Charity landlord puts entire STREET up for sale for £1.6m - and residents aren't happy

 

Dock Road in Sharpness, Gloucestershire, is set to be auctioned next week by the Canal and River Trust, who has owned Sharpness Dock for 150 years. The single lot consists of 12 terrace houses, eight semi-detached and two detached properties, according to property auction house Allsop, which is handling the sale. Currently, the 'rare unbroken street' generates rents of roughly £168,000 for the Canal and River Trust. A spokesman for the trust explained how all the properties will be sold together as a single lot to a single buyer and it will bring 'no change to the residents' tenancy agreements', meaning 'nobody is required to leave their home'. Tenants, however, who were informed of the sale through a letter from Allsop, are 'shocked and worried' that a new owner would likely increase rents which would force them to leave.