East Midlands
Smedley’s Hydro Development Opportunity
Smedley’’s Hydro by Night
Formerly a grand Victorian hydropathic spa and currently home to the Council’s headquarters, the Grade II-listed building offers trans- formational potential and we are now bringing it to the market as part of our ambition to deliver a mixed-use scheme that will create vitality and vibrancy to the market town of Matlock.
We want to see the estate re-purposed to celebrate its unique history and heritage, transforming the current buildings and landscaped setting into a world class hotel, spa and events venue, coupled with space for local business, housing and a revitalised Winter Garden.
This new destination in the heart of the Derbyshire Dales will complement that in Buxton and, alongside our wider wellbeing offer, will affirm the county as a magnet for tourists and the leisure sector, easily rivalling places such as Bath, the Lake District and Cotswolds. For investors, the site has the potential to create an additional 100 hospitality jobs, 97 new homes and inject a further £100 million into the local economy.
But for Derbyshire, heritage is more than just spa hotels.
We are home to the Derwent Valley Mills World Heritage Site which stretches for 15 miles along the River Derwent between Matlock Bath and Derby city, comprising a number of former mill buildings, many of which are ready to be repurposed.
Some of the individual sites such as Cromford Mill and Darley Abbey Mills, have seen significant public and private investment in recent years – both to create high quality business units and an extended tourist offer. Other sites such as Belper North & East Mills are now ready for investment, offering mixed use opportunities for leisure, commercial and housing.
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Roof Top: Winter Gardens
Elvaston Castle, owned by the Council, also presents a range of development opportunities. The estate, which includes a Grade II* listed Victorian Gothic house and extensive gardens has a number of potential development parcels which include adaptive reuse of existing buildings for low-impact commercial ventures such as office accommodation, leisure, workshops and event spaces.
Delivering Sustained Growth in Derbyshire
Our regeneration ambitions go well beyond our heritage offer though.
Derbyshire has a vast array of development sites – many of them large-scale (over 50ha), former industrial sites which are being facili- tated by major infrastructure investment and capable of supporting both commercial and housing opportunities.
The County Council has a proven pedigree in revitalising communities and bringing forward complex, brownfield sites; our flagship devel- opment, without doubt, is Markham Vale – an 85ha business park adjacent the M1, built on the former Markham Colliery.
Supported by a small, dedicated team of development profession- als, facilitated by a new motorway junction at 29a and driven by a 20-year commercial partnership with Henry Boots Development, this former colliery site is now 83% complete. It has been transformed into an attractive, thriving business and logistics hub benefitting from over £88 million of public investment and £280 million in private capital. The site is home to more than 70 national and global busi- nesses, including Gist, Bilstein and Culina, working alongside a raft of local employers.
COMMERCIAL PROPERTY MONTHLY 2025
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