2007
Moving House
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Redcap, 16 Henver Road, Newquay
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Roseveare House, Gothers
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In the latter months of 2006, the Fort Wayne Hotel, which was next door to us and the Kellsboro Hotel, which was two doors away, were sold to a Property Development Company named Penpol.
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2006 - Fort Wayne & Kellsboro Hotels
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It occurred to us and our neighbours, whose name I shall not give that it may be a good idea to approach Penpol and find out whether or not they were interested in buying our properties. This we did and much to our delight they did want them, particularly Redcap. One of the reasons for this was that we had put in objections to the development that was planned and one of these objections was upheld, meaning the the plans had to be adjusted. If Penpol owned Redcap, then they could revert to the original plan.
I should point out that the following circumstances concerned with the sale are in accordance with our memories. If the neighbours were to be asked, I am sure that they would disagree quite strongly.
The original deal with Penpol was that the two properties would be sold as one and that we would be responsible for sharing the money. The price was set at £880,000, which was well over the market value. I got all four of us together and wrote a little contract to set out the deal and all four of us signed it. Shortly afterwards, the neighbours decided that their house was worth more than ours and they wanted £10,000 more than us. Having thought about this, and desperate to move, Maria and I agreed that they could have £445,000 and we would take £435,000, a difference of £10,000. We told our neighbours, whereupon we were told that these figures were not correct and that as their house was, in their opinion, worth £10,000 more than ours then they should get 450,000, making our share £430,000, a difference of £20,000. As Mrs Neighbour told me, she had been in business for a long time and there was nothing that I could tell her about finances! One of the next things that happened was that we received a very nasty letter from the neighbours complaining of our attitude. Oh how I wish that I still had it. At this, we got fed up and approached Penpol and told them that we would accept £430,000 but that we wanted to be dealt with separately. Penpol, to whom I gave the letter, did not want us to accept the lower offer but did agree to deal with us separately. When we found Roseveare House, the family who owned it wanted to complete on September 17th 2007. Penpol’s normal completion was 100 days but, in the circumstances they agreed to reduce that to 60 days for us, as long as we said nothing to our neighbours. They also said that we could have two days grace and actually move out on the 19th September. Our two months went by and we got ready to move. On 17th September we were packing some boxes into the car when Mrs. Neighbour came out and asked us what we were doing. When I said that we had signed the contract and were moving out, she apparently went straight to Penpol demanding that their contract be completed. Penpol refused saying that the timescale was 100 days; if on the other hand, they would accept £400,000, the contract could be speeded up. That brought about a very swift refusal so they had to wait until January. When January came round, Penpol was in financial trouble and subsequently went bankrupt. In the meantime, the Neighbours had stripped their home, taking off the front porch, conservatory and garage door, removing the carpets and all the central heating so that the house was no longer fit to live in. They are still living in that house, having spent a fortune putting it back together. I shouldn’t gloat but the situation occurred partly because of their greed. I wonder whether our neighbour still thinks of herself as Mrs Financial Whizz.
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