Retail premises for sale in 3/3A Silver Street, Gainsborough, Lincolnshire DN21

For sale by online auction on Tuesday, 25 Jun 2024 ending at 13:00

*online Unconditional Auction Opening 24th June 2024*

To register for the legal pack and bidding, please visit our website:



Situation:

The property occupies a prominent position within the heart of the Lincolnshire market town of Gainsborough. This retail area of Gainsborough’s is in the heart of the 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 three floors and including retail area, along with 2 separate flats.

The building is let on a long lease generating £14,000 per annum, with the front retail shop currently operating as a fast food takeaway, and the rest of the building retains many fantastic and original features and would work for a variety of different uses subject to the necessary consents.

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

Commercial with two flats

From the front of the building frontage to silver street

With good size windows and door leading to the primary service area with wide range of kitchen and bathroom service equipment, tiled floors. Door leading to

Rear Preparation Area

With plumbing and extractor units and further access to the

Rear Preparation Room

with tiled floor and ample provision for freezer space and preparation area along with large fridge room and door to the

Rear Lobby

With access to the service alley at the side of the property.

EPC Rating: D

Additional Fees
Buyers Premium: Non-refundable £1,800 inc VAT payable on the fall of the virtual gavel.

Administration Charge - Non-refundable £1,800 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.