Description
The property comprises a mid-terrace retail unit of traditional brick construction, with a ground floor double fronted retail unit and two floors of ancillary accommodation over.
Internally the property is finished off to a reasonable standard.
The property occupies a prominent position overlooking the Market Place with a good range of national and regional occupiers situated nearby, including Boots, Peacocks, Heron, Superdrug, WH Smith, Argos and Sports Direct. The town’s thriving Market trades on a Tuesday and Saturday.
Funding is currently available on the property for external renovation works - circa £48,000 at 75% intervention rate. This is to support remedial works to the roof, rainwater goods and damaged render. The funding is part of the wider Townscape Heritage Initiative which is just one element of the £18m Thriving Gainsborough 2024 Levelling Up Fund project currently in delivery.
location
Gainsborough is a historic Market Town with a population of over 20,000 people and a resident catchment within 20km of just over 133,000. It is the administrative and shopping centre for the District of West Lindsey and is situated 15 miles north west of Lincoln, and a similar distance south east of Doncaster and 12 miles south of Scunthorpe.
The property occupies a prominent position on the Town’s Market Place, close to a good range of national and regional retailers, including Boots, Peacocks, Heron, Superdrug, WH Smith, Argos and Sports Direct. It has a well regarded market which trades on a Tuesday and Saturday.
The Town has seen significant investment in recent years, particularly with the development of Marshalls Yard, a £40m mixed use regeneration project, which provides a popular and thriving retail scheme, attracting shoppers from a wide catchment into the town centre. Occupiers within this scheme includes : Next, M&S Food, Fat Face, Holland & Barrett, The Range, Wilkos, Costa Coffee and Prezzo.
SERVICES
We understand all mains services are available and connected to the property. These have not been tested and interested parties are advised to make their own investigations to the relevant utility service providers.
Town & Country Planning
We understand that the property has consent for uses falling within Class E (Commercial, Business & Services Use) of the Town and Country Planning (Use Classes) Order 1987 (as amended 2020).
Class E now encompasses a number of uses formerly known as A1 (Retail), A2 (Professional & Financial Services), A3 (Restaurant & Cafés), B1 (Business) and D1 (Clinics, Health Centre, Crèche & Day Nurseries).
Tenure
The freehold interest is available For Sale with vacant possession on completion.
VAT
VAT may be charged in addition to the rent at the prevailing rate.
Legal Costs
Each party is to be responsible for their own legal costs incurred in documenting the transaction.