This is an auction sale of a headlease interest only investment opportunity for a modern apartment block in Southampton, comprising 46 flats with parking. The headlease is dated 2021 for 999 years, with a ground rent payable to the freeholder (Southampton City Council) of £1 per annum. The flats have been sold off on 150-year leases, with 17 of them exempt from paying ground rent due to being help-to-buy or shared ownership. The current total ground rent is £7,043 per annum, linked to the Retail Price Index (RPI). The property is located in the dockland riverside area of Southampton, with easy access to the city center. 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 and may be subject to additional fees payable upon completion.