Conversion of historic former chapel and library into 14 luxury apartments with under croft parking.  The building is centrally located in Frodsham in Cheshire.

GDV: £2,075,000

Date work commenced on site: January 2018

Current status: Under construction – end of build anticipated to be end of April 2019 with all contractors off site by that date.  We hope to have all units sold by the end of September 2019.

Fund Raises/Investor return:
Phase/Fund Raise 1 – 10-11%
Phase/Fund Raise 2 – 9%
Phase/Fund Raise 3 – 9%
Phase/Fund Raise 4 – 9%

Investors capital repaid: none to date

Sales update: 3 plots reserved as of 17th April 2019 with 11 to sell.  The show home is also generating a lot of interest and we have had 6 offers to date for it. We attribute a lot of this interest to the introduction of our brand new show flat. Exchanges of the reserved properties are expected as of early April.

March 2019 Update:

All the roofing work to Frodsham Library has been complete and the building is now watertight.

Build Phase 1:  Incorporates all plots with their own external access on the lower ground floor.

–  Internal partitioning has been erected to support the main structure.

– Suspended ceilings have been installed.

-Plaster boarding to the internal walls has also been installed.

-The contractors have also commenced with mechanical and electrical work.

Build Phase 2: Incorporates all plots accessed via the main building entrance facing Main Street

-Once the second fix mechanical and electrical and tiling work are completed, we can commence with decoration.

– Plots 6 has been fitted out in anticipation for viewings

Building Phase 3: Incorporates all plots accessed via the communal staircase to the site, including the extension.

-The base level of the extension has seen progress. The floor still requires screening prior to any further work begins, however.

-Stud walls have been erected and then single side boarded  at the upper level

February 2019 Build Update:

This month we have split the project into 3 phases to make it clearer to explain how the work is progressing.  Please note the build phases bear no relationship of fund raising phases.

Build Phase 1: Comprising plots that have external access to the lower ground floor.

–  First fix timbers (erecting the stud partition walls) have been completed.

– First fix mechanical and electrical works (pipework and wiring) are currently being installed on the apartments.

– Our plastering contractor has commenced with plasterboarding, the stud partitions and completed the ceilings.

Build Phase 2: Comprising all plots accessed via the main building entrance

– The show-house (plot 6) is now complete and is currently being well received prospective buyers- as you can imagine when looking at the photos below!

-The remaining plots in this phase are currently having tiling work and second fix mechanical and electrical (such as light fittings, fixtures, etc.)  which should take 2-3 weeks to complete prior to snagging commencing.

Build Phase 3: Comprising all plots accessed via the communal staircase.

-First fix timbers (erecting the stud partition walls) have been completed and plasterboarding to walls has commenced.

January 2019 Build Update:

-The extension to the former library has been erected and made watertight. All roofing works have been completed and work is progressing to phase 2 (Upper Ground Floor of the existing library space).

-The formation of internal walls has commenced to phase 1 (Lower Ground Floor) and plumbing and electrical work has commenced in the existing library space.

-Plot 6 has been fitted out and is available for prospective buyers to view (see picture bottom right below).

Most Recent Development Image: