Initial price	£40,000
26/07/25	£20,000
Price Change	-50.00%

This property is a headlease and ground rent investment opportunity, comprising a 24-flat apartment block with parking and a ground-floor commercial unit. The headlease is for 999 years, with a ground rent payable to the freeholder (Southampton City Council) of £1 per annum, which is linked to the Retail Price Index (RPI). The current total ground rent is £6,000 per annum. The property is located in the dockland riverside area of Southampton, and is to be sold by public auction on July 29, 2025, with online bidding available. The guide price is not a valuation or assessment of value, but rather an indication of the region at which the reserve may be set. The buyer will be required to pay a contract documentation fee of £1,500 (inclusive of VAT) and may be subject to additional fees payable upon completion.