3 bed terraced house for sale

25 - 29 Spring Gardens, Gainsborough, Lincolnshire DN21

For sale by online auction on Tuesday, 08 Jul 2025 ending at 13:02

*online Unconditional Auction Opening 7th July 2025*

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



Situation:

The properties are situated in a prominent position on Spring Gardens, Gainsborough, directly opposite the extremely popular and convenient Marshall Yard Retail and Leisure Complex, in the heart of the town. The town centre itself is within easy reach and is currently undergoing investment and redevelopment, including the construction of a new Savoy Cinema complex and a wide range of eateries. Gainsborough itself is well positioned for access to the surrounding towns of Retford and Scunthorpe, and the Cities of Doncaster and Lincoln.

Description:

A rare opportunity to acquire the freehold of 3 individual and adjacent properties, occupying a good sized site and providing significant opportunity for the developer or investor. Currently laid out as 3 separate, 3 storey properties this site offers scope for repurposing or redevelopment subject to the necessary consents being obtained. The properties are currently uninhabitable and require a full scheme of renovation works. The town itself has a strong rental market and this could provide an ideal opportunity to acquire a project with strong yield potential.


Accommodation for 25 Spring Gardens

Entrance Hall

Sitting Room

Dining Room

Kitchen

Bedroom 1

Bedroom 2

Bedroom 3

Bathroom

Outside

Courtyard to the rear serving all properties.
Accommodation for 27 Spring Gardens

Entrance Hall

Sitting Room

Dining Room

Kitchen

Cellar

Bedroom 1

Bedroom 2

Bedroom 3

Former Bathroom

Outside

Courtyard to the rear serving all properties.
Accommodation for 29 Spring Gardens

Entrance Hall

Sitting Room

Dining Kitchen

Bedroom 1

Bedroom 2

Bedroom 3

Former Bathroom

Outside

Courtyard to the rear serving all properties.Material 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 Tax:

The property falls

EPC Rating
The property's are unhabitable meaning there will be no EPC's provided

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.