This property is a headlease and ground rent investment opportunity, comprising a 24-flat apartment block with parking and a ground-floor commercial unit. The headlease is dated 2020 for 999 years, with a ground rent payable to the freeholder (Southampton City Council) of £1 per annum, which is currently £5,190 per annum due to RPI link. The property is located in the dockland riverside area of Southampton, on the westerly bank of the River Itchen. The flats have been sold off on 150-year leases, and the commercial unit has been sold off on a 999-year lease. The property will be sold at public auction on July 29, 2025, with a guide price and a contract documentation fee of £1,500 payable to the auctioneer. The seller may charge additional fees upon completion.