Where can I get such a capital return?
By: Web Editor
I READ with interest in Towpath Talk on page 1, ‘Wharf deal boost for trust funds’ (News, Issue 76, February).
It says the ground rent will produce £6 million and that £52.4 million capital will be available by 2016. Robin Evans is quoted as saying: “The enhanced ground rent plus the additional income as a consequence of reinvesting the capital payment will generate nearly £10 million in annual income.”
Deducting £6 million from £10 million gives £4 million; £4 million is a return of about 8%. I would very much like to know where I can invest to get a return like that.
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