43 Lord Street, Gainsborough, Lincolnshire DN21 2DD

Property Overview

43 Lord Street, Gainsborough, Lincolnshire DN21 2DD is a ground floor retail unit in a prominent town-centre position. The property was previously occupied as a florist shop and requires a full scheme of refurbishment owing to fire damage. The marketing description refers to acquiring the freehold; the supplied tenure is stated as leasehold. This should be verified in the legal pack.

Accommodation

• Ground Floor: Retail Area
• Rear Storage/Preparation Area
• Ancillary Space

No floor area has been supplied.

Location

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

Tenure & Key Information

• Property type: Commercial Property
• Supplied tenure: Leasehold
• Occupancy: Not supplied
• EPC, council tax, parking and heating: Not supplied
• Lease terms, lease length, ground rent and service charges: Not supplied
• Services: Interested parties should make their own enquiries with the relevant authorities regarding availability. Services, apparatus and equipment have not been tested by Auction House and cannot be verified as being in working order.

Auction & Buyer Charges

• Guide price: £1,000 plus fees
• Auction date: 05 October 2026
• Auction time: 13:00
• Administration charge: £3,600 inc VAT, payable on exchange of contracts
• Other disbursements may apply; purchasers should review the legal pack. Special Conditions of Sale may include search fees, reimbursement of seller's costs, legal fees and transfer fees.

Investment Analysis

HB estimates: No estimated market value, refurbishment cost, rent, gross yield or maximum bid has been provided. The available evidence is insufficient to estimate these figures reliably. The £1,000 guide price is not a reliable indication of market value, and the £3,600 administration charge is payable on exchange before any other fees or purchase costs.

Sold Comparables

The supplied sold evidence comprises leasehold flats in Hull and is not reliable or directly relevant evidence of value for this unspecified 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

The only supplied rental evidence is an advertised asking rent of £700 pcm for a three-bedroom flat in Gainsborough, sourced from OpenRent. This is not achieved or passing rent and cannot be applied to this commercial property. No auctioneer estimated rent or HB rental estimate has been provided.

Strategy & Risks

Do not bid based on the £1,000 guide price alone. Obtain and review the legal pack, tenure and lease length, ground rent, service charges, permitted use, rates liability, possession status, floor area, condition and any occupational income. Bid only after an independent commercial valuation and full cost assessment.

• Insufficient evidence to estimate market value or rent.
• The property requires refurbishment owing to fire damage, with repair requirements not quantified.
• Leasehold liabilities and remaining lease term are unknown.
• Occupancy and income status are unknown.
• Condition, permitted use and commercial viability are unknown.
• The £3,600 administration charge is payable on exchange and excludes other purchase costs.