Lot 11 - Pottergate House, 43 Lord Street, Gainsborough, Lincolnshire, DN21 2DD
Lot 11 - Pottergate House, 43 Lord Street, Gainsborough, Lincolnshire, DN21 2DD
Guide Price* : £1,000+
- Unconditional Online Auction Sale
- 1 Bedroom
- |
- 1 Bathroom
Lot 11 - GROUND FLOOR RETAIL UNIT WITH REDEVELOPMENT POTENTIAL
Description
ONLINE AUCTION from 10th - 12th November
A fantastic opportunity to acquire a ground floor retail unit occupying a prominent position on Lord Street in Gainsborough town centre. Formerly utilised as a florist shop, the property provides retail accommodation together with rear storage/preparation space and ancillary areas.
The property requires a scheme of refurbishment following fire damage, offering an exciting opportunity for investors, developers or business owners seeking a town centre premises to renovate and adapt to their requirements, subject to any necessary consents.
Situated in the heart of Gainsborough town centre, the property benefits from a central position close to a range of local shops, businesses and amenities. The town has seen ongoing regeneration, with improvements to historic shopfronts and the development of retail and leisure facilities, including Marshall's Yard and the Savoy Cinema complex. Gainsborough offers road connections to Scunthorpe, Retford and Doncaster, with the city of Lincoln also accessible by road. Local railway services provide further connections to the surrounding area.
The site requires a full refurbishment due to fire damage, presenting an opportunity for redevelopment in a prime location.
Accommodation
Ground floor: Retail area, Storage/preparation area, Ancillary space
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 11 - GROUND FLOOR RETAIL UNIT WITH REDEVELOPMENT POTENTIAL
Viewing
Paul Fosh Auctions
Office Contact
Gemma Vaughan
Documents
Legal Documents
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