*ONLINE Unconditional Auction Opening 08 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 Gainsborough town centre, being a popular and traditional Lincolnshire market town. The town centre itself is undergoing significant regeneration thanks to Lottery Grant Funding. There is a Savoy Cinema complex under construction, with additional retails/restaurant units. The premises is located next to Gainsborough Bus Station and is well positioned for access to the surrounding towns of Scunthorpe and Retford, along with Cities of Doncaster and Lincoln.
Description:
With accommodation over two stories including ground floor retail frontage with three roller shutters, ladies, gents and private rest rooms. To the first floor are multiple office rooms. The property also benefits from a rear entrance.
Part of the first floor of Unit 7 is above part of the ground floor of the Market Hall, Silver Street, Gainsborough currently let to Argos Limited. Accordingly, a 999 year lease of Unit 7 at a peppercorn rent will be granted to the Buyer on completion
Material Information
Tenure:
The property is leasehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.
(Only include if applicable) Construction:
According to the EPC, the property is system built, as built, no insulation (assumed)
Council Tax:
The property falls within West Lindsey 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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