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5 bedroom property for sale
Masons Arms Hotel 30 Abbeygreen Lesmahagow Lanark ML11 0EQ
£85,000
Masons Arms Hotel 30 Abbeygreen Lesmahagow Lanark ML11 0EQ
£85,000
Our Summary
- We are excited to present this Fantastic Commercial Investment Opportunity located within a prime location in Lesmahagow *** GUIDE PRICE £85,000 *** Property Consists of a former 5-bedroom hotel, the Mason Arms Hotel, over 2 floors, with scope to renovate to benefit from full potential
- *** SMALL BUSINESS RATES RELIEF *** If lightly renovated, property has potential to produce a nightly gross income of £450 - £550 per night, generating a potential annual gross income of £140,525 based on a 70% occupancy rate
- Subject to necessary planning and consents
- *** 15, Abbeygreen, Lesmahagow, Lanark, Lanarkshire, ML11 0EQ Sold for £145,000 in January 2020, 22, Abbeygreen, Lesmahagow, Lanark, Lanarkshire, ML11 0EQ Sold for £123,000 in April 2023 *** We are excited to present this Fantastic Commercial Investment Opportunity located within a prime location in Lesmahagow *** GUIDE PRICE £85,000 ** Property Consists of a former 5-bedroom hotel, the Mason Arms Hotel, over 2 floors, with scope to renovate to benefit from full potential
- The first floor consists of 5 spacious bedrooms and is an area that has potential for further development subject to the necessary planning and consents
- *** 15, Abbeygreen, Lesmahagow, Lanark, Lanarkshire, ML11 0EQ Sold for £145,000 in January 2020, 22, Abbeygreen, Lesmahagow, Lanark, Lanarkshire, ML11 0EQ Sold for £123,000 in April 2023 *** If lightly renovated, property has potential to produce a nightly gross income of £450 - £550 per night, generating a potential annual gross income of £140,525 based on a 70% occupancy rate
- *** POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY *** 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
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Here is a summary of the property description in a single paragraph:
This fantastic commercial investment opportunity is located in the prime location of Lesmahagow, South Lanarkshire, Scotland. The property, formerly a 5-bedroom hotel, has scope to renovate and benefit from full potential. With a rateable value of £10,500, it benefits from Small Business Rates Relief. The property has vast potential, and could be converted into multiple residential dwellings, re-let as a hotel, or turned into a restaurant, subject to necessary planning and consents. If lightly renovated, it could produce a nightly gross income of £450-£550, generating a potential annual gross income of £140,525, and a commercial gross yield of 165% if achieved at a guide price of £85,000. The property is being sold at a fantastic price to ensure an auction sale, and will feature in an upcoming timed online auction.