3 & 5 North Street, Gainsborough, Lincolnshire DN21 2HP

For sale by Auction on 27 July 2026.

A pair of ground floor commercial retail units collectively of approx. 1,603 Sq Ft (149 Sq M) - 3 North Street being 495 Sq Ft (46 Sq M) & 5 North Street being 1,108 Sq Ft (103 Sq M) 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. Currently No 3 is vacant with an estimated rental value in the region of £8,000 per annum, whilst No 5 is subject to a 5 year Lease from October 2025 with a passing 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.

3 North Street - 495 Sq Ft (46 Sq M): VACANT Open Plan Commercial / Retail Space, Office, Kitchen, W.C.
5 North Street - 1,108 Sq Ft (103 Sq M): LET - 5 YEAR LEASE FROM OCT 2025 - £10,000 PER ANNUM Open Plan Commercial / Retail Space, Office, Kitchen, W.C.

Tenancy Leasehold for a term of 125 years from 29 September 1999 with a peppercorn rent.

3 North Street: VACANT (previously let on a 5 year Lease from 02 March 2020 FR&I at £11,900 per annum)

5 North Street: LET - 5 Year Lease from October 2025 - £10,000 per annum.

Estimated Total Rental Value circa £18,000 when fully let.

Tenure: See Legal Pack

EPC Rating: C

Terms:
Auction Details

The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

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Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 2.4% of the purchase price (subject to a minimum of £2,400 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

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Guide Price & Reserve Price

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