St Helen's House has been closed for the past three years
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The keys to Derby's only Grade I listed building are to be handed over for a renovation project to start.
St Helen's House will be turned into a four-star hotel and apartments by renovation expert Richard Blunt under the terms of his 299-year lease.
The council closed the house, which it used as an adult learning centre, in 2004 because repairs were too costly.
Mr Blunt's plans were chosen by Derby City Council last November. He will be handed the keys on Monday.
In addition, Mr Blunt must submit a planning application within a year for the project to continue.
Repairs to the roof, gutters, windows and masonry must be done within three years.
Councillor Evonne Williams, from Derby City Council, said: "Since it became necessary to close St Helen's House to the public and find an alternative use for it, the council has been working to find a suitable developer who will carry out the expensive repairs necessary.
"We are pleased that this development will allow for public access and organised group visits. I look forward to seeing work progress."
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