Two long leases; freehold building sold at auction — flats excluded.
Freehold ground rent investment comprising two long-lease flats
A rare freehold ground-rent investment in Westcliff-on-Sea, this Victorian semi contains two self-contained flats sold on long leases. Both leases commenced 1 September 1976 for 199 years (approximately 150 years remaining), offering predictable long-term income from ground rents. The building sits close to Hamlet Court Road amenities and Westcliff station, with good digital connectivity and a garden to the rear.
The sale is for the freehold building only; the flats are NOT included. The property will be offered at public auction on 9th October 2025. External viewings only have been carried out and the building has not been inspected for the sale pack — purchasers must rely on the legal pack for lease and title details.
This lot suits investors seeking a straightforward ground-rent asset with long leases already in place and minimal management responsibility. Be aware of local context: the ward is classified as deprived with above-average recorded crime, and the sale is linked to a public notice/repossession. These factors affect letting risk and resale perception and should be factored into valuations.
Prospective bidders should consult the legal pack carefully for service charge, ground rent levels, and any covenants. The freehold is offered at auction; bidders can participate online, by telephone, or by proxy. No internal inspections or tenant access have been undertaken, so any physical condition matters are unknown and will be the buyer’s responsibility after completion.
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