This vacant first-floor studio flat is being sold by public auction on August 7th, 2025, with a guide price of £25,000+. The property is leasehold, with approximately 77 years remaining on the 99-year lease, which began on December 25th, 2003. Located on a residential road near local shops and amenities, the flat is situated in a detached corner building with a first-floor studio, kitchen, and bathroom. The property is within walking distance of Ellington Park and Ramsgate rail station, providing easy access to transportation links. It's essential to note that, as a short-lease property, the buyer will need to pay a premium to the freeholder to extend the lease to 90+ years, if desired, and should understand the process of serving a Section 42 notice and negotiating a lease extension.