Initial price	£35,000
26/07/25	£20,000
Price Change	-42.86%

This is an auction sale for a headlease and ground rent investment opportunity in Southampton, featuring a 24-flat apartment block with parking and a ground-floor commercial unit. The headlease is dated 2020 for 999 years, with a ground rent payable to the freeholder (Southampton City Council) of £1 per annum, currently totaling £5,190 per year. The ground rent is linked to the Retail Price Index (RPI). The property is located in the dockland riverside area, with the flats sold off on 150-year leases and the commercial unit on a 999-year lease. The guide price is intended to provide an indication of the reserve price, and the seller may charge additional fees upon completion. The property will be sold by public auction on July 29, 2025, with online bidding available.