Situated in the Sutton Harbour area of Plymouth, the site comprises an irregular shaped parcel of approximately 0.59 hectares (1.45 acres) accessed from Sutton Road. The property previously benefitted from planning permission (now lapsed) for 183 residential apartments and represents an excellent residential / mixed use redevelopment opportunity.
Location
With a population of 264,000, Plymouth is the second largest city in the South West, after Bristol. Historically, the local economy has been based around shipbuilding and seafaring activities but in recent years the city has moved towards a more service-based economy. Plymouth is also home to the largest naval base in Western Europe, HMNB Devonport. The A38 is the principal trunk road serving Plymouth, connecting the city with Cornwall to the west and Exeter (44 miles) to the north east, where the A38 also joins the M5 motorway. Plymouth Railway Station (1 mile) provides direct rail services to Exeter St David’s (55 mins), Truro (1hr 10 mins) Bristol Temple Meads (2hrs) and London Paddington (3hrs 9 mins).
Accommodation
Approximately 0.59 ha (1.45 acres)
Terms
Planning The site previously benefited from full planning permission for a high density residential development of 183 apartments with ancillary ground floor commercial space (ref: 08/02267/FUL).
The site is allocated for mixed use redevelopment in the emerging Local Plan and is also within an ‘area of opportunity’ for tall buildings. A planning brief is available in the Information Pack. Interested parties are advised to make their own enquiries with the Local Planning Authority, Plymouth City Council.
Tenure The freehold interest is for sale with vacant possession to be provided upon completion of any sale. Method of Sale The property is for sale by private treaty with informal tenders invited to be received in writing by midday on Friday 9 March 2018.
Specification
- Site area of approximately 0.59 ha (1.45 acres).
- Lapsed planning consent for 183 residential apartments and ground floor commercial space (ref: 08/02267/FUL).
- Located within an ‘Area of Opportunity’ for tall buildings
- Neighbouring occupiers include Premier Inn, Plymouth University and the Lockyers Quay public house