Initial price	£45,000
12/04/25	£30,000
Price Change	-33.33%

This is a freehold ground rent investment property, secured on six purpose-built flats and garages. The property has three flats with valuable reversions in 40 years, with lease extensions granted for flats 3, 5, and 6, reducing the ground rent to a peppercorn in 40 years. The other three flats have valuable lease extension potential, with their leases expiring in 40 years. The current ground rent is £72 per annum, and notices have been served under Section 5 of the Landlord and Tenant Act 1987. The property also includes parking facilities and communal garden areas. The guide price for the property is £X, and a contract documentation fee of £1,500 is payable by the buyer.