Industrial Unit, White Lion Yard, Lord Street, Gainsborough DN21 2DD

Description

A wonderful opportunity to acquire the freehold of this well positioned ground floor light industrial/warehousing unit providing an ideal opportunity for a workshop along with WC and ancillary facilities. The site, accessed via a gated courtyard, may well offer scope for further development as part of the larger premises. An internal viewing is a must to appreciate the scope and potential of this property.

Accommodation

Ground Floor: Double doors; open plan warehouse/light industrial unit.

Location

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

Tenure / Property Information

Investment Analysis

No completed sales, valuation evidence or directly comparable commercial rental evidence is supplied. The guide is £15,000–£25,000 plus fees, with a known £3,600 including VAT administration charge. Buyer premium, disbursements, legal costs, ground rent and service charge are unspecified. The description refers to acquiring the freehold, while the tenure field states leasehold; this must be resolved from the legal pack. The stated scope for further development is only potential and is not supported by planning or valuation evidence.

Investment Snapshot

Strategy Recommendation

Proceed only as a commercial owner-occupier or speculative commercial acquisition after internal inspection, legal-pack review and independent commercial valuation. Do not rely on the supplied residential rental listing or unverified development potential.

Works Required

No specific defects or works are evidenced. Arrange an internal inspection to assess the warehouse, double doors, WC and ancillary facilities, and obtain legal, planning and access information before budgeting any works.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be supported because there is no commercial rent, GDV, refurbishment budget, finance cost or confirmed tenure basis. Refinancing would also depend on the legal title, lease terms and lender valuation.

Buy-to-Let Analysis

A BTL yield cannot be established. The only rental evidence is an advertised £1,000 pcm rent for a three-bedroom first- and second-floor property in the same yard, which is not directly applicable to this ground-floor commercial unit. No commercial rent, passing tenancy or occupancy is supplied.

Flip Analysis

A flip assessment cannot be supported because no commercial comparable sales, GDV, works budget or selling-cost allowance is supplied. Any development potential remains unverified.

Investor Risks & Due Diligence

• Freehold wording conflicts with the stated leasehold tenure; legal title and lease terms require verification.

• Ground rent and service charge, if applicable, are unspecified.

• Buyer premium, disbursements, legal costs, transfer fees and other charges are unspecified.

• No internal condition evidence or inspection findings are supplied.

• Further development is described only as potential, with no planning or permission evidence.

• The available £1,000 pcm rental evidence concerns a different three-bedroom upper-floor property and is not a commercial rent for this unit.

• No EPC, commercial valuation or completed sale comparables are supplied.

Recommendation

Proceed only as a commercial owner-occupier or speculative commercial acquisition after internal inspection, legal-pack review and independent commercial valuation. Do not rely on the supplied residential rental listing or unverified development potential.

Strategy Rating

Analysis Confidence

The evidence lacks commercial rental and sales comparables, condition details, EPC, valuation, works costs and several fee figures. The freehold/leasehold description is also inconsistent.