This advertisement appeared in Morning Herald (London) – Thursday 13 August 1807:
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Regency Advertisements: Leasehold Estate
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It is sometimes difficult to make sense of all the real-estate notices. A building might be for sale but the land under it is not. In this case, it seems that the three buildings were being sold. The buildings were already rented to people who had a sixty year lease. It isn’t clear if the land is for sale or just the rented properties with the rents, of course. Then there were copy hold properties with a specific restriction. A few are fee simple, or in fee which was complete ownership. Most of the newspaper notices of property sales had them sold by auction. Property in the West End/Mayfair/ Westminster was quite often owned by one or two families with everyone else building houses on leased land. They owned the house but never the land. In the USA we are accustomed to buying the land as well as the house.
Thanks for the detailed comment, Nancy. This notice was listed in the section of the paper Property for Auction, but like you I assumed that it was for the buildings and not the land.