Situation: The property is situate in the heart of this traditional Lincolnshire market town, on the main thoroughfare to the market square, which is nearing the final stages of a substantial regeneration project, which has welcomed many new businesses to the town centre. There continues to be further opportunity for redevelopment and growth, with demand for both residential and commercial units within the town centre. The new Savoy Cinema complex has recently opened within 100 metres of this property, alongside the recently opened riverside gardens and walk. Gainsborough offers a diverse range of facilities and amenities, including the Marshalls Yard Retail and Leisure Complex, along with excellent transport links to the surrounding towns of Retford and Scunthorpe, along with the Cities of Lincoln and Doncaster. Description: A wonderful opportunity to acquire this substantial Grade II listed former bank premises, with accommodation arranged over 2 floors, giving scope for the potential developer within a prime position of the town centre. The use class for the property is currently Class E, but given the nature and size of the building, subject to the necessary consents being obtained, could be repurposed for a wide range of potential purposes, including restaurant, serviced office accommodation, residential conversion etc. At the time of preparing these details, the rental market within the town is strong, and demand is high, with a shortage of high-quality properties available on the rental market. Subsequently, a strong yield, and opportunity to add value makes this an enticing prospect.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 Possession: Vacant possession will be given upon completion. Viewing: Strictly by appo

Portrait Video Tour

False

Energy Efficiency Rating (EPC)

Current Rating C

Services

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

Additional Fees

Administration Charge - Non-refundable £3,600 inc VAT payable on the fall of the virtual gavel.

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.