Auction House / Lincolnshire
  • For Sale By Unconditional Online Auction
  • Guide Price* : £50,000+
  • Auction Ended 19/11/2024
  • Lot 4

172-176 Trinity Street, Gainsborough, Lincolnshire, DN21 1JW

*ONLINE Unconditional Auction Opening 19 November 2024*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire

Description

Situation:
The property is prominently positioned in the heart of Gainsborough, on Trinity Street, offering excellent access to the centre and its wealth of facilities and amenities, including the popular Marshalls Yard retail and leisure complex. The surrounding towns of Retford, Newark, Scunthorpe and cities of Doncaster and Lincoln are all easily accessible.

Description:
A wonderful opportunity to acquire this mixed use, 3 story property in the heart of this popular Lincolnshire market town, giving significant further scope for income currently passing at £10,800 per annum. The property is arranged as a ground floor retail unit, currently let at £6000 per annum to an established business of over 3 years, along with both first and second floor being self contained flats, the upper of which is subject to a tenancy at £4800 per annum. The first floor flat is in need of some improvement work but offers further potential for additional income, with current market rents for a well appointed flat of this nature achieving circa £525/£550pcm. The total potential income (with rents at market value and further improvement works) approaching £20,000 per annum.

Ground Floor Primary Retail Unit,

Front Service Area,

Rear Ancillary Rooms and Space
Total Floor Area Approx 60sqm

First Floor Self Contained Flat
Total Floor Area Approx 42sqm
Second Floor Self Contained Flat
Total Floor Area Approx 41sqm
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 Linsdey Council - Flats Band A
Premises Current rateable value (1 April 2023 to present) £4,650

Possession:
Subject to existing tenancy agreements.

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

C

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

£1800 inc VAT payable on exchange of contracts.

Administration Charge

£1800 inc VAT payable on exchange of contracts.

Disbursements

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

Loading the bidding panel...

* Guide | £50,000+
  • Unconditional (Immediate Exchange)

Call the team on 01427 616436 for more information

Request more info
Floor plan Floor plan Floor plan
Unconditional Sale Terms & Conditions
Finance available on this property
Find out more

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.