Choices have secured the opportunity to market five new build two bedroom apartments, situated in Derby city centre.
Derby Station is just a 5 minute drive away from our development and you can reach London in 1 hour 32 minutes.
The properties are due to be completed by April 2017.
These apartments have 125 year leases and a £150 per annum ground rent. Service charges are estimated to be £900pa.
Derby is a city located in the East Midlands, close to the other major cities of Nottingham and Leicester. Statistics show that Derby has experienced over £2.6billion of investments over the last 10 years and also has the fastest growing economy in the UK with a GVA growth rate of 23%.
Derby has a history of industry which continues to this day with Rolls Royce's and Toyota's manufacturing plants located in the city. These companies, along with train builders Bombardier, show that although many parts of the UK have seen a decline in heavy industry, Derby has bucked the trend and continues to thrive in this sector.
Derby itself has implemented a number of regeneration and expansion plans with its core strategy committing to deliver 12,500 new homes by 2028. The local council are also offering financial and planning incentives for the conversion of unused offices in the city. New office space is also being developed which will contribute an extra 1million sq ft - some of which have already been given planning permission.
Demand for properties in Derby is very high, particularly in the city centre. The city has stated that they do not plan to introduce a congestion charge for the city centre meaning it is still an affordable area to live and work. Rolls Royce is the city's largest employer with 12,500 workers. This, along with the planned building of further office space shows that there will always be a good demand for properties for rental. The average rent for properties in Derby has increased by approximately 6% over the last year.