HCD5 Bank Chambers, Stockport, Sales Update
HCD5 – Bank Chambers Stockport.
As of the end of February 2019 all capital has been repaid to all investors (phase 1 and 2).
As of mid April 2019 we have completed on the sale of all units including the commercial unit. We are now tending to the final snagging issues and discharge of planning conditions before completing on the onward sale of the freehold which we hope to complete on by the start of June 2019 as we are now waiting on the final matter to be resolved. Once these final issues are dealt with we will be in a position to pay investors their interest.
As of June 2019 there is an ongoing dialogue between ourselves, the local authority and the Historic England for Listed Buildings body due to an issue with the windows. The work the council wants us to carry out with regards to the windows is in breach of the listed building requirements, so we are trying to clarify the issue with the listed buildings body and are in continued dialogue with all parties. We cannot get building sign off until this is resolved and therefore cannot complete on the sale of the freehold either. We are doing all we can to progress matters as speedily as possible.
The CGI images below show the kitchen, living space and contemporary bathrooms.
Stockport Market has become the latest place to be with its historic market hall and popular teenage market and is also becoming a foodie hotspot with new eateries popping up along the cobbled streets.
We are looking for a good quality restaurant operator to take the ground floor. It’s in a great location directly opposite the market hall, so if you know of a restaurant owner looking to expand ask them to get in contact.