*ONLINE Unconditional Auction Opening 3 November 2025*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire
Description
Situation:
The property is situate 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, which has welcomed many new businesses to the town centre. There continues to be further opportunity for redevelopment and growth, with demand for both residential and commercial units within the town centre.
The new Savoy Cinema complex has recently opened within 100 metres of this property, alongside the recently opened riverside gardens and walk. Gainsborough offers a diverse range of facilities and amenities, including the Marshalls Yard Retail and Leisure Complex, along with excellent transport links to the surrounding towns of Retford and Scunthorpe, along with the Cities of Lincoln and Doncaster.
Description:
A wonderful opportunity to acquire this substantial Grade II listed former bank premises, with accommodation arranged over 2 floors, giving scope for the potential developer within a prime position of the town centre. The use class for the property is currently Class E, but given the nature and size of the building, subject to the necessary consents being obtained, could be repurposed for a wide range of potential purposes, including restaurant, serviced office accommodation, residential conversion etc.
At the time of preparing these details, 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 value makes this an enticing prospect.
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
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.
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.
Administration Charge
Non-refundable £3,600 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)
Call the team on 01427 616436 for more information
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