This ground floor one-bedroom flat is located on a residential road, close to local shops and amenities, and within walking distance to Osborne Road Park. The property is held on a 99-year lease from 1969, with approximately 44 years unexpired. The flat is situated within a purpose-built block and comprises a reception room, kitchen, bedroom, and bathroom. It is currently subject to an Assured Shorthold Tenancy, producing £13,800 per annum, with a rent of £1,150 per month. Note that the property has a short lease, and if the buyer wishes to extend the lease to 90+ years, they will need to pay a premium to the freeholder. This is a rare opportunity to purchase a leasehold property at auction, with a guide price of £100,000+.