Situated adjacent to the 2016 ‘High-Street of the Year’, the Heritage Gate complex consists of Norman, Saxon and Celtic House; each providing a choice of Studio, One and Two-Bedroom apartments in Derby’s Cathedral Quarter, the city’s premier destination for shopping and entertainment. Heritage Gate Phase One, Norman House and Saxon House, total 134 apartment units. Heritage Gate Phase Two, Celtic House, will provide a further 78 apartments, ready to move into by Q2 2018.
Heritage Gate has proven to be a good development opportunity for MCR Homes given that the Cathedral Quarter is a high-demand buy-to-let hotspot. The development has allowed MCR Homes to offer clients an opportunity to reap rewards of up to 8% Projected Annual Yield with a low starting price of £67,000 for an investment within an award winning city location.
The units in Heritage Gate make ideally suited city-living apartments for young professionals working within the East Midlands area, given its close proximity to Derby Railway Station and its positioning amongst the commercial district; the diverse hub of culture and entertainment that is the Cathedral Quarter. Flats in Heritage Gate not only have a plethora of local amenities on the doorstep, the development is also less than 30 minutes drive to East Midlands Airport; meaning all major domestic and European cities are easily reachable via air.
Derby is a driving force behind the UK’s engineering-manufacturing and railway industries. In recent years, the city has also seen an influx in young professionals moving to the area following the expansion of large motor corporations such as employers Toyota Motor and Rolls Royce. This as well as the traditionally high employment rates have contributed to the exceptionally low void periods experienced by landlords of Heritage Gate.