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Sale of Gray's Court

Published Thursday 24th March 2005 by Eleanor Course

The Dean and Chapter have sold Gray’s Court.  This building is not part of the historic endowment of the Minster.  The building was bought from the Gray family in the late 1940s, and has been let to St John’s College since 1959.  Since the College expanded their campus on Lord Mayor’s Walk, they no longer need Gray’s Court, and have recently terminated the lease. 

 

Following this decision by St John’s College, the Dean and Chapter had three options: to find another tenant, to use the property for our own purposes, or to sell it.  After taking advice from our Property Agents, Carter Jonas, and the Minster Finance Committee, the decision was made to sell Gray’s Court. 

 

The money from the sale will be reinvested within the Dean and Chapter’s investment portfolios, and will not be used to fund the work on the East End of the Minster.

 

The property was sold following a guide price of £1.5m and the new owner proposes to use it as a private house.