Units 1-10 Dear Street, Market Rasen, Lincolnshire LN8

For sale by Auction on 30 September 2026.

A freehold investment opportunity comprising a range of light industrial units. Total gross income £20,040pa with scope to achieve circa £35,000pa fully let.

The property occupies a prominent commercial position on Dear Street, Market Rasen, an established industrial and employment location within the town. The estate benefits from excellent accessibility, being situated within close proximity to the town centre and approximately one mile from the A46, which provides direct links to Lincoln (18 miles), Grimsby (16 miles) and the wider regional road network.

Market Rasen is a thriving market town serving a substantial rural catchment and supports a diverse range of local businesses, trades, manufacturing and service industries. The town also benefits from a railway station with regular services to Lincoln and Grimsby, together with a comprehensive range of retail, leisure and banking facilities.

The surrounding area comprises a mix of industrial estates, trade counter operators, workshops and commercial premises, making the location particularly attractive to owner-occupiers, investors and businesses seeking flexible industrial accommodation.

Unit 1 - Workshop 96.24 m²
Vacant
Rateable value £3,800
Unit 1A - Workshop 196.67 m²
Vacant
Rateable value £7,500
Unit 2 - Workshop 137.63 m²
Let
Rateable value £5,100
Current rent £3,600 per annum
Unit 3 - Gymnasium 247.30 m²
Let
Rateable value £8,600
Current rent £6,000 per annum
Unit 4 - Workshop 41.41 m²
Let
Rateable value £1,975
Current rent £1,920 per annum
Unit 4A - First Floor Store 41.55 m²
Vacant
Rateable value £1,150
Unit 5 - Workshop 15.11 m²
Vacant
Rateable value £790
Unit 6 - Store 27.74 m²
Let
Rateable value £1,300
Current rent £1,920 per annum
Unit 6A - Store 54.92 m²
Let
Rateable value £2,400
Current rent £1,800 per annum
Unit 6b - First Floor Store 63.19 m²
Vacant
Rateable value £1,775
Unit 7 - Store 97.46 m²
Vacant
Rateable Value £3,650
Unit 8 - Garage 10.26 m²
Let
£1,200 per annum income
Unit 9 - Store Measurement not available
Let
£1,008 per annum income
Unit 10 - Retail/Workshop 55.82 m²
Let
Rateable Value £2,325
£2,592 per annum income
Communal WC Situated between Units 2 and 3
Former Electricity Substation buildings Situated north of Unit 3 and has direct access onto Mill Street

Note Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Draft Sales Particulars These sales details are awaiting vendor approval

Tenure: Freehold

EPC Rating: Awaited

Terms:
Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 3.6% inc. VAT of the purchase price (subject to a minimum of £3,600 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.