Land for sale

Greenhall Road, Gorebridge EH23

• Prime new listing. We are excited to present this 2.34 acres (0.95 hectares) plot of land located within a prime location in Gorebridge.

• **Comparable properties in the area have demonstrated considerable potential for development and investment, supporting a Gross Development Value (gdv) of approximately £5.0m - £7.5m.**(Sales Evidence: 6, South Quarry Drive, Gorebridge EH23 4GS sold for £237,000 and 1, Whitehouse Road, Gorebridge EH23 4FF sold for £235,000)

• This plot offers incredible rental income potential. With new-build homes in the area achieving between £1,500 and £2,000 per calendar month, a completed scheme of 20-30 units could generate an impressive gross rental income ranging from £360,000 to £720,000 per annum. This opportunity is sure to catch the eye of both short and long-term investors.

• Additionally, the land provides an attractive prospect for alternative use or interim income. Subject to the necessary planning and consents, the site may be suitable for storage containers, industrial use, or commercial yard space. Comparable uses in the area have achieved strong monthly rents, offering investors the chance for immediate and flexible income generation.

• The property holds significant planning and investment appeal. Identified within the Midlothian Local Development Plan under planning policy dev 2, it supports the principle of development and long-term value growth. This makes it an enticing prospect for developers and investors alike.

Prime new listing. We are excited to present this 2.34 acres (0.95 hectares) plot of land located within a prime location in Gorebridge.

The property comprises a versatile piece of land, perfect for transformative development or investment opportunities.

This plot offers incredible rental income potential. With new-build homes in the area achieving between £1,500 and £2,000 per calendar month, a completed scheme of 20-30 units could generate an impressive gross rental income ranging from £360,000 to £720,000 per annum. This opportunity is sure to catch the eye of both short and long-term investors.

Additionally, the land provides an attractive prospect for alternative use or interim income. Subject to the necessary planning and consents, the site may be suitable for storage containers, industrial use, or commercial yard space. Comparable uses in the area have achieved strong monthly rents, offering investors the chance for immediate and flexible income generation.

The property holds significant planning and investment appeal. Identified within the Midlothian Local Development Plan under planning policy dev 2, it supports the principle of development and long-term value growth. This makes it an enticing prospect for developers and investors alike.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

**Comparable properties in the area have demonstrated considerable potential for development and investment, supporting a Gross Development Value (gdv) of approximately £5.0m - £7.5m.**

This lot is open to immediate offers. Should you wish to offer now, you can do so via our “Offer now” button on our website.

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.

For further details on how to have a bidding account created, please contact the team.

Location

Gorebridge is a charming village situated in Midlothian, known for its beautiful countryside views and excellent transport links to Edinburgh. It offers a peaceful yet convenient lifestyle with a blend of local amenities and the beauty of the Scottish landscape.