Terraced house · DN21 1DY
To rentReduced £4k (−91.7%) on 23 SepListed 117 days · slow let
Opportunity summary
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About
An excellent opportunity to take a lease on this superb office accommodation with sizes from 200 sqft. The property has excellent parking facilities.
The property has excellent conference and meeting facilities, full fitted shared kitchens.
GENERAL Mercury House Business and Conference Centre (Gainsborough) provides spacious, modern office space to rent, and conference and meeting rooms to hire.
The building offers support to businesses by providing 24/7 access and the facilities required to make working life easy for small to medium businesses.
Location Located in an enviable location on the up-and-coming commercial space of Foxby Lane Business Park, Mercury House is easily accessible from Gainsborough and the surrounding villages, as well as Lincoln and neighbouring towns, including Scunthorpe and Retford.
ACCOMMODATION The building offers space from 230 sqft to 612 sqft on ground, first and second floor. The property offers excellent parking facilities.
A shared reception with lift access to upper floors. The property offers conference and meeting rooms for hire. The building offers 24/7 access.
The rental offer includes a staffed reception, a communal lounge/break-out area, super-fast broadband, free Wi-Fi throughout the building, individual office alarms, 24/7 CCTV (both internally and externally), meeting rooms, kitchens and toilets on each floor, with showers on 2 floors, and a lift servicing all floors, to allow full accessibility.
The Business Centre offers free parking for tenants and visitors (subject to availability), with electric vehicle charging points.
The kitchens are fitted with fridges, microwaves, toasters and water boilers for shared use, with a cold-water machine on the communal area on each floor, and a coffee machine.
PLANNING Planning use class E TENURE Flexible leases provide tenants with the security they need to grow their businesses but with the ability for them to terminate on just one month's notice.
The offer of a commercial tenancy is Subject to Contract and Council Approval, following a successful application process.
SERVICES Included within the Lease: • Postal delivery and collection to/from site • Individual intruder alarm to offices • Grounds maintenance • Cleaning of communal areas • External window cleaning & common area glass cleaning • Monitored out of hours security • Building Insurance • Heating • Phone handsets and a dedicated telephone line • Waste disposal CEPC CEPC rating of B LEGAL COSTS Not applicable VAT Exclusive of VAT LOCAL AUTHORITY West Lindsey District Council Guildhall Marshalls Yard Gainsborough Lincolnshire DN21 2NA Tel VIEWINGS Contact Pygott & Crone Commercial
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
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 Mercury House Willoughton Drive, Gainsborough
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