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Gibson House

Office for sale

£425,000 7,013 sq ft

Pygott & Crone
View the performance or update the listing in CoStar
Contact name

Jasper Caudwell - Pygott & Crone

Full address
Gibson Rd, Gainsborough DN21 5TL – DN21
Property type
Office for sale
Asking price
£425,000
Available space range
There is 1 space available. This measures 7,013 sq ft.
Features
Storage Space
Brochure
Download the brochure

Sale details

Sale unit 2821755 Available

7,013 sq ft, £60.60 per sq ft

Unit Sale unit 2821755
Address Gibson Rd, Gainsborough, Lincolnshire, DN21 5TL, GB
Size 7,013 sq ft
Price £425,000
Price per unit £60.60 per sq ft
Unit Sale unit 2821755
Address Gibson Rd, Gainsborough, Lincolnshire, DN21 5TL, GB
Size 7,013 sq ft
Price £425,000
Price per unit £60.60 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 10.11%
Financial type Actual
Financial year 2017
Net operating income £42,950

Sale notes

  • The investment comprises ground and first floor office accommodation with a two bed residential flat on the second floor.
  • The property currently offers rental income of approx £45,000 pa, with the potential of £65,000..
  • The freehold interest of the property is available for £500,000..

Property description

The property comprises a brick built building arranged over three floors. The building provides ground and first floor office space with residential accommodation the second floor.

The property is located a short distance off the A15 between Lincoln and Scunthorpe. Kirton Lindsey offers the closest railway station.

Building subtype
Office residential
Number of storeys
3
Parking ratio
7.58
Rentable building area
7,013 sq ft
Year built
1936

Attachments

PDF #1 Marketing brochure/flyer Download
PDF #2 Marketing brochure/flyer Download

This office for sale is located in DN21.

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View the performance or update the listing in CoStar

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Pygott & Crone. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Pygott & Crone for full details and further information.