FOR SALE BY UNCONDITIONAL ONLINE AUCTION! (IMMEDIATE EXCHANGE)
This property will be offered for sale by auction closing 12 March 2024 with a *guide price of £20,000 - £40,000 (plus fees). To register to bid: auctionhouse.co.uk/lincolnshire
Description
Situation:
The property is wonderfully situated within the heart of Gainsborough and its prominent Market Square, surrounded by a wide range of differing businesses and residential accommodation. The town centre is under going significant development with the construction of a new Cinema and leisure complex, and this is an opportunity not to be missed.
Description:
A traditionally constructed, Grade II listed, 3 storey property offering a huge scope for a number of different uses subject to the necessary consents. The property currently comprises a ground floor retail until with offices and storage above, however potential for mixed use residential / commercial STP would offer a huge opportunity for significant yield.
Accommodation
Primary retail area/shop fronting 15.24m x 3.61m (50’0 x 11’10)
With shutters on windows to the front elevation. To the rear is raised service area or till and further door to understairs storage area.
Door to stairwell with stairs rising to the first floor landing
W.C.
Hot water heater, wall mounted sink and low level flush W.C.
Inner lobby, storage cupboard
Room:
3.94m x 9.25m (12’11 x 30’4)
Double glazed window to the side elevation, further door to Inner Lobby and stairwell with further door to
Room:
5.08m x 3.94m (16’8 x 12’11)
Window to the front elevation
Stairs rising to second floor
Room:
5.03m x 3.94m (16’6 x 12’11)
Window to the front elevation, access to the roof space.
Room:
5.64m x 3.00m (18’6 x 9’10)
Door to further Hallway also accessed from the Landing
Room:
2.11m x 2.79 (6’11 x 9’2)
With access to the roof space.
Material Information Tenure:
The property is freehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.
Council Tax:
The property falls within West Lindsey District Council – Current rateable value (1 April 2023 to present) £5,100
Possession:
Vacant possession will be given upon completion.
Viewing:
Strictly by appointment with Auction House.
Services:
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
EPC Rating
E
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Loading the bidding panel...
- Unconditional (Immediate Exchange)
Call the team on 01427 616436 for more information
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.