This is an auction sale of a leasehold first-floor flat, located off Princess Margaret Road, with a rent reserved of £7,920 per annum. The property is let on an assured shorthold tenancy and has a current rent of £660 per month. The flat has one bedroom, a reception room with an open-plan kitchen, and a bathroom/wc. The property is held on a lease for a term of 99 years, with approximately 57 years unexpired. The guide price is not a valuation or assessment of the property's value, but rather an indication of the region at which the reserve may be set. The property is being sold with a contract documentation fee of £1,250 (inclusive of VAT) payable to the auctioneers, and the seller may charge additional fees payable upon completion.