YO! Liverpool
Results 1 to 3 of 3

Thread: Lodge Lane Bogs

  1. #1
    Creator & Administrator Kev's Avatar
    Join Date
    Aug 2005
    Location
    Under The Stairs >> Under The Mud.
    Posts
    7,504
    Thanks
    11
    Thanked 13 Times in 11 Posts
    Blog Entries
    4

    Exclamation Lodge Lane Bogs

    Liverpool toilet block sold for £90,000

    Feb 23 2008


    lodge lane toilets

    A TURKISH businessman splashed out a staggering £90,000 on a Liverpool loo.

    Retired construction company director Ilhami Yumak bought the rundown Toxteth toilet block as a present for his daughter.

    The Lodge Lane lavatories sparked an intense bidding war when they went under the hammer.

    Stunned onlookers watched as the tiny building, which still boasts its traditional Ladies and Gentlemen signs, sold for nine times the asking price.

    The Turkish property owner, who worked for French company Lafarge, bought the one-storey block for his student daughter Tugba Yumak.

    Tugba, 26, hopes to eventually transform the property and neighbouring land – which her family already own – into 18 luxury apartments and eight shops.

    The University of Liverpool graduate said: “The bidding nearly stopped at £30,000 and then somebody else increased it.

    “I was shocked when my father phoned me and said he bought it for £90,000.

    “He was ringing people in Turkey to see if we could sell our property there and maybe his car.

    “My father wanted to buy it as an investment for my future. When I realised the property was going to be auctioned I thought I have to have it.

    “I don’t want to be dependant on my father while I’m studying for my PHD so that’s why he bought this for me.”

    Tugba added: “Financially I’m not in the position to start a long-term project as I am going to start my PHD.

    “So, for the short term, I would like to restore it and divide it into shops to rent.

    “I hope it will be a good thing for Liverpool and will increase the value of other properties in the area.”

    Competition for the public lavatories stunned staff at the city’s Sutton Kersh auction house.

    Director James Kersh said it was some of the most frenzied bidding he had ever seen.

    He said: “It certainly raised a few smiles and the gags were flying around the room before the serious bidding started.

    “But it was the ideal auction scenario. The only true way to measure a property like this is to put it on the free market.”

    Liverpool City Council said it no longer needed the toilet block.

    The local authority also sold loos in nearby Aigburth Road last December for a whopping £92,000.

    A spokesman said: “We sold some of our public toilets to make savings.

    “Some were surplus to requirements and obviously they cost money to maintain.

    “Toilets can also be a target for anti-social behaviour.

    “The price for this one certainly exceeded what we hoped,” he added.

    But British Toilet Association director Richard Chisnell said: “We’re not against selling toilets.

    “But Liverpool, particularly in Capital of Culture year, needs to ensure it has enough of them.

    “More tourists might be visiting the city this year.


    ADVERTISING




    “But where are all those people going to relieve themselves?”
    YO! Liverpool has taken me 10 years to develop and maintain.
    If you like the website, please
    donate via PayPal!




    Thank you



  2. #2
    PhilipG
    Guest PhilipG's Avatar

    Default

    I wish them the best of luck, but I wouldn't have thought Lodge Lane was the best place in Liverpool to invest.
    Admittedly, it's been a few years since it was my local shopping street, but to convert loos into shops in an area where every other shop is closed seems a bit strange.

    But, plans have been passed for a housing development next to the library, so who knows?

  3. #3
    Senior Member naked lilac's Avatar
    Join Date
    Mar 2007
    Location
    Hawaii, USA
    Posts
    441
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    As stated , in the article: The Turkish owners supposively already owned the neighboring land? Thusly, keeping this all in the family, and a bit more cushion for their pockets...

    She also goes on to say, she will keep working toward her PHD.. but, in the interim, try and make a go out of this real estate too.. Ya really can't go wrong if you have the bucks to invest in land.. and development.. A smart and caring Dad ...and, she is keeping this Monopoly in her future interest of wealth .... Turkey, must not be a world of opportunity? And they are making Liverpool their opportunity now...

    A few developments in Hollywood, California.. (sorted as low income..non impressive land etc. etc..) have now become saught after apt. lofts and redevelopement of the area...

    So, only goes to show.. If you have a few bob to put down.. and an eye for the future.. your future can become bright..
    Someones eye sore.. is anothers future if ya just know when and how to jump on the opportunity...

Similar Threads

  1. old chipy on lodge lane liverpool
    By louisexxx in forum Liverpool's Environment Chat
    Replies: 4
    Last Post: 01-08-2011, 09:02 AM
  2. Lodge Lane Baths
    By briden27 in forum Liverpool South Central
    Replies: 2
    Last Post: 11-13-2008, 07:47 AM
  3. Off Lodge Lane
    By knowhowe in forum Misc. Old Photographs & Images of Liverpool
    Replies: 13
    Last Post: 03-18-2008, 01:00 AM
  4. Lodge Lane
    By GhostSearch in forum Exploring Merseyside
    Replies: 7
    Last Post: 12-17-2006, 08:15 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

For daily updates, to support us further or to join in the conversation: Follow us on Twitter @YOLiverpool / Like our Facebook Page: @LiverpoolInPictures / Join the Facebook Group: Liverpool In Pictures (YO! Liverpool)

YO! Liverpool has taken me over 10 years to develop and maintain. If you like the website, please donate via PayPal!