This vacant fourth-floor two-bedroom flat is being sold by public auction on October 17th, 2025, and is available for £45,000+. The property is leasehold, with approximately 50 years unexpired on the 114-year lease from 1979. It is located on a residential road near local shops and amenities, with easy access to Dane Park and Margate rail station. The flat features a reception room, kitchen, two bedrooms, and a bathroom, and benefits from a lift and residents' parking. However, it's important to note that the property has a short lease, and if the buyer wishes to extend it to 90+ years, they will need to pay a premium to the freeholder. The buyer will need to understand the process of serving a Section 42 notice and negotiating a lease extension with the freeholder.