3 & 5 North Street, Gainsborough, Lincolnshire, DN21 2HP
£80.49 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,553 sq ft
144 sq m
- SECTOR
Commercial property for sale
Key features
- TO BE SOLD BY PUBLIC ONLINE AUCTION ON 24TH SEPTEMBER 2025.
- PLEASE BE AWARE THAT THESE DETAILS ARE OFTEN UPDATED AND SUBJECT TO CHANGE ANY TIME BEFORE THE AUCTION.
- YOU MUST NOT RELY ON THE INFORMATION BELOW AND SHOULD VIEW FULL PARTICULARS AND ANY ADDENDUMS ON THE AUCTIONEER'S WEBSITE.
Description
A pair of ground floor commercial retail units collectively of approx. 1,553 Sq Ft (143 Sq M) - 3 North Street being 500 Sq Ft (46 Sq M) & 5 North Street being 1,053 Sq Ft (97 Sq M) both of which were previously let and collectively producing £23,900 per annum. The retail units form the ground floor of a recent development prominently located within the town centre on North Street with ample public car parking at the rear and within walking distance of the train and bus station and Marshall's Yard and would be suitable for a variety of different tenants or owner occupiers to trade from. There is interest and a pending tenant application for No 5 North Street for a proposed 5 year Lease at a rent of £10,000 per annum. Please note that this lot is subject to VAT and as such VAT is payable on completion in addition to the sale price.
Planning
For any pre-application advice, interested parties should consult directly with the Local Planning Authority: West Lindsey District Council, Guildhall, Marshall's Yard, Gainsborough, Lincolnshire, DN21 2NA. Telephone: . Email: planning.customer.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.
2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 23RD SEPTEMBER AND CLOSES ON WEDNESDAY 24TH SEPTEMBER.
3. The property No 3 is entered in the 2023 Rating List as "Shop and Premises" with a Rateable Value of £3,900. The Rateable Value (RV) is not the amount payable. The property No 5 is entered in the 2023 Rating List as "Office and Premises" with a Rateable Value of £8,000. The Rateable Value (RV) is not the amount payable.
4. Energy Performance Certificates: No 3 = C. No 5 = C.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
Approx Site Area
Approximately 221 Sq M (2,377 Sq Ft).
Tenancy
Leasehold for a term of 125 years from 29 September 1999 with a peppercorn rent.
3 & 5 North Street, Gainsborough, Lincolnshire, DN21 2HP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Gainsborough Central Station0.2 miles
- Gainsborough Lea Road Station1.1 miles
Notes
Disclaimer - Property reference 120230FH. 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 PUGH & COMPANY LIMITED, Manchester. 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 PUGH & COMPANY LIMITED, Manchester on 01942 559576.
*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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