Introducing The Mill at Osmaston, Derby.

A character 1892 Mill conversion of luxury apartments located in a prime position in the centre of Derby. 
A thoughtfully restored 1892 Mill. All the character and heritage of a traditional building, whilst being brand new inside.

The opportunity:

• 70 luxury one and two-bedroom apartments.

• Prime centre location.

• Finest investment location in Derby.

• No large sum deposit.

• Only 5% deposit to reserve.

• Various Flexible payment plans. 

• 24 month – Unique monthly payment plan.

• No Mortgage option / Developer funded option – No credit checks. No mortgage application.

• 1 Beds £154,995 - Rent £700 per month.

• 2 Beds £179,995 – Rent £800 per month.

• Mortgage service provided.

• Full tenant management service provided.

• High specification interiors.

• Integral kitchen appliances included.

• Gym.

• Full planning approved.

• 250 Year lease.

• No ground rent.

• Service charge £900 pa.

• Parking £5k allocated space option.

• Estimated completion Q4 2025.

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The Location:

• Economy: Derby boasts a resilient and diverse economy, anchored by key industries such as aerospace, automotive and advanced manufacturing.

• UK’s number 1 hi-tec city.

• Well connected: Derby’s central location within the UK makes it an attractive hub for businesses and residents alike.

• Connectivity: Excellent transport links, including major road networks and a well-connected railway system, contributes to the city’s accessibility.

• Education: Home to the University of Derby. Vibrant student population. The demand for student accommodation , as well as housing for academic professionals, presents a lucrative opportunity for property investors. 60k Student population. 2 Universities.

• Cultural: Derby offers a rich cultural tapestry, with historical landmarks, museums and a lively art scene.

• Regeneration: Derby City Council is currently working through a 10-year master plan. Creating 4,000 jobs, 1,900 houses and £3.5bn of investments by 2030.

 

Unique Payment Terms:

Let’s look at the 1 bed priced at £154,995.
To reserve you pay a reservation deposit of 5% = £7,749.75 plus £995 initial legal fees = £8,744.75
Followed by a deposit of 25% (£46,448.75 ) spread equally over 24 months = £1,937.44
At completion, the balance paid in cash / Buy to Let mortgage (We can put you in touch with a mortgage broker).
We will also connect you with property managers to rent out the apartment on your behalf.

No Mortgage option – Developer funded:

Let’s look at the 1 bed priced at £154,995.
To reserve you pay a reservation deposit of 10% = £15,499.50 plus £995 initial legal fees = £16,494.50
Followed by a deposit of 70% (£108,496.50 ) spread equally over 24 months = £4,520.69.
At completion you own the property. You sign a deed of rental assignment, that is managed and rented out on your behalf until the outstanding 20% is repaid.