House · DN21 2DD
For saleListed 1 dayAuction 16 Nov · in 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*ONLINE Unconditional Auction Opening 16 November 2026* To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire Situation: The property is located in the heart of Gainsborough town centre, being a popular and traditional Lincolnshire market town.
The town centre itself is undergoing significant regeneration thanks to Lottery Grant Funding.
Many of the historic shop fronts have been, or are being restored, with the addition of residential conversions as well.
There is also a Savoy Cinema complex under construction, with additional retails/restaurant units. Nearby occupiers include Halifax, YBS, Boots, and a wide range of local and small business operators.
Gainsborough itself is well positioned for access to the surrounding towns of Scunthorpe and Retford, along with Cities of Doncaster and Lincoln.
Description: A wonderful opportunity to acquire the freehold of this well positioned ground floor light industrial/warehousing unit providing an ideal opportunity for a workshop along with WC and ancillary facilities.
The site, accessed via a gated courtyard, may well offer scope for further development as part of the larger premises.
An internal viewing is a must to appreciate the scope and potential of this property. Accommodation Ground Floor: Double doors Open Plan Warehouse/Ligh industrial unit.
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 Viewing: Strictly by appointment with Auction House.
Services: Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities.
NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order.
The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract.
Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only.
Prospective purchasers are advised to make their own enquiries of the appropriate Authority. Information relating to Phone & Broadband can be found by visiting Ofcom.
All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
Any potential rental incomes are approximate based on Rightmove data at the time of preparing the details and bidders are advised to check with a local agent for an accurate valuation.
Tenure: See Legal Pack Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
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Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Industrial Unit, White Lion Yard, Lord Street, Gainsborough DN21 2DD
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