A Vacant First Floor One Bedroom Retirement Flat
14 Priestley Court, Palmers Drive, Grays, Essex, RM17 5RX
A vacant first floor one bedroom retirement flat within a purpose-built building, benefiting from a residents lounge, communal gardens and allocated parking. Held on a leasehold with approximately 58 years unexpired. Eligibility requires the resident to be aged 55 or over.
Accommodation
- Reception Room
- Kitchen
- Bedroom
- Bathroom
Full description
A vacant first floor one bedroom retirement flat situated within a purpose built building arranged over ground and first floors. The property benefits from a residents lounge. The property comprises a reception room, kitchen, bedroom and bathroom on the first floor. The building benefits from communal gardens and allocated parking. The property is situated on a residential road close to local shops and amenities. The open spaces of Grays Chalk Quarry Nature Reserve are within easy reach. Transport links are provided by Grays rail station. The property is held on a leasehold basis with a 99 year lease from 1st January 1986, leaving approximately 58 years unexpired. To be eligible as a resident you must be aged 55 or over. Please refer to the legal pack for more information on eligibility. When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price.
Financial Tools
For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.
