This property is a twelfth-floor two-bedroom flat with sea views, situated in a purpose-built block in Margate. The property is held on a 114-year lease from 1961, with approximately 50 years unexpired. It is currently subject to an Assured Shorthold Tenancy, producing £10,800 per annum. The flat comprises a reception room with open-plan kitchen, two bedrooms, and a bathroom. The property is located close to local shops and amenities, with easy access to Dane Park and Margate rail station. It is being sold by online public auction on May 29th, 2025, with a guide price of £65,000+. However, it is important to note that the property has not been inspected by the auction house, and buyers should be aware that the property has a short lease, which may require the payment of a premium to extend the lease to 90+ years.