Guide price
£360,000
Land for saleLea Road, Gainsborough DN21
Just added
About this property
Freehold Development Land
Former school building
Full planning permission has been granted (8 September 2023) for the conversion to 28 residential apartments
Summary
For sale via secure sale online bidding - terms and conditions apply.
Lea Road School, Lea Road, Gainsborough, Lincolnshire DN21 1LX
Substantial former school building occupying a prominent riverside position close to Gainsborough town centre.
Constructed in 1906, this attractive detached period property is arranged over ground and first floors and sits on a regular shaped site with frontage to Lea Road and land to the rear suitable for parking and landscaping. The building is currently vacant and requires full refurbishment.
Full planning permission has been granted (8 September 2023) for the conversion to 28 residential apartments (Class C3) comprising 23 two bedroom units and 5 one bedroom units, many designed as duplex apartments with mezzanine levels.
A rare opportunity to acquire a landmark redevelopment project with significant residential development potential in an established market town setting.
Measurements approximately ; 2479 sqm
Description
Substantial former school building.
Location
Prominent riverside position close to Gainsborough town centre.
Tenure
Freehold - title number: LL247404
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
For sale via secure sale online bidding - terms and conditions apply.
Lea Road School, Lea Road, Gainsborough, Lincolnshire DN21 1LX
Substantial former school building occupying a prominent riverside position close to Gainsborough town centre.
Constructed in 1906, this attractive detached period property is arranged over ground and first floors and sits on a regular shaped site with frontage to Lea Road and land to the rear suitable for parking and landscaping. The building is currently vacant and requires full refurbishment.
Full planning permission has been granted (8 September 2023) for the conversion to 28 residential apartments (Class C3) comprising 23 two bedroom units and 5 one bedroom units, many designed as duplex apartments with mezzanine levels.
A rare opportunity to acquire a landmark redevelopment project with significant residential development potential in an established market town setting.
Measurements approximately ; 2479 sqm
Description
Substantial former school building.
Location
Prominent riverside position close to Gainsborough town centre.
Tenure
Freehold - title number: LL247404
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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