*ONLINE Unconditional Auction Opening 7th July 2025*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/Lincolnshire
Description
Situation:
The properties are situated in a prominent position on Spring Gardens, Gainsborough, directly opposite the extremely popular and convenient Marshall Yard Retail and Leisure Complex, in the heart of the town. The town centre itself is within easy reach and is currently undergoing investment and redevelopment, including the construction of a new Savoy Cinema complex and a wide range of eateries. Gainsborough itself is well positioned for access to the surrounding towns of Retford and Scunthorpe, and the Cities of Doncaster and Lincoln.
Description:
A rare opportunity to acquire the freehold of 3 individual and adjacent properties, occupying a good sized site and providing significant opportunity for the developer or investor. Currently laid out as 3 separate, 3 storey properties this site offers scope for repurposing or redevelopment subject to the necessary consents being obtained. The properties are currently uninhabitable and require a full scheme of renovation works. The town itself has a strong rental market and this could provide an ideal opportunity to acquire a project with strong yield potential.
Accommodation for 25 Spring Gardens
Entrance Hall
Sitting Room
Dining Room
Kitchen
Bedroom 1
Bedroom 2
Bedroom 3
Bathroom
Outside
Courtyard to the rear serving all properties.
Accommodation for 27 Spring Gardens
Entrance Hall
Sitting Room
Dining Room
Kitchen
Cellar
Bedroom 1
Bedroom 2
Bedroom 3
Former Bathroom
Outside
Courtyard to the rear serving all properties.
Accommodation for 29 Spring Gardens
Entrance Hall
Sitting Room
Dining Kitchen
Bedroom 1
Bedroom 2
Bedroom 3
Former Bathroom
Outside
Courtyard to the rear serving all properties.
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
25 Spring Gardens – BAND - A
27 Spring Gardens - BAND - A
29 Spring Gardens - BAND - Deleted - prospected purchasers are advised to make own enquires.
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
The property's are unhabitable meaning there will be no EPC's provided
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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- 3 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 01427 616436 for more information
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