While the Pervaiz Naviede Family Trust is perhaps best known for multi-million developments in major cities such as London and Manchester, it’s not averse to investing in smaller schemes particularly those with strong links to the past.
Having previously announced the acquisition of a Liverpool mansion house once used as a hospital, the Trust has this week, acquired the stunning Whitegate Chapel in the charmingly named Beauty Bank, just a few minutes’ walk from Winsford, Cheshire. The sales price agreed was £115,000.
The Trust was drawn to the 1,740 sq ft property, which was originally used as a church, thanks to its idyllic location and retained heritage features including the original church windows which offer stunning views over the surrounding countryside.
At present, the building comprises a worship hall, meeting room, vestry and kitchen. Plans are now being drawn up by the Trust for a sensitive conversion of the property to a three bedroom, two bathroom family home. It is estimated approximately £100-150,000 will be spent on the conversion, which is subject to planning.
A spokesperson for the Pervaiz Naviede Family Trust said “We were instantly drawn to this beautiful property thanks to a combination of the superb location, countryside views and original features. Now, with a sensitive conversion proposed to a character home for a local family, we will be able to ensure a future for the property.”
Once completed, it is anticipated that the property will be let through the Trust-owned lettings business, Abode Residential, who are based in Salford Quays, Greater Manchester for a monthly rent of around £1,200.
The Trust has also made two further investments in smaller residential properties including a three bed house in Southport purchased for £140,000 and a two bed apartment in Knowsley, Merseyside. Both properties are being refurbished before being marketed for rent.