LETTER: Taking a risk on sale prices
The Gilbert Estate has rights to buy back ‘without restriction’ the downland farmland which the Estate was compulsorily required to sell to the Eastbourne council in 1929. The price must be determined by an independent valuer who will no doubt take into account that the net annual income from all four farms is ‘less than £60,000’. Once the council decides to offer the farms back to the Devonshire and Gilbert Estates there will be no turning back. The very real risks must be that the sales prices will be far less than the council has anticipated and the risks of development far greater.
MARION BOURNE
Baldwin Avenue