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Meesons Court, Grays Land for sale
Meesons Court, Grays
£8,000
Meesons Court, Grays
£8,000
Our Summary
- Freehold Investment Opportunity Meesons Court, Meesons Lane, Grays, RM17 5BFOffers Invited £8,000An excellent opportunity to acquire the freehold interest in a purpose-built block comprising four self-contained flats, each held on long leases
- Tenure: FreeholdLeases: Each flat held on a 125-year lease from Jan 2007Ground Rent: £100 per flat per annum (£400 total per annum)Insurance & Maintenance: Responsibility of the freeholder, with costs recoverable from the leaseholders under the lease termsFuture Potential: Attractive long-term reversionary interest and secure ground rent incomeSale Terms: Purchaser to pay the seller's reasonable legal costs in connection with the transactionOffers are invited for the freehold interest
Description
A freehold investment opportunity is available at Meesons Court, comprising four self-contained flats held on long leases. The freehold interest is being offered for sale, with each flat having a 125-year lease from 2007 and paying a ground rent of £100 per annum. The vendor is responsible for insurance and maintenance, with costs recoverable from the leaseholders. The property offers a low-maintenance investment with established leases and reliable income, making it an attractive opportunity for investors, private landlords, or portfolio buyers. Offers are invited for the freehold interest, with the purchaser responsible for the seller's reasonable legal costs. This is a unique chance to acquire a secure freehold with a long-term reversionary interest and steady ground rent income.