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 £18,000. The property features a spacious reception room, kitchen, bathroom, and two bedrooms, with uPVC double glazing and gas central heating. 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. Washington is a historic town with a rich heritage, and the property is situated between Chester-le-Street, Gateshead, and Sunderland, offering easy access to various amenities and attractions. The buyer will be required to pay a 10% deposit and a 2% buyer's premium, with a minimum of £5,000 + VAT upon exchange of the contract.