Property for sale

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Property for sale

Howgate Church, Penicuik, EH26 8QB
£575,000

Price History

Initial price £725,000
04/10/24 £695,000
30/10/24 £650,000
06/11/24 £575,000
Price Change -20.69%

Description

Prime Property Auctions is excited to present a rare church development opportunity in Howgate, Midlothian, with a guide price of £575,000. The church has potential to be developed into 6-8 residential flats, which could be turned into serviced apartments, or 6-8 houses, generating a massive GDV of over £5,000,000. The property is situated over a site area of approximately 4.9 acres, with potential for a high-yielding opportunity. The church itself comprises an entrance porch, nave, clerestory, 2 WC's, a kitchen, a large community room, and multiple storage rooms. The property has a car park and is located in a prime area with fantastic transport links to Edinburgh and local amenities. This rare auction property is sure to appeal to builders, investors, and developers looking for a unique opportunity to restore a historic building and develop a large plot of land in a sought-after rural village.