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Mixed Use for sale

126/126A & 128/128A, Gainsborough, DN21

Guide Price* £150,000

Property Description

Key features

  • Gross Income 16,560 PA
  • 4 Self Contained Units
  • Prominent Position
  • Busy Thoroughfare
  • EPC Ratings: 126 & 128 - TBC
  • EPC Ratings: 126a - D 128a - D

Full description

This premises was offered for sale by auction on Wednesday 22nd February 2017 with a *guide price of £150,000 - £175,000 but did not sell and is still available. For more information, please contact a member of the Auction team on 01427 616436.



The premises are situated opposite the Trinity Arts Centre on Trinity Street, a busy thoroughfare to the centre of this market town, the prestigious Marshall’s Yard Retail, Commercial and Leisure Complex and the Tesco supermarket. Gainsborough is an expanding town with plans to build a further 2,500 houses off Foxby Lane to the south.

126/126A and 128/128A form part of an end terrace block of property constructed of 9” brickwork under a double pitched tiled roof and comprises 2 retail units and 2 self contained flats as follows:-


126 TRINITY STREET:

Ground Floor Salon:
19.12sqm (206sqft) wash basin, electric radiator.
Lobby:
Understairs cupboard.
Beautician’s Room:
11.78sqm (127sqft)
Rest Room:
12.20sqm (131sqft) night storage heater.
Rear Store:
12.55sqm (135sqft)
Kitchenette:
Stainless steel sink unit.
Rear Lobby:
Separate w.c.:
Tenant:
Hairdresser.
Rent:
£390 per calendar month.


126A TRINITY STREET:

First Floor Flat:
Accommodation:
Side Entrance Lobby:
First Floor Landing:
Sitting Room:
Kitchen:
Alpha wall mounted gas fired boiler for central heating and domestic hot water.
Lobby:
Staircase to Second Floor Landing:
Bedroom:
Bathroom:
Tenancy:
Assured Shorthold Tenancy
Rent:
£320 per calendar month.


128 TRINITY STREET:

Sales Shop:
17sqm (184sqft), night storage heater.
Lobby:
Understairs cupboard.
Rear Room:
15.40sqm (165sqft) night storage heater.
Kitchen:
Stainless steel sink unit.
Cloakroom:
Wash basin and w.c.
Outside:
Rear yard.
Tenant:
Polish Food Shop.
Rent:
£350 per calendar month.


128A TRINITY STREET:

First Floor Flat:
Sitting Room:
Kitchen:
Second Floor Bedroom:
Bathroom:
Gas central heating.
Tenancy:
Assured Shorthold Tenancy
Rent:
£320 per calendar month.


Possession:

The premises are sold subject to the existing Leases/Assured Shorthold Tenancies.


Income:

Gross income is £1,380 per calendar month. £16,560 per annum.


Services:

All mains services are available. The flats have central heating from gas fired boilers to panelled radiators.


Property Misdescription Act 1991

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 & Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.


Selective Licencing

This premises falls into the Selective Licensing in Gainsborough South West Ward and prospective purchasers are strongly advised to visit www.thehomesafescheme.org.uk or www.west-lindsey.gov.uk/selectivelicencing for further information.



Map & Street View

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Lincolnshire on 01427 616436.


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