Back
Guide Price
£575,000 Guide Price

Howgate Church, Penicuik, EH26 8QB

210870915

Loading...

4

days

7

hours

32

minutes

7

seconds

Want to make an offer?

Offer Now

Loading...

4

days

7

hours

32

minutes

7

seconds

Type

Ownership

Freehold

Occupation

Vacant

Bedrooms

Council Tax

Legal Pack
Download

Available documents

Legal Pack
Access documents
Rare Commercial Development Opportunity

Details

Property Summary

  • Prime Property Auctions is excited to present this exceptionally rare, Church Development Opportunity located within a prime location in Howgate - GUIDE PRICE £575,000.*** MASSIVE GDV POTENTIAL OF £5,000,000***
  • The church has potential to be developed into 6 - 8 residential flats which could be turned into serviced apartments. Situated over a site area of approximately 4.9 Acres (19,860m2), there is potential to build 6 - 8 houses. Subject to necessary planning and consents. This would generate a POTENTIAL IMPRESSIVE GDV of over £5,000,000, with fantastic sales evidence to Support.  *** SURE TO APPEAL TO A SHREWD DEVELOPER ***
  • If converted to serviced apartments, each property could command £195 per night, generating £398,580 per annum and a gross yield of 69.3%, based on an 70% occupancy rate and 8 dwellings. Subject to necessary licensing and consents. *** POTENTIALLY HIGH YIELDING OPPORTUNITY ***
  • *** Howdum, Penicuik, Midlothian, EH26 8QE, Sold for £520,000 in September 2023, Mossbank, Howgate, Penicuik, EH26 8QB Sold for £495,000 in January 2010, 3, Fallhills Court, Penicuik, Midlothian, EH26 8QE Sold for £485,000 in August 2021 ***
  • Property is conveniently located with fantastic transport links to Edinburgh and is situated close to local amenities. *** RARE AUCTION PROPERTY ***

Prime Property Auctions is excited to present this exceptionally rare, Church Development Opportunity located within a prime location in Howgate - GUIDE PRICE £575,000. *** MASSIVE GDV POTENTIAL OF £5,000,000***

The church has potential to be developed into 6 - 8 residential flats which could be turned into serviced apartments. Situated over a site area of approximately 4.9 Acres (19,860m2), there is potential to build 6 - 8 houses. Subject to necessary planning and consents. This would generate a POTENTIAL IMPRESSIVE GDV of over £5,000,000, with fantastic sales evidence to Support.  *** SURE TO APPEAL TO A SHREWD DEVELOPER ***

Property Comprises: Entrance porch, Nave, clerestory, 2 WC’s, a kitchen, a large community room and multiple storage rooms throughout. The property has a car park to the left of the entrance and is situated over a MASSIVE SITE AREA of 4.9 Acres. 

Sure to appeal to builders/investors/developers looking for a rare opportunity to restore a beautiful historic building and develop a large plot of land within a sought after rural village. 

If converted to serviced apartments, each property could command £195 per night, generating £398,580 per annum and a gross yield of 69.3%, based on an 70% occupancy rate and 8 dwellings. Subject to necessary licensing and consents. *** POTENTIALLY HIGH YIELDING OPPORTUNITY ***

*** RARE AUCTION PROPERTY ***

Situated over a site area of approximately 4.9 Acres (19,860m2), there is potential to build 6 - 8 houses. Subject to necessary planning and consents. This would generate a POTENTIAL IMPRESSIVE GDV of over £5,000,000, with fantastic sales evidence to Support.  *** SURE TO APPEAL TO A SHREWD DEVELOPER ***

 

For the purpose of converting the property to residential units, the area has some remarkable sales comparables for properties in the area. 

Sold Comparables:

*** Howdum, Penicuik, Midlothian, EH26 8QE, Sold for £520,000 in September 2023, Mossbank, Howgate, Penicuik, EH26 8QB Sold for £495,000 in January 2010, 3, Fallhills Court, Penicuik, Midlothian, EH26 8QE Sold for £485,000 in August 2021 ***

Rare opportunity to restore a piece of history. 

Location:

Nestled in the charming rural hamlet of Howgate, Midlothian, this property offers an exceptional opportunity for those seeking a serene countryside lifestyle without sacrificing convenience. Howgate is renowned for its idyllic surroundings, with expansive rolling hills and picturesque farmland creating a tranquil backdrop. The peaceful setting is perfect for those who appreciate the beauty of rural living, with nature trails and open spaces right on your doorstep.

Despite its quiet atmosphere, Howgate is just a short drive from the nearby town of Penicuik, where you’ll find a wide range of local amenities including supermarkets, restaurants, schools, and healthcare facilities. Edinburgh, with its vibrant cultural scene, shopping, and business hubs, is also easily accessible by car, making this property ideal for commuters looking to escape the city's pace while remaining well-connected.

This property presents a rare opportunity to enjoy the best of both worlds — a relaxed, rural environment combined with proximity to modern conveniences. Whether you're a family looking for space to grow, professionals in search of a retreat, or retirees seeking a quiet and scenic home, this Howgate location offers something for everyone. The surrounding Midlothian countryside provides countless opportunities for outdoor activities such as hiking, cycling, and exploring the area's rich history.
Deposit & Fee Calculator

10%, minimum deposit £3,000

3% + VAT with a £4,000 minimum fee (inc VAT)

Total payable today if offer accepted (deposit + fee)

£0

Need help funding this purchase?

Get Instant Finance Quote

Location

Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

Virtual Tours

Floorplans

Property Features

  • Prime Property Auctions is excited to present this exceptionally rare, Church Development Opportunity located within a prime location in Howgate - GUIDE PRICE £575,000. *** MASSIVE GDV POTENTIAL OF £5,000,000***
  • The church has potential to be developed into 6 - 8 residential flats which could be turned into serviced apartments. Situated over a site area of approximately 4.9 Acres (19,860m2), there is potential to build 6 - 8 houses. Subject to necessary planning and consents. This would generate a POTENTIAL IMPRESSIVE GDV of over £5,000,000, with fantastic sales evidence to support.*** SURE TO APPEAL TO A SHREWD DEVELOPER ***
  • If converted to serviced apartments, each property could command £195 per night, generating £398,580 per annum and a gross yield of 69.3%, based on an 70% occupancy rate and 8 dwellings. Subject to necessary licensing and consents. *** POTENTIALLY HIGH YIELDING OPPORTUNITY ***
  • *** Howdum, Penicuik, Midlothian, EH26 8QE, Sold for £520,000 in September 2023, Mossbank, Howgate, Penicuik, EH26 8QB Sold for £495,000 in January 2010, 3, Fallhills Court, Penicuik, Midlothian, EH26 8QE Sold for £485,000 in August 2021 ***
  • Property is conveniently located with fantastic transport links to Edinburgh and is situated close to local amenities. *** RARE AUCTION PROPERTY ***

Contact Us

Request more Information

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.
commercial
600000

Be the first to find out about new opportunities. Join our preferred buyer list here.

This field is for validation purposes and should be left unchanged.

Sell Your Property within 28 Days

You Set The Price, No Upfront Costs & No Sale, No Fee. 

Contact Information

Key Links

Copyright Prime Property Auctions (Scotland) Limited 2024

Privacy Policy

Sitemap

Request documents

We just need to collect some details before we make this file available.

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.

Request Access

Once you have submitted your details you will receive a copy of the requested files