Land For Sale, Regent Street, Plymouth, Devon PL4

Description

There is an opportunity to develop a residentially led apartment development suitable for a Private Rented Scheme, Investment, Open Market which sits amongst sites that have already been developed into modern investment & student dwellings in a vibrant part of the city.

The land owners are looking for a specialist developer or investment company to utilise their vision and create an opportunity to take through the planning process that will lead to an outright purchase of the site.

Development opportunity – 45 Regent Street, Plymouth, PL4 8BB
• 0.31 acre site (approximate)
• Opportunity to develop a residentially led apartment block
• Previous planning history for demolition and construction of 3-9 storey building
• Central location
• Adjoining sites 5/7 storey’s in height
• Walking distance of city centre & Historic Barbican waterfront

Location
The site sits above Ebrignton Street which has an independent vibe with quirky bars, café’s, restaurants and various food outlets which is a popular location with the younger sector. A short walk takes you directly into Drake Circus Shopping Mall and the brand new cinema/leisure complex at the Barcode.

The Historic Barbican is also a very short walk from the site and is one of the few parts of the city that escaped mass destruction of the blitz during the Second World War. Today the tiny cobbled streets and attractive architecture is home to a lively leisure trade with some of the bigger named bars and restaurants adorning the waterfront location.

So the site is really well located and well suited to this type of development.

Plymouth

Plymouth is the largest city in the South West beyond Bristol with a historic port and impressive Navel Heritage. Known as Britain’s Ocean City there is a main line railway station which operates between London Paddington and Penzance. The city thrives as a manufacturing base and has an impressive array of International Companies including Babock Marine, Kawasaki, Bandvulc and Drayton. The city’s output outstrips both Britsol and Exeter combined on an annual basis. With this comes stable employment for a vast number of younger people providing a dynamic rentals market.

The city is home to a population of over 262,000 people and the economy remains strongly influenced by shipbuilding and seafaring. It has ferry links to Brittany and to Spain. It has the largest operational naval base in Western Europe and has a University that specialises in Marine Biology and is used as a public research facility with around 18,000 students that add to the city economy.

Further Reading
There are three separate reports which have been prepared on both the subject site and the adjoining site which is owned by Plymouth City Council and currently occupied by Plymouth College of Art. Plymouth City Council have previously expressed an interest in bringing their site forward to support a sustainable development and any negotiations here would be separate to the main site as presented. These reports attached will provide potential purchasers with an insight to the scale and massing for the type of development that can be achieved in this location as a standalone site with adjoining build remaining intact or as a whole site. The reports are purely for an initial appraisal, should not be relied upon and we cannot accept any liability or responsibility of the content herewith.

Method of Sale
In the first instance we are seeking expressions of interest which we should receive no later than 30th September 2021. Selected parties will be invited to an interview post deadline with an invitation to make a formal proposal for the site.

Viewing
Please contact us for further information as on site viewings will be strictly by appointment only.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum of six months, with the exception of short-term accommodation. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

NHO210441/2

Follow the link for more information:

        
zoopla.co.uk

Email notifications

If we find new offers or listing price updates in category Land For Sale you will receive an email alert.

Email:

Search

Order by Price Min Price Max Price Min Price Max

- + Search

Land For Sale £2,000,000 Regent Street, Plymouth, Devon PL4

Land For Sale £2,000,000
Regent Street, Plymouth, Devon PL4