Dafydd Hardy

24 Church Street, Gainsborough, Lincolnshire, DN21 2JJ

  • Unconditional Online Auction Sale
  • Guide Price * : £37,000 Plus fees

FOR SALE BY UNCONDITIONAL ONLINE AUCTION. On behalf of Martin & Co - Gainsborough


  • Retail unit approximately 900sq ft
  • Prominent town centre location
  • Close to Gainsborough's central market square
  • Large display windows
  • EPC Rating: C

Property Description

FOR SALE BY UNCONDITIONAL ONLINE AUCTION. On behalf of Martin & Co - Gainsborough



A great opportunity to acquire this well proportioned retail shop unit approaching 900sq ft, located in a prominent town centre location, close to Gainsborough's central market square. A large display window gives great opportunity to take advantage of passing foot flow and vehicle traffic in the way of shop front advertising. The main shop floor measures 38'4 x 15'4'' giving excellent retail space that is suitable for a number of uses. The unit is in a ‘ready to go’ condition with suspended ceilings and low voltage lighting. To the rear, a useful store room with separate WC and walk in store cupboard are also included. This is a great opportunity for buyers to acquire a shop unit that is not only a good prospect for businesses, but offers appealing rental yields in the region of 10-12% gross for investor landlords.


Main Shop Floor

With prominent window frontage and well presented display/retail space that approaches 600 sq ft . 38'4'' X 15'4''


Rear Shop Floor

With upvc doorway to the rear, twin drainer stainless steel sink unit. 23'6'' x 13'6'' max inc the WC and store room


Wc

with low level WC, wash hand basin and window to the rear


Walk in Store Cupbpard


Tenure
See Legal Pack

Legal Pack

The legal pack will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.


*Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price, also known as a Guide Price, is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms which is available to download on our SDL Auctions website.


Online Auction Registration

Every online bidder on SDL Auctions must first create an account on the online section of the SDL Auctions website - sdlauctions.co.uk/property-auctions/online/
This is a straightforward process. Starting the registration includes filling out your personal details, verifying your email address, and accepting the Online Auction ‘Terms and Conditions’. Once you have done this you will be able to search, ‘watch’ lots and download legal documents.
After starting the registration process you can come back to it to complete at a later date. We suggest completing the registration process at least 3 working days before the lot is due to end, in case you have any problems and need to contact the auctioneers.
In order to bid, you will need to be authorised for money laundering purposes. This includes uploading copies of two forms of identification and passing a anti-money laundering check. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.


Unconditional Online Auction Procedure

If you are the successful bidder you will be legally obliged to buy the property for the full purchase price. At the end of the auction, you are charged 5% deposit (subject to a minimum fee of £5000) and exchange of contracts takes place. The deposit contributes towards the purchase price. By placing a bid, you are authorising the auctioneer to sign the auction contract on your behalf.

The sale of each Lot is subject to a Buyers Fee of 4.8% Inc VAT (or 4.2% Inc VAT in London), subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.

We will automatically charge you £6,000 (using the payment details provided at the registration stage) if you are the successful bidder, as a payment towards the Buyers Fee and deposit. You will be required to pay any outstanding amounts (minimum of £5,000) immediately after the end of the auction, which can be paid by debit card or bank transfer.
Full terms and conditions are available on the SDL Auctions website - sdlauctions.co.uk/wp-content/uploads/2019/04/SDL-Auctions_buyer-terms.pdf


Joint Agent

Martin & Co - Gainsborough



Minimum Opening Bid

£37,000

Enter Bid (Min £37,000)

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Joint Agent

For viewings please contact:
Martin & Co - Gainsborough
01427 611833

Legal Documents

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