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Property for sale
Abbeygreen, Leshmahagow ML11
£55,000
Abbeygreen, Leshmahagow ML11
£55,000
Our Summary
- Prime Property Auction is excited to present this Large Premises that extends to approximately 5000 square feet over 2 floors, located within a prime location in Lesmahagow *Guide of £50,000* Property is being offered at a substantial discount
- (Subject to gaining necessary planning consents) Potentially excellent opportunity to be converted into multiple residential units Commercial units with in area local area demanding £1000 pm / £12,000 which would generate and excellent annual gross yield of 24% based on the guide price of £50,000 Property will require refurbishment prior to habitation
- Full renovation required
- Property benefits from a rateable value of £13,400 and is now being offered at a huge discount to ensure auction sale
- Prime Property Auction is excited to present this Large Premises that extends to approximately 5000 square feet over 2 floors, located within a prime location in Lesmahagow *Guide of £50,000* Property consists: Large Garage area, kitchen, office area, toilets and storage facilities
- (Subject to gaining necessary planning consents) Potentially excellent opportunity to be converted into multiple residential units Commercial units with in area local area demanding £1000 pm / £12,000 which would generate and excellent annual gross yield of 24% based on the guide price of £50,000 * Now being offered at a huge discount to ensure auction sale
- * Property will require refurbishment prior to habitation
- Property benefits from a rateable value of £13,400 Property requires full renovation
- Sure to appeal to builder/investor looking for Rare auction property *POTENTIALLY HIGH YIELDING INVESTMENT* This lot is open to immediate offers
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
Description
This large premises in Lesmahagow, Scotland, spans approximately 5,000 square feet over two floors and is being offered at a substantial discount. The property, which has a guide price of £50,000, has potential to be converted into multiple residential units or commercial units, with a local area demand of £1,000 per month, generating an excellent annual gross yield of 24%. The property requires full renovation, but offers fantastic capital growth potential and is sure to appeal to builders, developers, and investors looking for a project. With a rateable value of £13,400, the property is being offered at a huge discount to ensure an auction sale.