Initial price	£55,000
26/07/25	£30,000
Price Change	-45.45%

This is an auction sale of a headlease and ground rent investment opportunity, to be held on July 29, 2025. The property is a modern apartment block in Southampton, comprising 38 flats with parking, and has a headlease dated June 2020 for 999 years. The ground rent is payable to the freeholder, Southampton City Council, and is currently £8,239 per annum, linked to the Retail Price Index (RPI). Four of the flats are exempt from paying ground rent due to being help-to-buy/shared ownership. 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 need to pay a contract documentation fee of £1,500 (inclusive of VAT) and may also be subject to additional fees payable upon completion, as detailed in the Special Conditions of Sale.