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Terraced house for sale
172-176 Trinity Street, Gainsborough DN21 1JW
£50,000
172-176 Trinity Street, Gainsborough DN21 1JW
£50,000
Price History
Initial price | £95,000 |
22/10/24 | £50,000 |
Price Change | -47.37% |
Description
This property is a mixed-use building located in the heart of Gainsborough, Lincolnshire, offering excellent access to the town's amenities and facilities. The property comprises a ground floor retail unit, currently let to an established business, and two self-contained flats on the first and second floors. The first floor flat is in need of some improvement work, but has potential for additional income. The total potential income of the property, with rents at market value and further improvement works, is approaching £20,000 per annum. The property is freehold, and prospective bidders should satisfy themselves of the tenure by inspecting the legal pack. The property is being sold with vacant possession, subject to existing tenancy agreements, and viewing is strictly by appointment with Auction House.