*ONLINE Unconditional Auction Opening 23 June 2025*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire
Description
Situation:
The property is located in the heart of Gainsborough town centre, being a popular and traditional Lincolnshire market town. The town centre itself is undergoing significant regeneration thanks to Lottery Grant Funding. Many of the historic shop fronts have been, or are being restored, with the addition of residential conversions as well. There is also a Savoy Cinema complex under construction, with additional retails/restaurant units. Nearby occupiers include Halifax, YBS, Boots, and a wide range of local and small business operators. Gainsborough itself is well positioned for access to the surrounding towns of Scunthorpe and Retford, along with Cities of Doncaster and Lincoln.
Description:
A wonderful opportunity to acquire the freehold of this substantial and well positioned block of properties, arranged over 2 floors, currently comprising 3 separate commercial units. The site, accessed via a private gated courtyard, may be well suited to redevelopment for commercial, mixed use, or residential (subject to the necessary planning permissions being obtained). An internal viewing is a must to appreciate the scope and potential of this property.
Currently 3 separate units, on one title with separately metered utilities.
Accommodation
Ground Floor:
1 White Lion Yard
2 White Lion Yard
First Floor
3 White Lion Yard
Agent Note
This property is for sale on behalf of a person(s) or company connected to this Auctioneer
Material Information
Tenure:
The property is freehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.
Council:
The property falls within West Lindsey District Council.
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. Information relating to Phone & Broadband can be found by visiting Ofcom. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
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 £1,440 inc VAT payable on the fall of the virtual gavel.
Administration Charge
Non-refundable £1,440 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.
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- Unconditional (Immediate Exchange)
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