Redeveloped former chapel snapped up by investment firms

Work to transform a former chapel near York city centre into a mixed-use scheme has completed and the developer behind the project has sold the freehold to an investment firm Wulstan Capital.

The former Grove Chapel’s redevelopment, carried out by contractor Broadley, has created both new homes and a convenience store within the disused building.

The retail part of the project, which was originally going to be operated by Sainsbury’s, has now been leased to Co-operative Food.

Developer S Harrison has also completed a deal with IP Global, an international property investment firm, for the residential element of the scheme.

David Clancy, development director at S Harrison, says: “This building was previously considered to be at risk by City of York Council and it required major investment to create a suitable use for the future. We have delivered this by creating a mixed-use scheme consisting of quality homes, alongside the carefully refurbished Chapel building.

“For two highly respected property investment companies to have recognised the overall quality of the development, as well as its potential to generate long-term returns, is a major coup and speaks volumes about York’s residential and retail markets.

“It’s also great news that the Co-Op has leased the retail element, and we are confident it will attract plenty of footfall in this popular and busy part of York.”