Central London shop On The Beat Records for sale on eBay


The oldest record shop in central London is up for auction on eBay, after the owner decided to "let another passionate music lover take over".

On the Beat Records, on Hanway Street, near Tottenham Court Road, was established in 1979, and specialises in rock, soul, blues, folk, funk and indie music. But founder Tim Derbyshire says it's time for a new owner who wants to live the 'High Fidelity' lifestyle - but who isn't looking to get rich.

"If you're at the stage in your life when you don't have to worry about making money but can live the bohemian life, meet interesting people every day and the occasional pop or rock star, here's your chance to take over the oldest record shop in the centre of Swinging London," he says in the listing.

"Without someone buying it, it will disappear. If you're mad about music, love vinyl and want to keep the dream alive, here's your chance to take on an Aladdin's Cave of musical gems."

The shop, including all the fittings and stock, has a 'Buy it now' price of £300,000, but hasn't yet sold. However, there's plenty of time: the auction runs until 25 November, and there are 839 watchers (at the time of writing). Seven offers have been made, of which one has already been turned down.

But if there's £300,000 burning a hole in your pocket, there are other current options on eBay. For somewhere rather more peaceful, for example, there's 280-acre Esthwaite Water. The Lake District's largest privately-owned lake and a place of inspiration for William Wordsworth and Beatrix Potter, it's the first lake ever to be listed on the site.

And the business opportunities are endless. If you're not a music buff, for example, other options currently up for grabs on the auction site include a portable crazy golf course (£6,000), a £10,000 bungee trampoline business and an £18,000 fancy dress shop.

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