Devon boatshed sells for £402,000 - Update

A boatshed in an exclusive yachting resort in south Devon has fetched £402,000 at auction.



Auctioneer Bob Petit said the shed exceeded the £250,000 guide price after "lots of lively bidding".

The waterside shed, with green painted double doors and a sloping corrugated iron roof, is situated between two other buildings in Salcombe.

Mr Petit, of Charles Head & Son, said the sum was a record for a property of its size in the area.

There were seven or eight bidders for the boatshed, which eventually went to a Devon man with interests in the resort who is also a keen yachtsman.