Detached house for sale

1-3 White Lion Yard Lord Street, Gainsborough, Lincolnshire DN21

For sale by online auction on Tuesday, 24 Jun 2025 ending at 13:02

*online Unconditional Auction Opening 23 June 2025*

To register for the legal pack and bidding, please visit our website:



Situation:

The property is located in the heart of Gainsborough town centre, being a popular and traditional Lincolnshire market town. The town centre itself is undergoing significant regeneration thanks to Lottery Grant Funding. Many of the historic shop fronts have been, or are being restored, with the addition of residential conversions as well. There is also a Savoy Cinema complex under construction, with additional retails/restaurant units. Nearby occupiers include Halifax, ybs, Boots, and a wide range of local and small business operators. Gainsborough itself is well positioned for access to the surrounding towns of Scunthorpe and Retford, along with Cities of Doncaster and Lincoln.

Description:

A wonderful opportunity to acquire the freehold of this substantial and well positioned block of properties, arranged over 2 floors, currently comprising 3 separate commercial units. The site, accessed via a private gated courtyard, may be well suited to redevelopment for commercial, mixed use, or residential (subject to the necessary planning permissions being obtained). An internal viewing is a must to appreciate the scope and potential of this property.

Currently 3 separate units, on one title with separately metered utilities.

Accommodation

Ground Floor:

1 White Lion Yard

2 White Lion Yard

First Floor

3 White Lion YardAgent Note

This property is for sale on behalf of a person(s) or company connected to this AuctioneerMaterial Information

Tenure:

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

Council:

The property falls within West Lindsey District 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:

Additional Fees
Buyers Premium: Non-refundable £1,440 inc VAT payable on the fall of the virtual gavel.

Administration Charge - Non-refundable £1,440 inc VAT payable on the fall of the virtual gavel.

Disbursments - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.