Lot 13 - Hickman Apartment 43 Lord Street, Gainsborough, Lincolnshire, DN21 2DD
Lot 13 - Hickman Apartment 43 Lord Street, Gainsborough, Lincolnshire, DN21 2DD
Guide Price* : £1,000+
- Unconditional Online Auction Sale
- 1 Bedroom
- |
- 1 Bathroom
Lot 13 - TOP FLOOR INVESTMENT OPPORTUNITY WITH RESIDENTIAL CONVERSION POTENTIAL
Description
ONLINE AUCTION from 10th - 12th November
An opportunity to acquire a substantial second floor property within Pottergate House, occupying a prominent position in Gainsborough town centre. The accommodation comprises four rooms and two storage rooms, with access from the main shopping thoroughfare and via a private, gated courtyard.
Offering considerable scope for redevelopment and potential conversion into residential accommodation, subject to the necessary planning permissions and consents, the property will appeal to investors and developers seeking an opportunity to add value in a central town centre location.
Gainsborough is a traditional Lincolnshire market town undergoing ongoing regeneration, with improvements to historic shopfronts and the introduction of residential accommodation above commercial premises. The property is conveniently positioned close to local shops, businesses and amenities, with Marshall's Yard shopping and leisure complex and the Savoy Cinema nearby.
The town offers road connections to Scunthorpe, Retford and Doncaster, with the historic city of Lincoln also accessible. Gainsborough Central railway station provides additional transport links to the surrounding area.
The site requires a full refurbishment due to fire damage, presenting an opportunity for redevelopment in a prime location.
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 13 - TOP FLOOR INVESTMENT OPPORTUNITY WITH RESIDENTIAL CONVERSION POTENTIAL
Viewing
Paul Fosh Auctions
Office Contact
Gemma Vaughan
Documents
Legal Documents
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