Summary - 62 FLAT 1 ELMSLEIGH DRIVE LEIGH-ON-SEA SS9 3DN
1 bed 1 bath Not Specified
Four-flat freehold building sold at auction — freehold only, flats excluded..
Freehold building containing four self-contained flats and four garages
Each flat sold on 199-year lease from 25/12/1970 (long leases)
Freehold ground-rent investment — flats NOT included in sale
Auction sale: 9th October 2025, bidding in person/telephone/online/proxy
Building and flats not inspected by auctioneer; external viewings only
Price guide shown £10,000 — check legal pack and auction conditions
Public notice/repossession flagged; buyers must satisfy legal enquiries
Close to local shops, good broadband, excellent mobile signal
A rare freehold ground-rent investment opportunity comprising a detached mid-20th-century building containing four self-contained flats, each sold on long leases and each with its own garage. The flats are let on 199-year leases from 25 December 1970, creating long-dated leasehold income streams; the sale is for the freehold interest only.
This lot will be sold at public auction on 9th October 2025. Bidding is available in person, by telephone, proxy and online. The property is being offered with external viewings only and the building and flats have not been inspected by the auctioneer; purchasers must rely on the legal pack and their own enquiries.
Key strengths include the freehold title for a building with four separate long leases and four garages, located close to London Road shops and local amenities, with fast broadband and excellent mobile signal. Material considerations are significant: the flats themselves are not included in the sale, the building has not been internally inspected, and this is a specialist ground-rent investment requiring careful review of the leases, service arrangements and any obligations appearing in the legal pack.
This lot suits an investor or portfolio purchaser looking to acquire a long-dated ground-rent asset for future income or capital strategies. Seek professional legal and survey advice and review the auction conditions and the full legal pack before bidding.
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