Lot 12 - The Burgh Apartment (First floor Flat), 43 Lord Street, Gainsborough, Lincolnshire, DN21 2DD
Lot 12 - The Burgh Apartment (First floor Flat), 43 Lord Street, Gainsborough, Lincolnshire, DN21 2DD
Guide Price* : £1,000+
- Unconditional Online Auction Sale
- 1 Bedroom
- |
- 1 Bathroom
Lot 12 - FIRST FLOOR INVESTMENT OPPORTUNITY WITH CONVERSION POTENTIAL (subject to any necessary consents)
Description
ONLINE AUCTION from 10th - 12th November
A substantial first floor property situated within Pottergate House, occupying a central position on Lord Street in Gainsborough town centre.
The accommodation comprises several individual rooms, including former kitchen facilities and a WC. The property offers scope for refurbishment and potential conversion into residential accommodation or alternative uses, subject to the necessary planning permissions, building regulations and other consents.
Access is available from the main shopping thoroughfare and via a private gated courtyard, providing an opportunity for investors and developers to explore the property's future potential.
The property is located in the heart of Gainsborough, a traditional Lincolnshire market town with a range of shops, services and local businesses. Nearby amenities include the town's shopping facilities, Marshall's Yard retail and leisure destination, and the Savoy Cinema complex.
Gainsborough is well positioned for access to Scunthorpe, Retford and Doncaster, with Lincoln also accessible by road. Local railway stations provide connections to surrounding towns and cities.
The site requires a full refurbishment due to fire damage, presenting an opportunity for redevelopment in a prime location.
Accommodation
First Floor: Multiple rooms, Former kitchen area, WC
Access via the main shopping thoroughfare and private gated courtyard
Tenancies
To be sold with vacant possession
Tenure
Advised Leasehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Guide Price* : £1,000+
- Unconditional Online Auction Sale
- 1 Bedroom
- |
- 1 Bathroom
Lot 12 - FIRST FLOOR INVESTMENT OPPORTUNITY WITH CONVERSION POTENTIAL (subject to any necessary consents)
Viewing
Paul Fosh Auctions
Office Contact
Gemma Vaughan
Documents
Legal Documents
Log in to view legal documentsAuction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.