Block of apartments for sale

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Block of apartments for sale

Freehold Investment Opportunity, St James Court, Grimsby, N. E. Lincolnshire, DN34
£96,000

Our Summary

  • The buyer stands to benefit from ongoing ground rent income and potential future profits through lease extension transactions
  • Don't miss this exclusive investment opportunity

Description

This rare investment opportunity presents a freehold reversionary interest in a block of flats in Grimsby, featuring multiple flats leased to long-term leaseholders. The property offers an attractive investment proposition, with ongoing ground rent income and potential future profits through lease extension transactions. Originally, all leases were of the same length, commencing in 1986, with ground rent doubling every 33 years. While some lessees have already extended their leases, a dozen units still remain on the residual 99-year terms. Situated in an established location with useful amenities and excellent transport links, this property presents an exclusive investment opportunity for savvy investors.
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