172-176 Trinity Street, Gainsborough DN21 1JW
- PROPERTY TYPE
Terraced
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Mixed Use Property
- Ground Floor Retail Unit
- Two Self Contained Flats
- Possible Investment Opportunity
- EPC Rating C
- Investment Opportunity
Description
*ONLINE Unconditional Auction Opening 19 November 2024*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire
Situation:
The property is prominently positioned in the heart of Gainsborough, on Trinity Street, offering excellent access to the centre and its wealth of facilities and amenities, including the popular Marshalls Yard retail and leisure complex. The surrounding towns of Retford, Newark, Scunthorpe and cities of Doncaster and Lincoln are all easily accessible.
Description:
A wonderful opportunity to acquire this mixed use, 3 story property in the heart of this popular Lincolnshire market town, giving significant further scope for income currently passing at £10,800 per annum. The property is arranged as a ground floor retail unit, currently let at £6000 per annum to an established business of over 3 years, along with both first and second floor being self contained flats, the upper of which is currently let to a tenant of 4 years at £4800 per annum. The first floor flat is in need of some improvement work but offers further potential for additional income, with current market rents for a well appointed flat of this nature achieving circa £525/£550pcm. The total potential income (with rents at market value and further improvement works) approaching £20,000 per annum.
Ground Floor Primary Retail Unit,
Front Service Area,
Rear Ancillary Rooms and Space
Total Floor Area Approx 60sqm
First Floor Self Contained Flat
Total Floor Area Approx 42sqm
Second Floor Self Contained Flat
Total Floor Area Approx 41sqm
Material Information Tenure:
The property is freehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.
Council Tax:
The property falls within West Linsdey Council - Flats Band A
Premises Current rateable value (1 April 2023 to present) £4,650
Possession:
Subject to existing tenancy agreements.
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. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
Tenure: Freehold
Administration Fee: £1800 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1800 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
172-176 Trinity Street, Gainsborough DN21 1JW
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Visit our security centre to find out moreDisclaimer - Property reference 202408281437sq_fvjm. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, Lincolnshire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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 800574.
*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.”
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