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Hayling Island Railway for sale

Discussion in 'Narrow Gauge Railways' started by 7143, Sep 9, 2019.

  1. 7143

    7143 New Member

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    An entire railway, complete with trains, a mile of track, and three stations on Hayling Island could be yours – for £300,000. The Hayling Island Railway Service has been put up for sale by its owner.The service comes with two diesel locomotives, five carriages capable of carrying 90 passengers, one mile of track, and three train stations along a seaside route....

    https://www.portsmouth.co.uk/news/p...-service-could-be-yours-for-300-000-1-9065136
     
  2. BiggerBob

    BiggerBob New Member

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    How do you assess whether the asking price is worthwhile?
     
  3. MrC

    MrC New Member

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    The advert I saw in one of the railway mags said £65K plus assets. By my reckoning that means the assets are worth £235K. I have no idea if this is reasonable or not. I hope it sells as it is a great little railway.
     
  4. 4073

    4073 New Member

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    It should be noted, the 2 Ruston's on the railway are both privately owned and not included with the sale. The 2 locos mentioned in the sale are Alan Keef Wk No.23 and Motor Rail Wk No.7199.
     
  5. MrC

    MrC New Member

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  6. Gladiator 5076

    Gladiator 5076 Well-Known Member

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    This was an item on the BBC South at lunchtime today.
     
  7. SpudUk

    SpudUk Member

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    Am I right in thinking it has now been sold?
     
  8. 4073

    4073 New Member

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    Having spoken to Bob Haddock recently. The railway is still up for sale.
     
  9. nine elms fan

    nine elms fan Member

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    Something fishy here, fishy/Haddock get it, eh eh no ah well please yourselves. :rolleyes:
     
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  10. martin1656

    martin1656 Resident of Nat Pres Friend

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    Has the sale floundered , needs to get its skates on, ;) seriously, its a shame that the miniature railway couldn't extend along the old track bed of the Hayling branch, towards Langstone
     
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  11. decauville1126

    decauville1126 New Member

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    'Eel be after ye if ye keeps goin' on like this! You'll be sent to t'other plaice.
     
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  12. 30854

    30854 Part of the furniture

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    Fishbourne? :Wideyed:
     
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  13. paulhitch

    paulhitch Guest

    It runs on business principles, i.e. not on WIBN
     
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  14. martin1656

    martin1656 Resident of Nat Pres Friend

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    And that's why its being sold, If the IOWSR was run on pure business grounds, not on past romantic memories then would it do so well? getting back to the sale, Its gone flat then, ( as in flat fish) :D
     
  15. martin1656

    martin1656 Resident of Nat Pres Friend

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    :eek: No, not the other plaice,
     
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  16. paulhitch

    paulhitch Guest

    No more fishy "witticisms" please. Bob Haddock wants to retire and how much he wants or can get for his business is entirely a matter for him.
     
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  17. GWR4707

    GWR4707 Resident of Nat Pres

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    If buying as a business I imagine that you consider what income it would bring each year and compare it to the rate of return you want from your money and thus you have a price? Alternatively it will depend on what you think you can use the land for/sell the assets for or alternatively how deep your pockets are and how wide your dreams are....
     
  18. SpudUk

    SpudUk Member

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    Two fundamentally different things - this line isn't even partly built on the old Hayling branch, and in this iteration was never intended to (indeed it hasn't even been an idea since the 80s). To do so it would literally need to go from one side of the town to the other.

    It was a shame they were never able to open the extension to connect with the Hayling Ferry, though whether that will survive for much longer is anyone's guess anyway
     
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  19. 30854

    30854 Part of the furniture

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    Was Bob the one who made the comment about needing a full planning enquiry before Hayling residents would allow a sandcastle on the beach?
     
  20. paulhitch

    paulhitch Guest

    I cannot remember but I don't disagree with the analysis.:rolleyes:
     

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