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

Property Overview

Commercial property at 6 White Lion Yard, Lord Street, Gainsborough DN21 2DD. The supplied description refers to a well-positioned ground-floor property suitable for office or lock-up shop use, accessed via a gated courtyard. It may offer scope for further development and may be of interest alongside the larger premises and separate shop on Lord Street, offered as a separate lot. An internal viewing is recommended.

Accommodation

• Ground-floor lock-up shop/office space
• Shared WC facilities

Location

Situated in the heart of Gainsborough town centre, a traditional Lincolnshire market town. Nearby occupiers include Halifax, Yorkshire Building Society, Boots, and local and small business operators. Gainsborough provides access to Scunthorpe, Retford, Doncaster and Lincoln.

Tenure & Key Information

• Tenure supplied: Leasehold.
• The property description supplied refers to acquiring the freehold; this should be checked against the legal pack and title information.
• West Lindsey Council.
• Lease terms, remaining term, ground rent, service charges, occupancy, tenant status, EPC, parking, heating and property size have not been supplied.
• Interested parties must make their own enquiries regarding services. 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 at 13:00.
• Administration charge: £3,600 inc VAT, payable on exchange of contracts.
• Disbursements may apply; please see the legal pack.
• Special Conditions of Sale may include search fees, reimbursement of seller's costs, legal fees and transfer fees.
• Buyer premium: not supplied.

Investment Analysis

HB estimates: no market value, refurbishment, rental, gross yield or maximum bid estimate has been provided. Market value and investment returns cannot be reliably estimated because the property size, use, condition, lease terms, rent and tenant information are unknown.

The supplied sold comparables are leasehold flats in Hull and are not sufficiently comparable to this Gainsborough commercial property.

Sold Comparables

Source: HM Land Registry sold data supplied. These are leasehold flats in Hull and should not be treated as directly comparable evidence for this commercial property.

Rental Evidence

No advertised rental evidence was supplied. No achieved or passing rent has been provided. An Auctioneer Estimated Rent was not supplied, and no HB rental estimate is available.

Strategy & Risks

HB estimate and strategy: do not bid on financial metrics alone. Obtain and review the lease, permitted use, service-charge and rent information, title, condition and all auction fees before considering a bid. The known administration charge is £3,600 inc VAT, payable on exchange.

• Insufficient evidence to establish market value or rental income.
• Commercial property use, size and condition are not supplied.
• Lease terms, remaining term, ground rent and service charges are unknown.
• Occupancy and tenant status are unknown.
• The £3,600 administration charge is substantial relative to the £1,000 guide price.
• The supplied comparables are leasehold flats in Hull and may not be relevant.
• Buyer premium and other possible acquisition costs are not supplied.