Neverland Ranch ‘faces demolition’ after Jacko allegations ‘make it unsaleable’

The chances of Michael Jackson's Neverland Ranch being sold is becoming so slim to the point that property experts believe the tainted estate will 'have to be demolished'.

The allegations of child sex abuse that have come to the fore again following the airing of controversial HBO documentary Leaving Neverland, has led to interest in taking on the sprawling estate being next to nothing.

The 2,700-acre property in California has had its price slashed from $100 million (£75m) in 2015 to $31 million (£23m) today but there is still no prospective buyers, after details of alleged abuses there were revealed.

It has been ten years since Michael Jackson passed away and the King of Pop's legacy has been destroyed by the allegations made by Wade Robson and James Safechuck in Dan Reed's documentary.

They both said that Jacko abused them at the Neverland Ranch, when they were aged between seven and 11 years old.

With no prospective buyers for the infamous property, Ruban Selvanayagam, co-founder of housebuyers Property Solvers, has said that demolition may be the only way forward.

Speaking to Daily Star Online , Ruban said that the Ranch's owners might 'cut their losses' and raze the property to the ground and 'start again'.

He said: "I suspect most of it will be demolished as I doubt many developers would want to maintain Michael Jackson's legacy after these shocking allegations.

“Perhaps someone may think that Neverland could be rebranded somehow, but this would be doomed to failure in my view.”

He added that the "dark cloud surrounding Michael Jackson will be factored into the purchase price," but this still hasn't piqued any interest.

Jackson bought the estate in 1988 but it has become synonymous with abuse allegations over the years, with Leaving Neverland bringing it back into the public eye again, almost quashing any thought of selling the property in the near future.

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Michael Jackson

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