First Floor 43 Lord Street, Gainsborough DN21 2DD

Property Overview

First Floor 43 Lord Street, Gainsborough DN21 2DD is a freehold commercial property accessed from the main shopping thoroughfare and via a private gated courtyard. It offers scope for conversion into a range of residential properties, subject to planning permission.

Accommodation

• Ground Floor: Access
• First Floor: Room/Former Kitchen, Room, Room, Room, Room/Kitchen, Room and WC

Location

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

Tenure & Key Information

• Tenure: Freehold
• Property type: Commercial Property
• Council: West Lindsey Council
• Lease, EPC, council tax band, parking, heating and occupancy information: Not supplied
• Interested parties should make their own enquiries to 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: Please see the legal pack for any disbursements that may become payable by the purchaser on completion.

Investment Analysis

HB estimates: No reliable estimate of market value, GDV, refurbishment cost, rent, gross yield or maximum bid can be calculated from the supplied evidence. No rental evidence, floor area, commercial use, condition or occupancy information has been supplied.

The supplied Hull sold comparables are not comparable to this commercial property in Gainsborough and have not been used in the HB analysis. The £1,000 guide price is stated to be plus fees. The known £3,600 administration charge means at least £4,600 before the purchase price and any other costs, assuming the charge applies.

Sold Comparables

HM Land Registry sold data supplied for the following freehold terraced houses in Hull. These are not considered comparable to the subject commercial property and have not been used in the HB estimates.

Property	Sale price	Sale date	Type	Tenure
3, Kilton Court, Hull, HU8 9FE	£105,000	30 July 2024	Terraced	Freehold
5, Kilton Court, Hull, HU8 9FE	£108,500	16 June 2023	Terraced	Freehold
15, Kilton Court, Hull, HU8 9FE	£125,000	23 October 2020	Terraced	Freehold
24, Kilton Court, Hull, HU8 9FE	£109,000	1 February 2019	Terraced	Freehold
3, Kilton Court, Hull, HU8 9FE	£96,000	21 September 2018	Terraced	Freehold

Rental Evidence

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

Strategy & Risks

HB estimate: Do not bid on valuation assumptions. Establish the commercial use, floor area, condition, vacant or tenanted status, title position and all buyer costs before bidding. Treat the £3,600 administration charge as a significant fixed cost; proceed only if independent due diligence supports a value comfortably above the total acquisition cost.

• No usable comparable evidence for this commercial property.
• No rental evidence or auctioneer rent estimate supplied.
• No floor area, commercial use, condition or occupancy information supplied.
• The £3,600 administration charge is payable on exchange, in addition to the £1,000 guide price and other possible fees.
• Market value, refurbishment cost, yield and maximum bid cannot be calculated reliably from the supplied evidence.
• Any proposed residential conversion is subject to planning permission.
• Services, apparatus and equipment have not been tested and cannot be verified as being in working order.