Freehold Purchase by lessee

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    Freehold Purchase by lessee

    I currently own a freehold ground rent, I do not live there but the house is converted into two flats.

    One of the lessee's has approached me and asked if I could say a price for a lease extension and if I was willing to sell the freehold. It was my intention to hold the freehold and eventually buy both the lessees out but as one of them want to purchase the freehold I'm considering selling it.

    My question really is how to value the freehold as he does not want to purchase it with the other lessee but on his own so no leasehold enfranchisement. I know its normally 14-17 YP if buying not as a tenant, but as the ground rent is only £75 per flat and rising with only 72 years left is there any valuation method? Or shall I just name a price and see from there?

    I've already worked out the cost of a lease extension using sgclacy's amazing calculation method! thanks btw!!

    Thanks for the help!

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