Freehold building with two long-leased flats, garages and gardens — sold by auction, external viewings only..
Freehold building with two long-leased flats and ground rent income
A freehold ground-rent investment comprising a mid-century building containing two self-contained flats, each sold on long leases and each with a garage and garden. The flats themselves are NOT included in this sale — the lot is for the freehold interest only. The sales pack shows lease start dates (10/02/1975 and 24/06/1968) with 199-year terms; prospective purchasers must study the legal pack for full lease and ground-rent details.
The property is offered for sale by public auction on Thursday 9th October 2025 at 12:00pm (live-streamed). External viewings only; the building and flats have not been inspected internally by the auctioneer. This creates both a low-touch acquisition and a due-diligence requirement: the price reflects a freehold investment rather than vacant possession or immediate refurbishment access.
For an investor this is a straightforward ground-rent/freehold lot: long leases provide tenancy stability and the garages and gardens add locational value. The brick mid-century exterior suggests limited immediate capital expenditure to maintain the envelope, but internal common parts, lease obligations and any service arrangements should be checked in the legal pack.
Material cautions: the seller states no internal inspection was carried out and the flats are not included, so buyers cannot rely on condition reports for the flats. Purchase at auction is unconditional on completion deadlines and requires careful review of title, lease terms, ground-rent reviews and any management liabilities before bidding. Interested parties should obtain the legal pack and factor auction-related timelines into their purchase planning.
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