Initial price	£55,000
09/10/24	£52,000
16/11/24	£50,000
Price Change	-9.09%

This large premises in Lesmahagow, Scotland, is a rare auction opportunity that extends to approximately 5000 square feet over two floors. The property is being offered at a substantial discount, with a guide price of £50,000, and has potential for conversion into multiple residential units or commercial spaces. With a rateable value of £13,400, the property could generate an excellent annual gross yield of 24% based on the guide price. The property requires full renovation, but its prime location and potential for development make it an attractive opportunity for builders, developers, and investors. With a rear garden space and a large garage area, the property offers plenty of potential for renovation and development.