Lot 125 - Two 3-Bedroom Flats Plus Freehold Interest in Four Further Flats
ONLINE AUCTION from 6th October-8th October 2026
Freehold residential investment opportunity comprising the freehold interest in a substantial four-storey building arranged as six self-contained three-bedroom flats.
The sale includes two three-bedroom flats together with the freehold interest in the four remaining flats within the building.
The four leasehold flats are stated to have approximately 70 years remaining on their respective leases, providing the purchaser with the benefit of the freehold interest and potential future income or premiums associated with lease extensions.
We have been advised by the landlord that each of the four leasehold flats pays ground rent of £250 per annum together with a 12% service charge.
Of the two flats included within the sale, one is currently let at £900 per calendar month, while the other, situated on the lower ground floor, is vacant and requires refurbishment. We have been advised that the lower-ground-floor flat has a potential rental income of approximately £1,100 per calendar month once the necessary works have been completed.
The building extends to over 3,000 sq ft and has recently benefited from a number of improvements, including new lead roofing and a new boiler to the landlord's flat in 2025. We have also been advised that works have been undertaken to bring the building up to HMO compliance, including new fire doors, fire alarm systems, heat sensors, detectors, signage and emergency lighting.
The property also benefits from a small garden.
This represents an interesting opportunity for landlords and residential investors to acquire two three-bedroom flats together with the freehold interest in a further four leasehold flats, providing existing rental income, refurbishment potential and longer-term asset management opportunities.
One of the two flats included within the sale is currently stated to be let at £900 per calendar month.
The lower-ground-floor flat is currently vacant and requires refurbishment.
The remaining four flats are held on long leases with approximately 70 years unexpired. We have been advised by the landlord that each pays £250 per annum ground rent together with a 12% service charge.
Full tenancy and lease details are to be confirmed within the legal pack.
Freehold, including two flats with no leases in place and the freehold interest in the four remaining leasehold flats – to be verified by solicitor.
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Lot 125 - Two 3-Bedroom Flats Plus Freehold Interest in Four Further Flats
Paul Fosh Auctions
James Hollingsworth
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