Summary - 86, CHURCH STREET DN21 2JS
1 bed 1 bath Not Specified
Auction lot with conversion potential for experienced investors and developers.
Freehold three-storey building with substantial ground-floor retail area
A rare auction opportunity in the heart of Gainsborough, this Grade II listed freehold spans three floors with substantial ground-floor retail space and upper-floor rooms. The site sits close to Marshalls Yard and All Saints Church and benefits from strong mobile signal and fast broadband — useful for mixed commercial and residential use.
The property offers significant redevelopment potential subject to planning consent. It could be converted into multiple residential units and commercial premises for income or capital uplift; the decent plot and town-centre location support a viable scheme for an experienced investor or developer. Vacant possession will be given on completion.
Buyers must note material constraints: the listing status will complicate changes and requires specialist consent; the property is sold at auction with an administration fee of £3,600 payable on exchange. Services and equipment have not been tested — purchasers should verify utilities and legal/title matters via the legal pack.
The surrounding area is currently targeted for regeneration, but the immediate locality scores very high for crime and is very deprived. These factors may affect rental demand, financing and phasing. This is best suited to a buyer experienced with listed conversions, renovation budgets and regeneration-area risks.
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