Situation: The property is situated on Church Street, Gainsborough, a pleasant and central location in the heart of this traditional Lincolnshire market town. There are a wide range of facilities and amenities including the Marshalls Yard Retail and Leisure complex, along with the town centre, currently nearing completion of a comprehensive development scheme, including the Savoy Cinema complex. Gainsborough itself offers excellent access to the surrounding towns and the cities of Lincoln and Doncaster. Description: A traditionally constructed, 5 bedroom, semi detached house, ideal for investors and developers alike, offering versatile and well proportioned accommodation throughout. The property will appeal to all corners of the property investment market, with the addition of a self contained former café premises to the rear of the residential property. The property offers scope to add value for resale following renovation works, or the rental market with projected rent for a property of this size of circa £1200pcm (£14,400 per annum), and the commercial aspect at the rear gives scope for an additional £6000 per annum. The property has scope to achieve approximately £20,000 per annum in income overall. Subject to planning permission being obtained, the house may also be suitable to split into flats or reconfigure for conversion to HMO. Accommodation Ground Floor Entrance Hallway Sitting Room Dining Room Kitchen First Floor Bedroom 1 Bedroom 2 Bedroom 3 Ensuite Shower Bathroom Second Floor Bedroom 4 Bedroom 5 Outside Self contained former café premises and front and rear gardens.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 District Council – BAND A Possession: Vacant possession will be given upon comple

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Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Additional Fees

Buyer's Premium - Non-refundable £1,500 inc VAT payable on the fall of the virtual gavel.

Administration Charge - Non-refundable £1,500 inc VAT of the purchase price, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.