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Block of apartments for sale
Thomas Blake Avenue, SOUTHAMPTON
£25,000
Thomas Blake Avenue, SOUTHAMPTON
£25,000
Our Summary
- SUMMARYAUCTION SALE 29 July 2025 - > HEADLEASE INTEREST ONLY FOR SALE > Headlease & ground rent investment opportunity > For apartment block comprising 46 flats with parking > RPI linked ground rents – current total groundrents £7,043 PADESCRIPTION*** TO BE SOLD BY PUBLIC AUCTION ON 29TH JULY 2025 AT THE GRAND CONNAUGHT ROOMS, 61 - 65 GREAT QUEEN STREET, LONDON, WC2B 5DA (Online bidding available) ***TenureLeaseholdLease DetailsThe headlease is dated 26th March 2021 for 999 years from & including 26th March 2021, with a ground rent payable to the freeholder (Southampton City Council) of £1 pa
- AUCTION SALE
Description
A modern apartment block comprising 46 flats with parking is being sold by public auction on July 29, 2025. The headlease is for 999 years from March 26, 2021, with a ground rent payable to the freeholder (Southampton City Council) of £1 per annum, which is currently £7,043 per annum due to being RPI-linked. The block is located in the dockland riverside area of Southampton, and 17 of the flats are exempt from paying ground rent due to being help to buy/shared ownership. The property is being sold with a guide price, and the seller may charge additional fees payable upon completion. The auction will be held at the Grand Connaught Rooms in London, with online bidding also available.