<|start_header_id|>assistant<|end_header_id|> Here is a summarized version of the property description in a single paragraph: This eighth-floor studio apartment is located in a historic Grade II listed building in the heart of Margate, just a short stroll from Dreamland, Margate Main Sands, the Turner Contemporary, and the Old Town. The studio offers bright open-plan living and a modern bathroom, making it an ideal investment opportunity or a great base for those seeking a coastal lifestyle. The property is currently achieving approximately £550 per month in rental income, offering a potential gross yield of 11% to 13.2% depending on the purchase price, which is guided at £50,000 to £60,000. With 67 years remaining on the lease, this property is a great opportunity for cash buyers seeking a solid investment in a rapidly developing seaside town.