT as it would be reclaimable. 0 Quote Link to post Share on other sites More sharing options...
plgsarmy 111 Posted October 10, 2012 Author Share Posted October 10, 2012 It was was sold by Rangers Development Fund in 2002 for £950,000 plus VAT. Without working it out, the VAT would probably take it to the figure FS quoted. 17.5% VAT. Actually I did work it out and it is spot on. 0 Quote Link to post Share on other sites More sharing options...
plgsarmy 111 Posted October 10, 2012 Author Share Posted October 10, 2012 Now we've got that clarified, I wonder what people's thoughts are on the proposal to have the first two floors as the superstore and the top floor as a sports bar. There is the investment of £800K to buy it back then whatever it costs to refurbish it which won't be insignificant. I worry that we are putting so much money into something that is only going to be busy on match days. I wrote a paper last year that I sent to Gordon Smith who subsequently gave it to Ali Russell about how we could increase income. I've now sent it to Imran Ahmad but who knows if he will even read it. Basically it was about how we should be looking at the tourism industry to attract visitors throughout the year. We have a USP (that's Unique Selling Point rather than anything to go with supporters groups) in that we are the world's most successful club. We should use that in our marketing. The open-topped buses go to the Science Centre, why not drop off at Ibrox and let them spend their dosh. My paper was in much more detail but that was the general idea. 0 Quote Link to post Share on other sites More sharing options...
kuznetsov 0 Posted October 10, 2012 Share Posted October 10, 2012 Now we've got that clarified, I wonder what people's thoughts are on the proposal to have the first two floors as the superstore and the top floor as a sports bar. There is the investment of £800K to buy it back then whatever it costs to refurbish it which won't be insignificant. I worry that we are putting so much money into something that is only going to be busy on match days. I wrote a paper last year that I sent to Gordon Smith who subsequently gave it to Ali Russell about how we could increase income. I've now sent it to Imran Ahmad but who knows if he will even read it. Basically it was about how we should be looking at the tourism industry to attract visitors throughout the year. We have a USP (that's Unique Selling Point rather than anything to go with supporters groups) in that we are the world's most successful club. We should use that in our marketing. The open-topped buses go to the Science Centre, why not drop off at Ibrox and let them spend their dosh. My paper was in much more detail but that was the general idea. there would be uproar and tims would never allow it. 0 Quote Link to post Share on other sites More sharing options...
plgsarmy 111 Posted October 10, 2012 Author Share Posted October 10, 2012 there would be uproar and tims would never allow it. Why would Tims have a say in it? 0 Quote Link to post Share on other sites More sharing options...
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