Guide price
£125,000
Industrial for sale7-9 Silver Street, Gainsborough, Lincolnshire DN21
Auction
About this property
For sale by online auction on Tuesday, 21 Oct 2025 ending at 13:10
*online Unconditional Auction Opening 20 October 2025*
To register for the legal pack and bidding, please visit our website:
Situation:
The property is situate in the heart of this traditional Lincolnshire market town, on the main thoroughfare to the market square, which is nearing the final stages of a substantial regeneration project, which has welcomed many new businesses to the town centre. There continues to be further opportunity for redevelopment and growth, with demand for both residential and commercial units within the town centre.
The new Savoy Cinema complex has recently opened within 100 metres of this property, alongside the recently opened riverside gardens and walk. Gainsborough offers a diverse range of facilities and amenities, including the Marshalls Yard Retail and Leisure Complex, along with excellent transport links to the surrounding towns of Retford and Scunthorpe, along with the Cities of Lincoln and Doncaster.
Description:
A wonderful opportunity to acquire this substantial Grade II listed former bank premises, with accommodation arranged over 2 floors, giving scope for the potential developer within a prime position of the town centre. The use class for the property is currently Class E, but given the nature and size of the building, subject to the necessary consents being obtained, could be repurposed for a wide range of potential purposes, including restaurant, serviced office accommodation, residential conversion etc.
At the time of preparing these details, the rental market within the town is strong, and demand is high, with a shortage of high-quality properties available on the rental market. Subsequently, a strong yield, and opportunity to add value makes this an enticing prospect.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 within West Lindsey Council
Possession:
Vacant possession will be given upon completion.
Viewing:
Strictly by appo
Portrait Video Tour
False
EPC Rating: C
Additional Fees
Administration Charge - Non-refundable £3,600 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 20 October 2025*
To register for the legal pack and bidding, please visit our website:
Situation:
The property is situate in the heart of this traditional Lincolnshire market town, on the main thoroughfare to the market square, which is nearing the final stages of a substantial regeneration project, which has welcomed many new businesses to the town centre. There continues to be further opportunity for redevelopment and growth, with demand for both residential and commercial units within the town centre.
The new Savoy Cinema complex has recently opened within 100 metres of this property, alongside the recently opened riverside gardens and walk. Gainsborough offers a diverse range of facilities and amenities, including the Marshalls Yard Retail and Leisure Complex, along with excellent transport links to the surrounding towns of Retford and Scunthorpe, along with the Cities of Lincoln and Doncaster.
Description:
A wonderful opportunity to acquire this substantial Grade II listed former bank premises, with accommodation arranged over 2 floors, giving scope for the potential developer within a prime position of the town centre. The use class for the property is currently Class E, but given the nature and size of the building, subject to the necessary consents being obtained, could be repurposed for a wide range of potential purposes, including restaurant, serviced office accommodation, residential conversion etc.
At the time of preparing these details, the rental market within the town is strong, and demand is high, with a shortage of high-quality properties available on the rental market. Subsequently, a strong yield, and opportunity to add value makes this an enticing prospect.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 within West Lindsey Council
Possession:
Vacant possession will be given upon completion.
Viewing:
Strictly by appo
Portrait Video Tour
False
EPC Rating: C
Additional Fees
Administration Charge - Non-refundable £3,600 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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