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The 'axe' Hendrix famously ignited is expected to cost around £250,000

The 1965 Fender Stratocaster guitar that Jimi Hendrix famously set fire to at the London Astoria on March 31, 1967 is set to be auctioned this summer.

The guitar, which is expected to raise around £250,000 at auction, had been kept in storage for the past 40 years.

The guitar features on the cover of the forthcoming August issue of Guitar And Bass Magazine, on newsstands from June 20.

The magazine features an interview with Tony Garland, Hendrix‘s former manager.