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Guide Price£1,000,000

Unit 20, Corringham Road Industrial Estate, Corringham Road, Gainsborough, Lincolnshire, DN21

Land size: 1.49 acres

Key Features

Fully let to Travis Perkins (Properties) Ltd
Current rental income £65,500 pa
14,525 sq ft on 1.486 acre site
EPC band B

Description

Fully let to Travis Perkins (Properties) Ltd

Current rental income £65,500 pa

14,525 sq ft on 1.486 acre site

EPC band B

FULLY LET INVESTMENT PROPERTY

Let to Travis Perkins (Properties) Limited at a current rent of £65,500 pa.

£1m For Sale showing a gross yield of 6.55% and net, after estimated costs, of 6.14%

Detailed Description

A modern builders merchants outlet consisting of a trade showroom building (with offices, staff facilities and warehouse) and a separate bulky goods warehouse on a fenced and gated site of approx. 1.486 acres. The yard area provides additional storage and is laid to concrete with drainage.

Tenant: Travis Perkins (Properties) Limited.
Term: 10 years from 4th July 2025.
Tenant break: 3rd July 2031 - at least 6 months' notice.
Rent: £65,500 pa.
Rent review: 4th July 2030 (upward only).
Other lease terms: Standard FRI.

For the year ended 31st December 2025 Travis Perkins (Properties) Limited showed a turnover of £71.8m and an operating profit of £21.4m (£18m after tax) and net assets of £62.7m.

Location

Gainsborough is an attractive Lincolnshire Market Town situated approximately 19 miles northwest of Lincoln, 21 miles west of Market Rasen and 23 miles north of Newark. The A1(M) is 16 miles east of Gainsborough. Gainsborough has a residential population of approximately 22,000 and a Local Authority catchment population of approximately 75,000.

The Travis Perkins is prominently located on Longwood Road forming part of the Corringham Rd Ind Estate. Other occupiers on the estate include Howdens, Jewson, Build Base and Screwfix

The following are approximate gross internal floor areas:

Main showroom building 5,935 sq ft
Mezzanines 2,111 sq ft
Bulky goods warehouse 6,479 sq ft
Total 14,525 sq ft

Guide price of £1m showing a gross yield of 6.55% and net, after estimated costs of 6.14%.

Commercial Gated properties Fenced Warehouses

Map Location

Property details

Tenure: Ask Agent
Council Tax Band: Ask Agent
Date Posted: 2026-10-13

Commercial Gated properties Fenced Warehouses

Utilities & Restrictions

Utilities

Electricity: Ask Agent
Water: Ask Agent
Heating: Ask Agent
Broadband: Ask Agent
Sewerage: Ask Agent

Rights & Restrictions

Public Rights of Way: Ask Agent
Private Rights of Way: Ask Agent
Listed Property: Ask Agent
Restrictions: Ask Agent

Listed status, conservation areas and planning constraints for this location are in the full report.

Property Features

Accessibility: Ask Agent
Parking: Ask Agent
Garden: Ask Agent

Beyond the particulars: planning activity, flood history, heritage and ground risks, checked for this exact spot.

Connectivity

Broadband

Fastest speed available at this postcode

1.8 Gbps

Gigabit full fibre · available to 29% of premises

Suitable for

4K streaming on every screen
Full-time home working
Online gaming & big downloads

Mobile signal

OutdoorsIndoorsEE Good GoodO2 Good GoodThree Good GoodVodafone Good Good

Predicted 4G and 5G signal; indoor signal depends on building materials.

Ofcom Connected Nations postcode-level predictions. Speeds and signal are modelled, not measured, and vary between addresses and providers.

Signal is the easy part. Planning activity, flood history and protected designations here are in the full report.

Nearest Schools

Primary

The Gainsborough Charles Baines Community Primary School754 metresOfsted: Requires improvement *
Ages
4 to 11
Pupils
189
Type
Community school
White's Wood Academy870 metresOfsted: Good
Ages
7 to 11
Pupils
195
Type
Academy converter
The Gainsborough Hillcrest Early Years Academy970 metresOfsted: Good *
Ages
0 to 7
Pupils
231
Type
Academy converter
St George's Church of England Community Primary School, Gainsborough0.9 milesOfsted: Good
Ages
3 to 11
Pupils
189
Type
Voluntary controlled school
Faith
Church of England
Castle Wood Academy1 mileOfsted: Good
Ages
4 to 11
Pupils
272
Type
Academy sponsor led

Secondary

The Gainsborough Academy867 metresOfsted: Requires improvement
Ages
11 to 16
Pupils
767
Type
Academy sponsor led
The Queen Elizabeth's High School, Gainsborough1.4 milesOfsted: Good
Ages
11 to 18
Pupils
1,139
Type
Community school
Kirton Academy8.5 milesOfsted: Inadequate
Ages
11 to 16
Pupils
406
Type
Academy converter
South Axholme Academy9 milesOfsted: Good
Ages
11 to 16
Pupils
910
Type
Academy converter
The Elizabethan Academy9.8 milesOfsted: Good
Ages
11 to 18
Pupils
1,230
Type
Academy converter

* Latest graded judgement covers quality of education only; no overall grade was issued under the 2024-25 inspection framework.

Distances are straight-line from the advertised location. Source: the national school registers (DfE, Welsh Government, Scottish Government) and Ofsted.

Schools are just the start: sold prices nearby, planning activity and any flood history are in the full report.

Amenities

Supermarket

Co-op Corringham, Gainsborough279 metres

Spar - Gainsborough, Gainsborough654 metres

Co-op Heapham Road, Gainsborough0.7 miles

GP surgery

Caskgate Street Surgery1.3 miles

Pharmacy

Allied Pharmacy Queensway962 metres

Hospital

John Coupland Hospital1.7 miles

Green space

Public Park Or Garden364 metres

Straight-line distances from the advertised location. Sources: NHS records, Geolytix supermarket locations, OS Open Greenspace and the national trails registers.

The area stacks up? Now check the location itself: planning nearby, protected designations and past flooding.

Getting Around

Nearest station

Gainsborough Central Rail Station0.9 miles

Nearest bus stop

Grange Road174 metres

Typical drive times

Bawtry22 min · 14 miles

Retford23 min · 13 miles

Gainsborough4 min · 1.5 miles

Lincoln (city)32 min · 21 miles

Kirton in Lindsey21 min · 13 miles

Straight-line distances from the advertised location; drive times are typical free-flow times over OpenStreetMap road data, so allow more at peak. Public transport locations from DfT NaPTAN.

Easy to reach matters. So do planning activity, flood history and ground risks: all in the full report.

Flood Risk

Environment Agency open data, checked around the advertised map pin for the listed acreage. Long-term risk counts flood defences; the planning map's flood zones do not. Provided by LandSale, not the listing agent, and not part of the agent's particulars. Risk varies across a holding, so verify before committing.

Rivers and the sea

Very low risk

Planning map: Flood Zone 1.

Surface water

High risk (1 in 30)

These bandings are the summary. Where this location sits on the flood maps, plus planning activity, heritage and ground risks, is in the full report.

Important notice: Information, maps and tags on this page are drawn from the advertising agent's marketing materials or generated automatically. LandSale has not verified them. Relying on these details is at your own risk, always carry out independent checks before committing to a purchase.

Listing agent

BROWN & CO-PROPERTY AND BUSINESS CONSULTANTS LLP, Retford

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