LIVE ONLINE AUCTION - Click here to view

10 Silver Street, Gainsborough, Lincolnshire, DN21 2DP



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Guide price

£195,000+


Property Type

Mixed Use

Bedrooms

10


Key Features

  • An opportunity to acquire a substantial freehold former Lloyds bank in the bustling Market Town of Gainsborough
  • Planning for serviced office accommodation with meeting rooms and 5 flats and 3 studios.
  • Significant Grant Funding Available up to £239,000

Part of the 22 June 2023 auction
The Nottingham Racecourse at 2.30PM

An opportunity to acquire a substantial freehold former Lloyds bank in the bustling Market Town of Gainsborough with planning for serviced office accommodation with meeting rooms and 5 flats and 3 studios.

  • Occupying a central location on the pedestrianised Silver Street
  • Prominent position close to the Market Square and River Trent
  • Approximately 18 miles north-west of Lincoln City
  • Close to Boots, Argos, Costa, Travelodge, McDonalds & KFC
  • A short walk from Gainsborough Central Train Station
  • Attractive and substantial Grade II Listed former Lloyds bank
  • GF Commercial Unit circa 1,098 sq ft (inc Mezzanine)
  • Upper floors: planning 8 x flats (2 x 2 bed, 3 x 1 bed, 3 x studios)
  • Architects plans available showing proposed layout
  • An internal viewing is available upon request
  • Ideal investment opportunity in the growth town
  • Significant grant funding available up to £239,000

Contact Auction Estates on 0115 7844 600

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold with vacant possession

Refer to Legal Pack

Email: holliewatkins@bannerjones.co.uk
Telephone: 01623 675800

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