Retail premises for sale in 31 Lord Street, Gainsborough, Lincolnshire DN21

For sale by online auction on Tuesday, 30 Apr 2024 ending at 13:34

for sale by unconditional online auction! (immediate exchange)

This property will be offered for sale by auction closing 30th April 2024 with a *guide price of £70,000 - £90,000 (plus fees). To register to bid:



Situation:

The property occupies a prominent position within the heart of the Lincolnshire market town of Gainsborough. This prominent thoroughfare to the primary retail area of Gainsborough’s market place is well positioned to capture passing trade on foot with nearby retailers including B&M, Halifax Bank, Barries Antique Stores, Travel Agents, News Agents, Fast Food Take Aways, Restaurants and Public Houses. Gainsborough is well positioned for access to the surrounding towns of Scunthorpe and Retford and the cities of Lincoln and Doncaster.

Description:

A wonderful opportunity to acquire this historic and well-proportioned, mixed-use property with versatile accommodation arranged over four floors.

The front retail shop is ready to let and the rest of the building is in need of improvement works yet retains many fantastic and original features and would work for a variety of different uses subject to the necessary consents.

The adjacent property (formerly a fast food take away) recently sold for £95,000 and this property presents an ideal opportunity to continue the restoration of the heritage buildings of Gainsborough. We further understand that West Lindsey District Council have a range of potential grants on offer to assist with the restoration and improvement of this building. For more information, please contact West Lindsey District Council directly.

Accommodation

Retail Unit:

Window and access to the frontage of Lord Street Gainsborough. To the rear of the property is a further access to the building with door rear entrance lobby.

Shower Room:

Low level flush W.C., sink and drainer unit

Room: 3.15m x 4.95m (10’4 x 16’3) maximum

Stairs rising to first floor landing

Room: 3.96m x 4.32m (13’0 x 14’2)

Window to the front elevation.

Room: 3.02m x 4.29m (9’11 x 14’1) maximum

Window to the rear elevation

Room: 3.56m x 2.24m (11’8 x 7’4) average

From the first floor landing stairs rising to the second flo

EPC Rating: C

Additional Fees
Buyers Premium: Non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.

Administration Charge - Non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.

Disbursments - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.