This property is a fourth-floor two-bedroom flat situated in a purpose-built block, close to local shops and amenities, with easy access to Dane Park and Margate rail station. The flat is held on a 114-year lease from 1961, with approximately 50 years unexpired. The property is currently subject to an Assured Shorthold Tenancy, producing £10,800 per annum in rent. The flat comprises a reception room with open-plan kitchen, two bedrooms, and a bathroom. Buyers should be aware that, as the lease is short, they will need to pay a premium to the freeholder if they wish to extend the lease to 90+ years. The property is being sold by online public auction on August 6th, 2025, with a guide price of £35,000-£75,000.