7 Market Arcade, Gainsborough DN21 2DY

*ONLINE Unconditional Auction Opening 08 September 2025*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire

Situation:
The property is located in Gainsborough town centre, being a popular and traditional Lincolnshire market town. The town centre itself is undergoing significant regeneration thanks to Lottery Grant Funding. There is a Savoy Cinema complex under construction, with additional retails/restaurant units. The premises is located next to Gainsborough Bus Station and is well positioned for access to the surrounding towns of Scunthorpe and Retford, along with Cities of Doncaster and Lincoln.

Description:
With accommodation over two stories including ground floor retail frontage with three roller shutters, ladies, gents and private rest rooms. To the first floor are multiple office rooms. The property also benefits from a rear entrance.

Part of the first floor of Unit 7 is above part of the ground floor of the Market Hall, Silver Street, Gainsborough currently let to Argos Limited. Accordingly, a 999 year lease of Unit 7 at a peppercorn rent will be granted to the Buyer on completion

Material Information Tenure:
The property is leasehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.

(Only include if applicable) Construction:
According to the EPC, the property is system built, as built, no insulation (assumed)

Council Tax:
The property falls within West Lindsey Council

Possession:
Vacant possession will be given upon completion.

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. Information relating to Phone & Broadband can be found by visiting Ofcom. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.

Tenure: Leasehold

Lease Details: 999 year lease to be granted to buyer on completion

Administration Fee: £1440 inc VAT payable on exchange of contracts.

Buyer's Premium Fee: £1440 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.