6-8 Church Street Gainsborough Lincolnshire DN21 2JH

6-8 Church Street
Gainsborough
Lincolnshire
DN21 2JH

Freehold Retail Investment

Let to a Charity - Performing Arts Club St Johns C.I.C. (t/a Connexions Community Hub)
Recently renewed 8 year lease from May 2022 (subject to option)
Recently rebranded shop fascia
VAT free investment
Close to Marshall's Yard Shopping Centre where retailers include M&S Simply Food, Poundland, Superdrug, Greggs and Next
Historic Market Town

Lot
47
Auction
13th July 2023
Rent
£9,800 per Annum Exclusive
Status
Sold
Price
£90,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Let to a Charity - Performing Arts Club St Johns C.I.C. (t/a Connexions Community Hub)
Recently renewed 8 year lease from May 2022 (subject to option)
Recently rebranded shop fascia
VAT free investment
Close to Marshall's Yard Shopping Centre where retailers include M&S Simply Food, Poundland, Superdrug, Greggs and Next
Historic Market Town

Lot 47
Auction 13th July 2023
Rent £9,800 per Annum Exclusive
Status Sold
Price £90,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 19 miles north of Lincoln, 39 miles east of Sheffield
Rail: Gainsborough Central Rail Station
Air: Leeds Bradford International Airport

Situation

The property is situated in the heart of the town centre, close to Marshall's Yard Shopping Centre, where retailers include M&S Simply Food, Poundland, Superdrug, Greggs and Next. Other nearby retailers include B&M, Boots the Chemist and Domino's.

Tenure

Freehold.

Location

Miles: 19 miles north of Lincoln, 39 miles east of Sheffield
Rail: Gainsborough Central Rail Station
Air: Leeds Bradford International Airport

Situation

Tenure

Freehold.

Description

The property comprises a shop arranged on the ground and first floors. The property benefits from separate access to the first floor, accessed from the front.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Description

The property comprises a shop arranged on the ground and first floors. The property benefits from separate access to the first floor, accessed from the front.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Rent Review
Ground First	Retail/Ancillary Ancillary	81.50 76.70	(877) (826)	PERFORMING ARTS CLUB ST JOHNS C.I.C. (t/a Connexions Community Hub) (2)	8 years from 27/05/2022 (3) on a full repairing and insuring lease	£9,800	27/05/2025 and 27/05/2028
Total		158.20	(1,703)			£9,800

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) Connexions Community Hub offers an inclusive, safe space for parents, guardians or home childcare providers to talk with others openly about anything parent/child related. The charity also offers a personalised development youth programme tailored around their skills, interests and hopes for the future (www.connexionscommunityhub.co.uk)
(3) The lease is subject to a tenant only option to determine on 27/05/2026

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.