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Mayflower St
Plymouth PL1 1QJ
Land For Sale · 0.28 AC
Investment Highlights
- Extant planning permission for 267 student bedrooms & student support facilities
- Offers invited via informal tender with preference for unconditional offers
- Including 426 sqm of retail space and 420 sqm of commercial office
Executive Summary
PROPERTY FACTS
| Sale Type | Investment | Property Type | Land |
| Sale Conditions | Redevelopment Project | Property Subtype | Commercial |
| Tenure | Freehold | Total Lot Size | 0.28 AC |
| No. Lots | 1 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| Tenure | Freehold |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.28 AC |
1 Lot Available
Lot
| Lot Size | 0.28 AC |
| Lot Size | 0.28 AC |
The subject site benefits from a planning permission for the demolition of existing building, erection of a 13-17 storey building (plus basement) comprising 267 student bedrooms, associated student support facilities, 462sqm of retail space (Class A1
Description
PLANNING: The subject site benefits from a planning permission for the demolition of existing building, erection of 13-17 storey building (plus basement) comprising 267 student bedrooms, associated student support facilities, 462 sqm of retail space (Class A1 /A3), 420 sqm of commercial office (Class B1) and associated external works. The consented scheme was granted in March 2017 and is now extant, having been implemented via demolition and a meaningful start on site. The site is located in Plymouth City Centre on Mayflower Street. It is accessed off Mayflower Street which joins Cobourg Street (A374) to the north east, providing access to the University to the north east and the A38 to the far north. The site is rectangular in shape and extends to approximately 0.28 acres (0.11 hectares). It is situated overlooking Mayflower Street to the north, and commercial units to the west, east and south. Plymouth City Centre is located 0.3 miles away and it is approximately a 5 minute walk from Plymouth University Main Campus as well as city centre amenities such as shopping centres Drake Circus and The Armada Centre. The site has excellent public transport links, being 0.1 miles from Plymouth Coach Station and 0.5 miles to the south of the main train station.
