This leasehold two-bedroom flat investment is located at 159 Collingwood Court in Washington, Tyne and Wear, and is being sold under an auction contract with a guide price of £17,000. The property features a spacious reception room, kitchen, bathroom, and two bedrooms, with uPVC double glazing and gas central heating for comfort and convenience. The flat has a 125-year lease remaining, with an annual ground rent of £10 and a service charge of £1000. The property is currently vacant but has previously generated an annual income of £5,160. Located in the historic town of Washington, the property offers easy access to amenities and attractions in the surrounding areas of Chester-le-Street, Gateshead, and Sunderland. A buyer's premium of 2% of the sale price, minimum £5,000 + VAT, applies upon exchange of the contract.