12 Jul

Standard Alliance Insurance Plc (STDINS.ng) Q32016 Interim Report

first_imgStandard Alliance Insurance Plc (STDINS.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2016 interim results for the third quarter.For more information about Standard Alliance Insurance Plc (STDINS.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Standard Alliance Insurance Plc (STDINS.ng) company page on AfricanFinancials.Document: Standard Alliance Insurance Plc (STDINS.ng)  2016 interim results for the third quarter.Company ProfileStandard Alliance Insurance Plc is an insurance company in Nigeria offering general and risk insurance as well as life assurance and annuity products and services for corporate and high net-worth individuals. Home insurance products cover homeowners, burglary and housebreaking, fire and special perils, risk and computer/electronics insurance. Business insurance products include professional indemnity, consequential loss, goods-in-transit, machinery breakdown, public/product liability, contractors all-risk and fidelity guarantee insurance. Engineering insurance products cover erection and plant all-risks insurance. Special risk insurance covers boiler and pressure vessels, marine cargo and hull, oil and gas, aviation insurance, travel and compulsory insurance. Formerly known as Jubilee Insurance Company Limited, the company changed its name to Standard Alliance Insurance Plc in 1996. The company’s head office is in Lagos, Nigeria. Standard Alliance Insurance Plc is listed on the Nigerian Stock Exchangelast_img read more

5 Jul

Cineworld shares are rising: Here’s what I’m doing

first_img In my article on Cineworld Group (LSE: CINE) last Friday, I looked at reports the firm was seeking rescue financing and explained why I’d stay away from this stock. In the days since then, Cineworld shares have surged 35% higher, thanks to a new $450m loan that should fund the company through to reopening.Was I wrong to avoid Cineworld? Today I’m going to take a fresh look at the world’s second-largest cinema group and explain why I’m not changing my mind just yet.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…New debt gives breathing spaceBefore Monday’s news, press reports were suggesting that Cineworld might have to close some cinemas permanently and beg landlords for rent reductions. That risk seems to have gone away, at least for now.The company says that it’s secured $450m of new debt and agreed extended repayment terms on some existing loans. Management believe the firm will now have enough cash to survive, even if cinemas stay closed until May 2021.I’m not surprised that Cineworld shares have popped higher. I believe this is good news for the company and its shareholders. But I don’t think it’s a full solution to the cinema group’s problems.Too much debtCineworld already had a lot of debt before the coronavirus pandemic got underway. The firm’s 2019 results show net debt of $3.5bn excluding leases. That figure rose to $4.2bn at the end of June. I think it’s likely to be closer to $4.5bn by the end of this year.With most of the cinemas closed, Cineworld is burning through about $60m of cash each month. When cinemas do eventually reopen, initial trading may be slow. Current broker forecasts suggest the firm’s 2021 sales could be 30% below 2019 levels, leaving the group trading at a loss.My sums suggest that reducing the firm’s debt mountain to a more sustainable level will be difficult, even if trading recovers quickly.Cineworld shares: What next?In my view, management have done well to negotiate this new loan. I think there’s a good chance Cineworld’s share price could rise further over the coming weeks. However, I’m fairly sure that this week’s funding deal will only be a stepping stone towards a wider refinancing.At some point in the next year or two, I believe Cineworld will need to swap some of its debt for new shares in the company.This might be done by selling new shares to existing investors. Or the firm’s lenders might agree to write off some of their loans in exchange for new shares in Cineworld.In either case, I’d expect the new shares to be issued at a level below the share price at the time, causing the Cineworld share price to slump. Any existing shareholders who didn’t invest fresh cash would also see their stake in the company cut dramatically.My policy on turnaround situations is to stay away from companies that have too much debt. In my opinion, that’s true here. For this reason, I’m going to continue avoiding Cineworld shares. Roland Head | Tuesday, 24th November, 2020 | More on: CINE Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. “This Stock Could Be Like Buying Amazon in 1997” Roland Head has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Image source: Getty Images I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. Enter Your Email Address See all posts by Roland Head Cineworld shares are rising: Here’s what I’m doinglast_img read more

19 Jun

Minority-owned business forum to be held in Apopka

first_img LEAVE A REPLY Cancel reply TAGSMWBE Previous articleMagnolia Park Eco-Tourism Meeting ReportNext articleFlorida Department of Health in Orange County Dale Fenwick RELATED ARTICLESMORE FROM AUTHOR Support conservation and fish with NEW Florida specialty license plate Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 The Anatomy of Fear Please enter your comment! Women, Minority & Veterans Business (WMVB) Networking LunchLocal business owner, Rod Love, is hosting a networking lunch for minority-owned businesses who want to learn about the opportunities available for minority-owned businesses.The event will include a special presentation by VaSantha “Tonya” Raysor, Business Development Division Administrator for Orange County. Raysor will provide information regarding Orange County’s Certified Minority/Women Business Enterprise (WMBE) initiative.Participants will also hear firsthand from a local small business owner as to how the WMBE initiative has grown his business and helped him create jobs.The event is expected to draw owners of Apopka-area businesses that are owned by minorities (MBE), women (WBE), and veterans (VBE).The WMVB Networking Lunch will be held on Thursday, November 3rd from 11:30 AM to 1:00 PM at The Catfish Place (311 South Forest Avenue, Apopka).The event is free, but there is limited space and advance reservations are required. Interested business owners should reserve their place by sending an email to: [email protected], the federal government, state agencies, and most municipalities all want to do business with minority-owned companies.  For example, Orange County has set the following goals for minority participation on the following types of projects:Construction – 25%Professional Services – 27%Services – 24%Goods – 10%To meet their objectives, private and public sector firms actively search for certified minority-owned businesses. If you’re not certified, you can miss out on business ranging from a marketing opportunity to reduced-competition access to public contracts.Greater Orlando Aviation Authority, the Central Florida Expressway Authority, Orange County Public Schools, and the Orange County Library will all accept certifications issued by Orange County, the City of Orlando and the State of Florida. Save my name, email, and website in this browser for the next time I comment. Share on Facebook Tweet on Twitter You have entered an incorrect email address! Please enter your email address here Please enter your name herelast_img read more

17 Jun

PRO.CRE.AR PERROUD House / AToT – Arquitectos Todo Terreno

first_imgArchDaily Area:  120 m² Year Completion year of this architecture project Houses CopyHouses•Ingeniero Maschwitz, Argentina ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/893599/prrr-perroud-house-atot-arquitectos-todo-terreno Clipboard PRO.CRE.AR PERROUD House / AToT – Arquitectos Todo Terreno Save this picture!© Joaquin Portela+ 21Curated by Danae Santibañez Share Argentina “COPY” Architects: AToT – Arquitectos Todo Terreno Area Area of this architecture project “COPY” Projects Year:  2016 Manufacturers Brands with products used in this architecture project Manufacturers: Weber, Aluar, CERBELU, FENOBLOCK, VASAConstructor:Mauricio CorbellaArchitect In Charge:AToT- Lucia Hollman – Agustin MoscatoCity:Ingeniero MaschwitzCountry:ArgentinaMore SpecsLess SpecsSave this picture!© Joaquin PortelaRecommended ProductsGlassDip-TechDigital Ceramic Printing in Art & SignageDoorsVitrocsaGlass Technology in Hotel BeaulacDoorsStudcoAccess Panels – AccessDorDoorsAir-LuxPivoting DoorPRO.CRE.AR PERROUDThe search for design spaces that characterize the residence is marked in the belief of time as a design pattern, which takes different logical structures depending on their specific characteristics in relation to what surrounds them. In this sense, the PRO.CRE.AR House adopts as premise two instances: the first in relation to social structures and the second in relation to technology and costs.Such social structures take form from flexibility as “dynamic space” where the rationalization of it creates, in an empirically way, the spatial experience.Thus, the residence is built for a growing family, that is, for an hour it is a couple with a daughter, but taking a priori the logic of mutability and spatial flexibility, it is allowed that the house is inhabited by different modes.Save this picture!AxonometricContextThe PROCREAR EP house, is held in the context of a national government initiative to promote the construction, expansion and reform of single homes through a mortgage loan of no more than $ 500,000 (Argentine money). During its launch in 2012, many families resorted to it, and as a consequence, the demand in the design and construction of homes increased. In this sense, the residence dialogues with the first illusions and aspirations of a growing family that has a credit and some savings of the same value to make this house a visible space, a home. The residence is found on the outskirts of the city, in a suburban neighborhood where the urban fabric is still low density, but even so, nature is scarcely present because of man’s intervention within a medium density without large spaces of vegetation and little use of the possible views.Save this picture!© Joaquin PortelaRaw MaterialArchitectural specificity reduces to the use of a single material, a single technology that defines spatial modes and instances. The concrete block feature allows you to create filters, bellows, held spaces, walls and even sidewalks. In addition, throughout its useful life it can be changed or replaced.Save this picture!© Joaquin PortelaSave this picture!© Joaquin PortelaThe time recreates various atmospheres and uses, which is why, spaces are figured out in terms of design as fixed and flexible, as a contemporary reflection of the Kahn spaces of service and served spaces, where the fixed is composed only by what it could not move technologically or, more than that, by a dynamic that always articulates the flexible program. Meanwhile, the flexible itself, which are the bedrooms, the living room, the mezzanine, the gallery and the balcony, can vary their growth and their adaptability over time.Save this picture!© Joaquin PortelaSave this picture!Floor PlansSave this picture!© Joaquin PortelaConnectionsThe proposal for a credit viability, is specifically based on the costs reduction and the possibility of a residence with identity and protagonism that is not underestimated a priori by its raison d’être. That is why we define a logical and very marked consequence of the dominant aspects: mutability, identity and costs.Save this picture!© Joaquin PortelaThe notions of place are rationalized in the work itself, but in this case, the residence that is of permanent use, receives new logics that make of time an instance of growth, wisdom, nature and poetics. The gallery and its inner courtyards articulate these logics, shows nature in a rational way with the will to be transcendental.Project gallerySee allShow lessJR’s Hut at Kimo Estate / Anthony Hunt Design + Luke Stanley ArchitectsSelected ProjectsUNStudio Triumphs in Competition for New Budapest Bridge Over the River DanubeArchitecture News Share PRO.CRE.AR PERROUD House / AToT – Arquitectos Todo TerrenoSave this projectSavePRO.CRE.AR PERROUD House / AToT – Arquitectos Todo Terreno ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/893599/prrr-perroud-house-atot-arquitectos-todo-terreno Clipboard CopyAbout this officeAToT – Arquitectos Todo TerrenoOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesIngeniero MaschwitzArgentinaPublished on May 09, 2018Cite: “PRO.CRE.AR PERROUD House / AToT – Arquitectos Todo Terreno” [Casa PRO.CRE.AR PERROUD / AToT – Arquitectos Todo Terreno] 09 May 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogAluminium CompositesTechnowoodWood Siding in KSR Villa BodrumRailing / BalustradesMitrexIntegrated Photovoltaic Railing – BIPV RailingMetal PanelsAurubisCopper Surface: Nordic DécorWindowsAir-LuxSliding Window – CorneringWoodBruagRoom Acoustics – Interior Cladding PanelsSinksBradley Corporation USASinks – Frequency® FL-SeriesMetal PanelsTrimoInternal Walls – Trimoterm, Qbiss OneGlassSolarluxWintergarden – SDL Akzent plusSystems / Prefabricated PanelsInvestwoodCement Bonded Particle Board – VirocPaintKEIMMineral Paint in Hunters Point LibraryCabinetsburgbadMid-Height Cabinet – EssentoSignage / Display SystemsGlasbau HahnMuseum Display CasesMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

12 Jun

State COVID Numbers Are Good News for Pasadena

first_img CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday HerbeautyRemove Belly Fat Without Going Under The KnifeHerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeauty EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Subscribe Name (required)  Mail (required) (not be published)  Website  15 recommended0 commentsShareShareTweetSharePin it Business News Community News State COVID Numbers Are Good News for Pasadena County on the verge of leaving restrictive purple tier CITY NEWS SERVICE/STAFF REPORT Published on Tuesday, March 2, 2021 | 2:42 pm New numbers released by the state regarding the spread of coronavirus bode well for Pasadena.The figures place Los Angeles County’s adjusted average daily rate of new COVID-19 infections at 7.2 per 100,000 residents, putting the county on the verge of leaving the restrictive purple tier.Leaving the purple tier would mean capacity at Pasadena’s indoor retailers could increase to 50%, and indoor dining could reopen at 25% of capacity along with movie theaters and museums. Gyms could open at 10 % of capacity.In order for that to happen, the case rate would have to fall to seven infections per 100,000 residents and maintain that level for two weeks.The state updates tier assignments for all 58 counties every Tuesday.To advance to a less-restrictive tier of the state’s blueprint for recovery, a county must meet all three metrics required by the state for at least two weeks.“We are moving in the right direction, a direction that will hopefully lead to us moving forward on our recovery journey, where more of our young people can go back to school for on-site learning,” said county Public Health Director Barbara Ferrer.Ferrer said the county’s average number of daily new COVID cases has fallen below 1,000, marking a return to “the levels we saw before the [winter] surge. These declines are real and we’re grateful for the choices made and the work done by everyone — individuals and businesses — that is making this possible.”She said the daily average testing-positivity rate over the past seven days has dropped to about 3%.“That’s actually the lowest it’s ever been since we’ve been offering testing in the community,” Ferrer said. “So yes, testing is down, but community transmission is also down as well, and that also drives a reduced demand for testing — less people have symptoms, less people feel sick, less people feel like they’ve had an exposure.”To advance to the “red” tier, the county needs a new daily case rate of between 4 and 7 per 100,000 residents, along with an average testing positivity rate of 5% to 8% and a “health equity quartile” — a measurement of a county’s efforts to control the virus in disproportionately impacted communities — of 5.3% to 8%.Los Angeles County’s testing positivity rate is 3.5% and the equity quartile is 5.1%, both good enough to actually qualify the county for the even less-restrictive “orange” tier of the four-level state blueprint. To advance to that tier, the county’s new case rate would have to drop to between 1 and 3.9 per 100,000 residents.The county has been on the verge of exiting the “purple” tier before, meeting all the required metrics last fall. But the county was unable to maintain the metrics for the required two-week period, as case rates began to rise and eventually devolved to the winter surge.Even if the county does move up to the “red” tier, it would still be up to county health officials to decide whether to actually loosen the business restrictions. Counties are permitted to impose more stringent restrictions than the state.The county’s state-adjusted rate of new cases has been rapidly falling in recent weeks, from about 28 per 100,000 residents three weeks ago to 20, then to 12.3 last week.With more groups of workers becoming eligible for vaccines on Monday, Ferrer again urged people not to make vaccination appointments if they are not in an eligible group. She said health officials “constantly get reports” about people gaming the state’s MyTurn computer system to make appointments regardless of their eligibility.“If you were able to make an appointment but you’re not in one of the eligible groups, please cancel your appointment,” she said. “Don’t take away an appointment from an eligible worker and please don’t come to the vaccination site, because you will need to be turned away.”The county on Monday reported another 32 COVID-19 deaths, along with 987 new cases. The numbers tend to be artificially low on Mondays due to lags in reporting from the weekend.The new deaths increased the countywide death toll since the start of the pandemic to 21,467. Community Newscenter_img More Cool Stuff Your email address will not be published. Required fields are marked * Top of the News STAFF REPORT First Heatwave Expected Next Week STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Community News Make a comment Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

25 May

Councillors will not sanction any interference with Leck Cemetery – Brogan

first_img Home pageA Letterkenny councillor has said there is no way that Leck Cemetery will be encroached on in any future road projects.Cllr Ciaran Brogan was speaking after it emerged that some options for the proposed Southern Relief Road would involve the exhumation and reinterment of up to three graves in the South West corner of the cemetery.He told this morning’s Nine ’til Noon Show that all local councillors have made it clear to the TII that they will reject any proposal that involves interfering with Leck……….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/05/cbgraves1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. FT Report: Derry City 2 St Pats 2 By News Highland – May 25, 2018 AudioHomepage BannerNews Twitter Facebook Previous articleNumber of people waiting on a bed at LUH dropsNext articleSteady turnout reported at Donegal polling stations News Highland Google+ Twitter Councillors will not sanction any interference with Leck Cemetery – Brogan Pinterest WhatsAppcenter_img WhatsApp News, Sport and Obituaries on Monday May 24th Harps come back to win in Waterford Pinterest Google+ Journey home will be easier – Paul Hegarty Derry draw with Pats: Higgins & Thomson Reaction Facebook DL Debate – 24/05/21 RELATED ARTICLESMORE FROM AUTHORlast_img read more

25 May

Woman makes emotional plea after elderly mother’s house ransacked

first_imgA local woman has made an emotional plea for information after her elderly mother’s home was broken into and ransacked.Thieves targeted the house in Convoy at some stage on Thursday night and Friday morning last making off with a sum of money and jewelry of huge sentimental value.Gardai are continuing their investigation and anyone with information is being urged to come forward.The woman, who is 80, was not at home when the break in occurred.Her daughter Neena spoke on today’s Nine Till Noon Show:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/06/convoxdfgdfgdfgdfy1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest Arranmore progress and potential flagged as population grows Community Enhancement Programme open for applications Twitter RELATED ARTICLESMORE FROM AUTHOR WhatsApp WhatsApp By News Highland – June 17, 2019 Facebook AudioHomepage BannerNews Woman makes emotional plea after elderly mother’s house ransackedcenter_img Pinterest Nine til Noon Show – Listen back to Monday’s Programme Previous articleDonegal’s Finesse represent Ireland at this year’s World GynaestradaNext articleRonan Curtis says Portsmouth will chase promotion to Championship News Highland Important message for people attending LUH’s INR clinic Twitter Google+ News, Sport and Obituaries on Monday May 24th Facebook Loganair’s new Derry – Liverpool air service takes off from CODA Google+last_img read more

18 May

Commissioner’s anger brings shake-up

first_img Previous Article Next Article The Metropolitan Police is to introduce training in stop and searchprocedures after the new commissioner revealed he had twice been angered by theattitude of officers who stopped him.Sir John Stevens says he “bristled” at the rudeness of one officerwho stopped him in London three years ago. At the time, he was working for HerMajesty’s Inspectorate of Constabulary.In the extraordinary admission he said, “I could feel my hacklesrising. I was not doing anything remotely suspicious but he still stopped me.”Eventually I had to stop him and have a word with him about the way hewas going about things.”He said he was also angered by the attitude of an officer who stopped him inthe Midlands seven months ago.Sir John has now asked for a set of “principles of practice” to bedrawn up for use in stop-and-search training. At present, officers do notreceive training.The Met is facing a recruitment crisis and needs to attract 180 new officersa month. Commissioner’s anger brings shake-upOn 8 Feb 2000 in Personnel Today Related posts:No related photos. Comments are closed. last_img read more

9 May

Shedding new light on the life cycle of mackerel icefish in the Southern Ocean

first_imgMackerel icefish have a widespread distribution in the Atlantic and Indian Ocean sectors of the low-Antarctic region. Biological characteristics differ considerably between populations in the southern Scotia Arc and those living further to the north. Fish living in the north mature 1 year earlier than in the south. They have a much shorter life span and die after they have spawned two to three times. The number of eggs produced per gram of body mass is higher in the north. Stocks have declined in most parts of the distributional range due to the impact of fishing and due to natural causes. Increases in populations of Antarctic fur seals at South Georgia and parts of the Indian Ocean appear to have led to increased predation on stocks of icefish. Shifts in hydrological regimes in the northern part of the distributional range have either started to lead or will lead to deteriorating living conditions for mackerel icefish in the near future. Fish stock assessment needs to take these constraints into consideration when providing advice on total allowable catches for fisheries management.last_img read more

7 May

Is this the strangest lot to ever be offered for sale at auction?

first_imgHome » News » Auctions news » Is this the strangest lot to ever be offered for sale at auction? previous nextAuctions newsIs this the strangest lot to ever be offered for sale at auction?A single room that cannot be accessed from the outside and has never been seen by the auction house offering it up for bids, could go for just £100.Nigel Lewis30th January 202001,254 Views An auction house in Norwich has begun marketing one of the strangest lots to ever be offered for sale in the UK… with an opening bid price of just £100.William H Brown, part of the Sequence family of estate agencies and auctioneers, has included a ‘single room’ for sale on Nene Quay in Wisbech, Norfolk, within its latest catalogue.Lot 25 is offered as a flying freehold and is a derelict room over a vehicular access road between two historic buildings in the riverside market town, which is known as the ‘Capital of the Fens’.Victoria Reek, auction manager for William H Brown’s East Anglian auction centre, told local media that it was one of the most unusual lots she had ever come across.Major catchBut the bargain property comes with a major catch. Not only does Reek admit that she has very little information about the boarded-up space, but the auctioneer also says that William H Brown staff have yet to find out how to gain access to the property.The firm’s catalogue says the inaccessible room covers approximately 12 sq metres and would be ideal as a store room for local traders… or maybe a very modest pied-à-terre.“There is no way in or out from the outside, [but] we have been instructed to sell it and we’re starting the price off at £100,” she said.The auction house is selling the property on behalf of Fenland District Council. The auction takes place on February 20 at Dunston Hall Hotel in Norwich at 11.30am.wisbech Victoria Reek Norwich William H Brown January 30, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more