A modern apartment block in Southampton, comprising 38 flats with parking, is being sold by public auction on July 29, 2025. The headlease, dated 2020, has a 999-year term, with a ground rent payable to the freeholder (Southampton City Council) of £1 per annum. The ground rent 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 or shared ownership. The property is located in the dockland riverside area of Southampton, on the westerly bank of the River Itchen. The guide price for the property is not a valuation or assessment of its 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, and the seller may charge additional fees upon completion, if applicable.