Summary - 7-9, SILVER STREET DN21 2DU
1 bed 1 bath Commercial Property
Prime, flexible building for developers or investors in a regenerating market town.
Grade II listed former bank with period arched windows
A rare town-centre investment opportunity: this Grade II listed former bank occupies a prominent position on Silver Street, close to the market square, new cinema complex and riverside gardens. Arranged over two floors with period red-brick arched windows and adaptable internal space, the building benefits from a Class E use and good local footfall — creating flexible options for retail, office, hospitality or a mixed residential conversion (subject to consents).
The property is offered freehold with vacant possession and sits within a regeneration area where demand for quality town-centre space is strong. Practical positives include fast broadband and excellent mobile signal, a decent plot and an EPC rating of C. Immediate rental or redevelopment potential could produce strong returns for an investor or developer prepared to capitalise on the town’s improving amenities.
Buyers should note material constraints: the building is Grade II listed (listed status will cause difficulties and consent constraints) and parts of the interior require modernization — the narrow early-20th-century staircase and corridor are basic and will need upgrading. The area records very high crime and is very deprived; that impacts lettings, insurance and security costs. Services are unverified and purchasers must confirm statutory connections and costs themselves.
Sale is by online unconditional auction (fees apply). An administration fee and buyer’s premium of £2,160 each (inc. VAT) are payable on exchange; bidders must inspect the legal pack and satisfy themselves on tenure, planning, and any disbursements. This is a hands-on redevelopment play suited to an investor or developer comfortable with heritage constraints and town-centre refurbishment projects.
Commercial property for sale in 86 Church Street, Gainsborough, Lincolnshire DN21 2JS, DN21 — £30,000 • 1 bed • 1 bath
Property for sale in 88 - 90 Church Street, Gainsborough DN21 2JR, DN21 — £10,000 • 1 bed • 1 bath
Commercial property for sale in Rear of 86 Church Street, Gainsborough, Lincolnshire DN21 2JS, DN21 — £10,000 • 1 bed • 1 bath
Commercial property for sale in 69 North Street, Gainsborough, Lincolnshire DN21 2HU, DN21 — £10,000 • 1 bed • 1 bath
2 bedroom terraced house for sale in Etherington Street, Gainsborough, Lincoln, Lincolnshire, DN21 2EW, DN21 — £66,000 • 2 bed • 1 bath • 743 ft²
5 bedroom semi-detached house for sale in 67 Church Street, Gainsborough DN21 2JX, DN21 — £75,000 • 5 bed • 1 bath
