Guide price
£35,000
Retail premises for sale7 Market Arcade, Gainsborough, Lincolnshire DN21
Auction
About this property
For sale by online auction on Tuesday, 09 Sep 2025 ending at 13:12
*online Unconditional Auction Opening 08 September 2025*
To register for the legal pack and bidding, please visit our website:
Situation:
The property is located in Gainsborough town centre, being a popular and traditional Lincolnshire market town. The town centre itself is undergoing significant regeneration thanks to Lottery Grant Funding. There is a Savoy Cinema complex under construction, with additional retails/restaurant units. The premises is located next to Gainsborough Bus Station and is well positioned for access to the surrounding towns of Scunthorpe and Retford, along with Cities of Doncaster and Lincoln.
Description:
With accommodation over two stories including ground floor retail frontage with three roller shutters, ladies, gents and private rest rooms. To the first floor are multiple office rooms. The property also benefits from a rear entrance.
Part of the first floor of Unit 7 is above part of the ground floor of the Market Hall, Silver Street, Gainsborough currently let to Argos Limited. Accordingly, a 999 year lease of Unit 7 at a peppercorn rent will be granted to the Buyer on completion
Material Information
Tenure:
The property is leasehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.
(Only include if applicable) Construction:
According to the EPC, the property is system built, as built, no insulation (assumed)
Council Tax:
The property falls within West Lindsey 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: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any con
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.
*online Unconditional Auction Opening 08 September 2025*
To register for the legal pack and bidding, please visit our website:
Situation:
The property is located in Gainsborough town centre, being a popular and traditional Lincolnshire market town. The town centre itself is undergoing significant regeneration thanks to Lottery Grant Funding. There is a Savoy Cinema complex under construction, with additional retails/restaurant units. The premises is located next to Gainsborough Bus Station and is well positioned for access to the surrounding towns of Scunthorpe and Retford, along with Cities of Doncaster and Lincoln.
Description:
With accommodation over two stories including ground floor retail frontage with three roller shutters, ladies, gents and private rest rooms. To the first floor are multiple office rooms. The property also benefits from a rear entrance.
Part of the first floor of Unit 7 is above part of the ground floor of the Market Hall, Silver Street, Gainsborough currently let to Argos Limited. Accordingly, a 999 year lease of Unit 7 at a peppercorn rent will be granted to the Buyer on completion
Material Information
Tenure:
The property is leasehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.
(Only include if applicable) Construction:
According to the EPC, the property is system built, as built, no insulation (assumed)
Council Tax:
The property falls within West Lindsey 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: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any con
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.
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