This vacant ground floor one-bedroom flat is being sold by online public auction on August 7, 2025, with a guide price of £60,000+. The property is held on a 99-year lease from March 9, 2011, with approximately 85 years remaining. A section 42 notice will be served to extend the lease prior to completion, and the rights will be assigned to the incoming buyer. The flat is situated on a residential road close to local shops and amenities, with Mermaid Beach open spaces nearby and Folkstone Central rail station providing transport links. The property comprises a ground floor one-bedroom flat with a reception room, open-plan kitchen, bedroom, and bathroom. It's important to note that as the lease is short, the buyer will need to pay a premium to the freeholder to extend the lease to 90+ years, and the freeholder has the right to refuse the offer and submit a counter notice with their suggested price.