*ONLINE Unconditional Auction Opening 8 September 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 this traditional Lincolnshire market town, on the main thoroughfare to the market square, which is nearing the final stages of a substantial regeneration project having welcomed many new businesses to the town centre.
There continues to be further opportunity for redevelopment and growth, with substantial demand for residential and commercial units within the town centre. The new Savoy Cinema complex is nearing completion within 100 metres of this property and the riverside gardens and walk have also recently been completed. Gainsborough offers a diverse range of facilities and amenities, including Marshalls Yard Retail and Leisure Complex, along with excellent transport links to the surrounding towns of Retford and Scunthorpe, and the Cities of Lincoln and Doncaster.
Description:
A wonderful opportunity to acquire this substantial Grade II listed former office premises, with accommodation arranged over 4 floors, within a prime position of the town centre.
The registered use for the property falls under Class E, but due to the nature and size of the building, subject to the necessary planning permission and consents being obtained, this would provide an excellent opportunity to repurpose the building for a number of residential units, and a single retail frontage.
The rental market within the town is strong, and demand is high, with a shortage of high quality properties available on the rental market. Subsequently, a strong yield, and opportunity to add significant value makes this an enticing prospect.
Viewing recommended.
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 Tax:
The property falls within West Lindsey Council – Current rateable value (1 April 2023 to present) £8,200
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 £1,800 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.
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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