4 White Lion Yard, Lord Street, Gainsborough DN21 2DD

Property Overview

4 White Lion Yard, Lord Street, Gainsborough DN21 2DD is a leasehold commercial property comprising a ground-floor lock-up shop or office space. The supplied property description refers to acquiring the freehold; however, the stated tenure is leasehold and this should be confirmed through the legal pack.

Accommodation

• Ground Floor: Lock-up shop/office space

The property is accessed via a gated courtyard. The supplied description indicates that there may be scope for further development as part of the larger premises and adjacent buildings within White Lion Yard, which are offered as separate lots. Buyers must verify this potential and all relevant permissions.

Location

The property is located in the heart of Gainsborough town centre, a traditional Lincolnshire market town. Nearby occupiers include Halifax, YBS, Boots and a range of local and small business operators. Gainsborough has access to Scunthorpe, Retford, Doncaster and Lincoln.

Tenure & Key Information

• Tenure: Leasehold
• EPC: Not supplied
• Council Tax: Not supplied
• Parking: Not supplied
• Heating: Not supplied
• Lease terms and remaining lease length: Not supplied

Interested parties should make their own enquiries with the relevant authorities regarding the availability of services. Services, apparatus and equipment have not been tested by Auction House and cannot be verified as being in working order.

Auction & Buyer Charges

• Auction date: 05 October 2026
• Auction time: 13:00
• Guide price: £1,000 plus fees
• Administration charge: £3,600 including VAT, payable on exchange of contracts
• Buyer premium: Not supplied

Disbursements should be checked in the legal pack and may become payable by the purchaser on completion. Special Conditions of Sale may include search fees, reimbursement of the seller’s costs, legal fees and transfer fees.

Investment Analysis

HB estimates: No reliable market value, GDV, rental estimate, yield or maximum bid can be calculated from the supplied evidence. No formal valuation is provided. The available evidence does not include commercial comparables, rental evidence, floor area, condition, lease terms or occupancy information.

The £3,600 including VAT administration charge is known and is payable on exchange, in addition to the bid and other buyer costs.

Sold Comparables

HM Land Registry sold data supplied comprises leasehold flats in Hull and is not directly comparable with this leasehold commercial property in Gainsborough.

Property	Sold price	Sold date	Type	Tenure
23 Kilton Court, Hull, HU8 9FE	£80,000	29 June 2026	Flat/Maisonette	Leasehold
9 Kilton Court, Hull, HU8 9FE	£65,000	11 July 2025	Flat/Maisonette	Leasehold
22 Kilton Court, Hull, HU8 9FE	£72,500	21 February 2025	Flat/Maisonette	Leasehold
19 Kilton Court, Hull, HU8 9FE	£80,000	28 October 2022	Flat/Maisonette	Leasehold
20 Kilton Court, Hull, HU8 9FE	£79,000	30 August 2022	Flat/Maisonette	Leasehold

Rental Evidence

No advertised rental evidence or passing rent has been supplied. No auctioneer estimated rent has been supplied. Asking or estimated rent should not be treated as achieved or passing rent.

Strategy & Risks

Proceed only after reviewing the legal pack and confirming the commercial use, lease terms, floor area, condition, liabilities and total buyer costs. Do not rely on the supplied Hull residential comparables. Establish the property’s commercial value and assess the affordability of the £3,600 administration charge before bidding.

• No directly comparable commercial sales supplied.
• No rental evidence or passing rent supplied.
• No floor area, condition, occupancy or commercial use details supplied.
• Lease terms and remaining lease length are unknown.
• The £3,600 including VAT administration charge is payable on exchange, in addition to the bid and other fees.
• The supplied residential Hull comparables provide no reliable valuation basis for this Gainsborough commercial property.