The first completions have taken place at a brand-new development in Matlock, Derbyshire – in a residential development property deal advised on by our expert Commercial Property team.
A number of sales have also already been agreed prior to the formal marketing release of Matlock Spa, which borders the Derbyshire Peaks. When complete, Matlock Spa will comprise 494 new two-, three-, four- and five-bedroom apartments and house homes across five distinctive spa villages, allowing for a population of 2,000 people – ten per cent of the population of Matlock.
Our Commercial Property team has been closely involved in the set-up of the site and overseeing sales, the first of which was a £465,000 penthouse in the first Gateway Spa phase of the Rifkind Associates development.
Mary Gharmount, Senior Associate and Solicitor, said:
“This is a significant development for Matlock. A new residential development of this size is exactly what people wanting to move away from the city and into a more rural area are looking for.
“Situated a stone’s throw away from the train station for commuting to Derby in one direction and the Derbyshire Peak District in the other, it’s a location that’s full of potential; the Duke of Devonshire described it as ‘a wonderful addition to Matlock and North Derbyshire’ on his visit during the completion of the first phase. It will no doubt generate a rivalry to those living in other spa towns of Bath and Buxton.”
Alongside the residential aspect of the development, Matlock Spa will also boast a new country park and embrace the ‘healthy town’ model, promoting fit and active lifestyles while simultaneously protecting local ecology and Derbyshire heritage.
Charles Rifkind, founder of Rifkind Associates, said:
“In terms of vision, created some 20 years ago, this development will be one of a kind in Derbyshire and it’s becoming appreciated by all who visit. The properties are being built out of Birchover stone, which is sourced a few miles away from the area itself, meaning the local and communal spirit we’re offering is literally built into the vision.
“Working with Mary and the team has been fantastic from the moment we appointed them. It was crucial that we work with companies that not only have that development experience, but also that local knowledge and expertise to help bring this aspirational development to life, and Nelsons has done that without a shadow of a doubt.”
“Projects such as this are always a pleasure to work on and we’re very excited to continue working with Charles to build this new community in the coming years as work on the next phase, Spa Lofts, gets underway.”