All of the 16 apartments which form part of the mixed-use redevelopment of a vacant building in York have been sold off-plan.
The apartments are part of a transformational project to create new homes and a convenience store at Groves Chapel, which sits at the junction of Union Terrace and Wigginton Road close to York City Centre.
Development company S Harrison has sold the apartments to investment firm IP Global. IP Global is an international property investment firm and its portfolio spans the world’s real estate markets.
The construction work is being carried out by Broadley, and the foundations are complete for the new build element of the development, which will see 14 two bedroom apartments created. The roof of the chapel has been stripped and a further two apartments will be built within this building. All of the apartments will have views across the city towards York Minster and all of the work is on track to complete by the end of the year.
David Clancy, development director at S Harrison, says: “Groves Chapel was previously considered to be at risk by City of York Council. To see the transformation of the dilapidated building, which was in desperate need of repair, into a new and sustainable use that will safeguard its future, is very rewarding.
“The apartments, which have off-street parking, will no doubt appeal to the rental market due to their excellent location close to the hospital, Nestle and the city centre.”