This property is a freehold ground rent investment, secured on six purpose-built flats and garages in a block with parking facilities and communal garden areas. The property generates a total current ground rent of £72 per annum. Three of the flats have valuable reversion potential in approximately 40 years, with leases expiring in 2065. The remaining three flats have already had their leases extended, with the ground rent reducing to a peppercorn in 2065. The property is being sold at auction on April 15, 2025, with a contract documentation fee of £1,500 payable to the auction house. The guide price is intended to provide an indication of the reserve price, which may be subject to variation.