Conversion of a Church to 4 Luxury Holiday Lets

Conversion of a Church to 4 Luxury Holiday Lets
Funded: £721,000
Location: Staffordshire
Property Type: Holiday Lets
Funds For: Conversion
Timeframe: Client Deadline

Our client, a highly experienced property developer, had purchased a listed church in Staffordshire.

Planning had been received to convert the property into four luxury and unique holiday lets.

Whilst funding of circa £1m would be needed to undertake the specialist works, the end value of the properties expected to be £2.5m

Lowry Capital specialises in listed and unique properties and has provided £721,000 to date in two tranches, in line with the client’s schedule of works.

Our funding has assisted in bringing a historic property to life and transformed into amazing and unique holiday lettings with fantastic original features and character.

It is expected the furnished properties will be in strong demand and generate a very good rental income.