This fourth-floor two-bedroom flat is being sold by public auction on April 23rd, 2025, with a guide price of £40,000-£80,000. The property is held on a 114-year lease from 1961, with approximately 50 years unexpired. It is situated in a residential area near local shops and amenities, with Dane Park and Margate rail station nearby. The flat itself is a self-contained unit with a reception room, open-plan kitchen, two bedrooms, and a bathroom. It is currently subject to an Assured Shorthold Tenancy, producing an annual rent of £10,800. Buyers should be aware that if they wish to extend the lease to 90+ years, they will need to pay a premium to the freeholder, which can be a complex and costly process.