For sale by auction is a vacant two-bedroom first-floor apartment in need of renovation, located on Imeary Street in South Shields. The property features a living room, kitchen, two bedrooms, and a bathroom, with a rear yard and on-street parking available nearby. Once renovated, the property is expected to generate a rental income of £800 per month or £9,600 per year. The property is well situated within walking distance of the town center, the coast, and local shops, as well as having excellent bus links. The sale is being conducted via online auction and comes with an administration fee of £3,600 inc VAT payable on exchange of contracts, as well as any disbursements listed in the legal pack.