Second Floor 43 Lord Street, Gainsborough DN21 2DD

Property Overview

Second Floor 43 Lord Street, Gainsborough, DN21 2DD is a substantial second-floor commercial property with access from the main shopping thoroughfare and a private gated courtyard. The property offers scope to convert into a range of residential properties, subject to planning permissions being granted.

Accommodation

• Ground Floor: Access
• Second Floor: Room, Room, Room, Room, Store, Store

Bedrooms, occupancy, floor area, heating, parking and services information have not been supplied. Services, apparatus and equipment have not been tested by Auction House and cannot be verified as being in working order.

Location

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
• Tenure: See Legal Pack
• EPC: Not supplied
• Council Tax: The property falls within West Lindsey Council
• Lease, parking, heating, occupancy and services details: Not supplied

Interested parties should make their own enquiries with the relevant authorities regarding the availability of services. Tenure, permitted use, floor area, condition, occupancy and other legal details must be confirmed from the legal pack.

Auction & Buyer Charges

• Guide Price: £1,000 plus fees
• Auction Date: 05 October 2026
• Auction Time: 13:00
• Administration Charge: £3600 inc VAT payable on exchange of contracts
• Disbursements: Please see the legal pack for any disbursements that may become payable on completion.

Special Conditions of Sale may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. The £1,000 guide price plus the known administration charge totals £4,600 before any other fees, taxes or purchase costs. The guide price should not be treated as market value.

Investment Analysis

HB estimates: No estimated market value, GDV, refurbishment cost, rent, gross yield or maximum bid has been provided. The HB assessment is severely limited because tenure, floor area, current use, condition, occupancy and legal-pack details are unavailable.

Residential asking rents cannot be applied to this commercial property. Obtain commercial valuation and letting evidence before setting a maximum bid. Do not bid solely against the £1,000 guide price, and factor in the £3,600 administration charge and all other applicable costs.

Sold Comparables

HM Land Registry sold data supplied: The following comparables are in Hull and comprise flats/maisonettes and terraced properties. They are not considered reliable evidence of value for this Gainsborough commercial lot.

Property	Sold Price	Sold Date	Type	Tenure
23, Kilton Court, Hull, HU8 9FE	£80,000	2026-06-29	Flat/Maisonette	Leasehold
9, Kilton Court, Hull, HU8 9FE	£65,000	2025-07-11	Flat/Maisonette	Leasehold
22, Kilton Court, Hull, HU8 9FE	£72,500	2025-02-21	Flat/Maisonette	Leasehold
3, Kilton Court, Hull, HU8 9FE	£105,000	2024-07-30	Terraced	Freehold
5, Kilton Court, Hull, HU8 9FE	£108,500	2023-06-16	Terraced	Freehold

Rental Evidence

Advertised rental evidence only: The following residential asking rents are not achieved or passing rents and cannot support a commercial rent estimate for the subject property.

• 3 Bed Houses To Rent In DN21, OnTheMarket: detached, 3 bedrooms, £600 pcm.
• 3 Bedroom houses to rent in Woodfield Road, DN21, Lincolnshire – Page 5: semi-detached, 3 bedrooms, £425 pcm.

Strategy & Risks

• Review the legal pack for tenure, permitted use, floor area, service charge, liabilities, condition and vacant-possession or occupational details.
• Confirm whether residential conversion is permissible before relying on the proposed strategy.
• Insufficient evidence is available to establish market value or rental value.
• Commercial use, floor area, condition and occupancy are not supplied.
• Tenure is unresolved and must be confirmed from the legal pack.
• The supplied comparables are geographically and functionally mismatched.
• Residential asking rents cannot support a commercial rent estimate.
• The £3,600 administration charge is substantial relative to the guide price.
• Other buyer fees, taxes and legal-pack liabilities are not supplied.