DN344SX
Freehold Investment Opportunity, St James Court, Grimsby, N. E. Lincolnshire, DN34
Rare opportunity to acquire Freehold Reversionary interest in Grimsby block of flats Multiple flats leased to long-term leaseholders Leases commenced on 6th April 1986 with ground rent doubling every 33 years Initial ground rent of £50 annually for the first 33 years, increasing to £100 for the next 33 years and then £200 for the remainder Ongoing ground rent income and potential future profits through lease extensions Some lessees have extended leases to 189 years at a peppercorn rent A dozen units remain on the residual 99-year terms Located in an established area with useful amenities and excellent transport links