The four-litre classic car, which the former Beatle ordered directly from the Aston Martin factory in 1964, will be offered at an H&H sale at Duxford Imperial War Museum in Cambridgeshire, UK on September 21.
McCartney asked for a string of special features from the manufacturer, including chrome wire wheels, enhanced suspension and a Philips record player.
Originally costing £3,800 but now valued at £400,000, we expect the vehicle to achieve a strong price, considering the popularity of Beatles' cars and memorabilia with collectors.
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A DB5 once owned by George Harrison made $464,736 at an RM Auctions sale in 2007, while a 1967 Lamborghini 400GT 2+2 formerly owned by Paul McCartney sold at July's Goodwood Festival of Speed in the UK for £122,500.
In 1985, the psychedelic Rolls Royce Phantom V once owned by John Lennon achieved $2.29m.
McCartney sold the vehicle in 1970, since when it has been passed between a number of car enthusiasts.
Sir Paul clearly enjoyed the Aston Martin brand; in 1966 he ordered a DB6 to complement his DB5.
Richard Caton, H&H's marketing manager, told Britain's Daily Mail newspaper: "The car has undergone an extensive back-to-bare-metal restoration which was completed earlier this year.
"It is now a wonderful opportunity for an Aston enthusiast or a Beatle fan to own a unique part of motoring history."
Check back here at Paul Fraser Collectibles to see how the car fares at auction next month.
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