Situation: The property is prominently positioned in the heart of Gainsborough, on Trinity Street, offering excellent access to the centre and its wealth of facilities and amenities, including the popular Marshalls Yard retail and leisure complex. The surrounding towns of Retford, Newark, Scunthorpe and cities of Doncaster and Lincoln are all easily accessible. Description: A wonderful opportunity to acquire this mixed use, 3 story property in the heart of this popular Lincolnshire market town, giving significant further scope for income currently passing at £10,800 per annum. The property is arranged as a ground floor retail unit, currently let at £6000 per annum to an established business of over 3 years, along with both first and second floor being self contained flats, the upper of which is subject to a tenancy at £4800 per annum. The first floor flat is in need of some improvement work but offers further potential for additional income, with current market rents for a well appointed flat of this nature achieving circa £525/£550pcm. The total potential income (with rents at market value and further improvement works) approaching £20,000 per annum.Ground Floor Primary Retail Unit, Front Service Area, Rear Ancillary Rooms and Space Total Floor Area Approx 60sqm First Floor Self Contained Flat Total Floor Area Approx 42sqmSecond Floor Self Contained Flat Total Floor Area Approx 41sqmMaterial Information Tenure: The property is freehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack. Council Tax: The property falls within West Linsdey Council - Flats Band A Premises Current rateable value (1 April 2023 to present) £4,650 Possession: Subject to existing tenancy agreements. Viewing: Strictly by appointment with Auction House. Services: Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus

Featured Lot

False

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Additional Fees

Buyer's Premium - £1800 inc VAT payable on exchange of contracts.

Administration Charge - £1800 inc VAT payable on exchange of contracts.

Disbursements - 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.