HCD25 Chapel Walks, Manchester
Conversion of the upper floors of three historic city centre buildings into 14 luxury apartments in an excellent location in Central Manchester.
Status: Site purchase completed 1st March 2019.
Investor return: N/A
Phase/Fund raise 1: 10% (3% until 1/3/19 then full interest rate from 1/3/19 onwards)
May 2019 General Update:
– Currently ironing out a plan of action for the development
April 2019 General Update:
– Main contractor has now been appointed to carry out works
March 2019 General Update:
-Things are continuing to move ahead well and on schedule
– The bat survey has now been completed. Definitively no bats present!
-Work on the site is expected to begin at the end of April
-Everything is still currently on track for a 9-month build
– A lot of interest has been generated so far
February 2019 General Update:
-We have now completed on the site purchase and investors in phase 1 have been advised that their full interest calculation start date is 1st March 2019.
January 2019 General Update:
-Contracts have been exchanged for the site, and we are due to complete the purchase on Thursday 28th February.
-The design work has been completed – including a proposed extension to create 2 more apartments and a roof terrace. These plans have been submitted to the council and we expect a decision in around 8 weeks (c. end of March).
-We are working on a final cost sum analysis before appointing our main building contractor who will take possession of the site at the beginning of March (subject to completion).