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Description

  • Status: Available
  • Type: Land
  • Ownership: Leasehold
  • Occupation: Vacant

RARE INVESTMENT OPPORTUNITY. Brick built garage located in popular residential location within Gainsborough, Lincolnshire. Potential for investment or owner-occupation. Rental potential- £200per week

REALISTIC POTENTIAL RENTAL INCOME OF UP TO £200pcm (£2,400 per annum) giving excellent potential return in HIGH DEMAND LOCATION close to the busy town centre.

This garage forms part of a block of 12 section and preformed garages with steel lockable up and over doors accessed via a tarmac forecourt. Easy investment in popular location.

There is significant demand for private, enclosed parking amongst town centre workers generating an additional potential use with 0.5 miles of the main shopping/ business district within Gainsborough.

The garage is located close to the town centre it lies in an area surrounded by residential dwellings where parking and garage facilities appear to be in premium demand. The centre of Gainsborough.

RARE INVESTMENT OPPORTUNITY. Brick built garage located in popular residential location within Gainsborough, Lincolnshire. Potential for investment or owner-occupation. Rental potential- £200per week REALISTIC POTENTIAL RENTAL INCOME OF UP TO £200pcm (£2,400 per annum) giving excellent potential return in HIGH DEMAND LOCATION close to the busy town centre. This garage forms part of a block of 12 section and preformed garages with steel lockable up and over doors accessed via a tarmac forecourt. Easy investment in popular location. There is significant demand for private, enclosed parking amongst town centre workers generating an additional potential use with 0.5 miles of the main shopping/ business district within Gainsborough. The garage is located close to the town centre it lies in an area surrounded by residential dwellings where parking and garage facilities appear to be in premium demand. The centre of Gainsborough. Leasehold property on extended, long-term lease.

Gainsborough is a major market town, inland port and civil parish in the West Lindsey district of Lincolnshire, England. The town population was 20,842 at the 2011 census and estimated at 23,243 in 2019. It lies on the east bank of the River Trent, 18 miles (29 km) north-west of Lincoln, 16 miles (26 km) south-west of Scunthorpe, 20 miles south-east of Doncaster and 39 miles (63 km) east of Sheffield. It is England's furthest inland port at over 55 miles (89 km) from the North Sea

Full Address:  Wall Street, Garage 4, Gainsborough, Lincolnshire, DN21 1HZ

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Pricing Information & Bidding

Opening Bid: £9,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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