This vacant one-bedroom flat is being sold by online public auction on December 11, 2024, with a guide price of £165,000+. The property is located in the desirable area of Paddington, close to local amenities and Hyde Park, and is accessible by Marble Arch underground station. The flat is situated on the fourth floor of a purpose-built block and features a reception room, kitchen, bedroom, and bathroom. However, it's worth noting that the property has a short lease, with approximately 35 years remaining, and the buyer will need to pay a premium to the freeholder to extend the lease to 90+ years. This process involves serving a Section 42 notice to the freeholder, and the buyer must have owned the property for at least two years to do so.