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

Prime Property Auctions presents a rare, church development opportunity in Howgate, Midlothian, with a guide price of £575,000 and a massive GDV potential of £5,000,000. The church has the potential to be developed into 6-8 residential flats, which could be turned into serviced apartments, or 6-8 houses. The property sits on a 4.9-acre site and has a car park, entrance porch, nave, clerestory, 2 WC's, kitchen, community room, and storage rooms. With potential for a high-yielding opportunity, each property could command £195 per night, generating £398,580 per annum and a gross yield of 69.3%. The property is conveniently located near Edinburgh and local amenities, and has a peaceful countryside setting with nature trails and open spaces nearby.