An outstanding opportunity to develop a piece of maritime history in Plymouth Sound
Plymouths is home to the largest naval base in Europe with HMS Raleigh one of only two centres in the UK for naval recruits to commence their basic training and naval career. The city has also become one of Europe's leading centres of expertise in the marine science and technology. Plymouth is in the midst of considerable regeneration and investment in the lead up to 2020, which will showcase the city in celebration of the Pilgrim Fathers leaving Mayflower Steps for America in 1620. The city council has been a major force in bringing about public and developer led schemes to enhance a number of key sectors, with a focus on industry, tourism, education and housing. Whilst this is expected to maintain far beyond 2020, this major anniversary year is a core focus to give Plymouth world wide coverage.
As of Spring 2017, planning has been approved for a luxury hotel complex, which includes the conversion of the existing grade II buildings and the Scheduled Ancient Monument casemated battery along with significant infrastructure works. The project offers a tremendous opportunity for the island to once again become a flagship in Plymouth Sound. The current owners are looking at all available options in order to bring the island back into use and are open to all proposals from hotel operating companies and joint venture partners.
Modern self-contained office building with undercroft parking suitable for a variety of uses, subject to planning.
Plymouth is located on the A38 Devon Expressway, the main arterial route through the County of Devon and is one of the principal routes into Cornwall. The A38 Devon Expressway connects the national motorway network at Exeter approximately 40 miles to the north east of Plymouth. Plymouth also has a noted Naval port and Dockyard, and benefits a railway station on the Penzance to Paddington main line. The Property is located in Ker Street, Devonport, opposite the Co-operative convenience Store and close to the Mount Wise and Vision developments. It occupies a prominent position at the apex of Ker Street Duke, Street and George Street. The site forms part of the Devonport Regeneration Area which has been extensively redeveloped for new residential.
Self-contained VRV Comfort-Cooling System Ground floor reception Lift to all floors Raised Floors Suspended ceilings Recessed lighting Part open plan Board and meeting rooms Showers and disabled facilities 12 car parking spaces in the basement car park
Ker Street falls within the Devonport Conservation Area and that forms part of the Devonport Area Action Plan 2006-2021. The area action Plan seeks to regenerate the area and re-create Devonport as a more attractive and sustainable community by delivering a mix of housing employment uses and retail. Change of Use of the building from offices to residential may be permitted under PDR legislation subject to meeting the qualifying criteria.
Long Lease Office Investment Opportunity
The site comprises 1.69 acres (0.683 hectares), and externally there is the provision for 161 designated car parking spaces.
Prominent location on A38/A386 intersection, approximately 2.5 miles from Plymouth City Centre. Detached office building totalling approximately 57,157 sq ft NIA. Building incorporates strategically important data centre for EDF. Current rental income of £500,000 per annum exclusive. Low base rent of only £8.75 psf overall. 9 years unexpired to undoubted 5A1 covenant of EDF Energy Plc. Offers are sought in excess of £5,850,000 (Five Million, Eight Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. Attractive net initial yield of 8.02%. Low capital value of only £102.35 psf overall.
Site off Brest Road / William Prance Road Roundabout, Plymouth International Medical & Technology Park
The site forms part of the Plymouth International Medical & Technology Park and is conveniently located just north of the main A38 arterial road, 1 mile from Derriford Hospital and 4 miles north of the city centre. The site is accessed from an adopted road close to the entrance of the business park, just off the A386. The site occupies a corner plot and is very visible, being located adjacent to the roundabout at the junction of William Prance Road and Brest Road
Available to lease or for a freehold purchase.
Site forms part of the Plymouth International Medical & Technology Park conveniently located just north of A38 Devon Expressway.
Located just north of the main A38 arterial road, 1 mile from Derriford Hospital and 4 miles north of Plymouth city centre. The site is accessed from an adopted road in the centre of the business park, just off the A386.
The site is very visible, being located adjacent to William Prance Road. Adjacent plots are occupied for business use. Prospective tenants / purchasers are strongly advised to satisfy themselves that their proposed use for the premises is acceptable in planning terms. The prospective tenant / purchaser is responsible for obtaining any necessary planning permissions which may be required in connection with their proposed use of the premises. For further information contact
Available to lease or for a freehold purchase.
Site forms part of Plymouth International Medical & Technology Park just north of A48 Devon Expressway.
The site forms part of the Plymouth International Medical & Technology Park and is conveniently located just north of the main A38 arterial road, 1 mile from Derriford Hospital and 4 miles north of the city centre.
Modern Industrial Investment Opportunity
Plymouth is a regional centre and the gateway to Cornwall. It is the largest urban centre on the South West coast of England, both in terms of population and employment, accessed to the north east via the M5 and A38. Exeter is located 45 miles to the north east with Bristol and London 120 miles and 200 miles distant respectively. Langage Business Park is one of the premier business parks in Plymouth, located approximately 5 miles east of Plymouth city centre, and the property benefits from being half a mile from the A38 Expressway linking Plymouth with Exeter and the M5 motorway. Nearby occupiers include motor dealerships of Audi, Lexus, Toyota and Triumph, together with Blackburns' Metals, Land Registry and other manufacturers and distributors.
Steel portal frame construction and profile sheet elevations 5.3 metre and 5.75 metre clear internal heights Office accommodation Good level loading door providion - Unit F with 6 doors and Unit E with 3 Shared yard area for both units
The property is elected for VAT and therefore VAT will be payable on the purchase price. We would anticipate the sale to be dealt with by way of a Transfer of a Going Concern (TOGC).
A new 3 storey office building to be located within the Mount Wise development in Devonport, Plymouth.
The property will be located within the Mount Wise development in Devonport, Plymouth. Plymouth is the largest city in the South West and major port and university town. Plymouth is located approximately 45 miles south west of Exeter and only 10 miles south of Dartmoor National Park. Mount Wise occupies a prominent position overlooking the River Tamar and Plymouth Sound and extends to approximately 28 acres and was used as naval headquarters during World War II.
8 person passenger lift to all floors Self contained entrance and lobby area Open plan office accommodation 2.70 m clear floor to ceiling height Fully DDA compliant with disabled WC facilities Shower, kitchen and WC facilities on each floor VRV comfort cooling system Fully accessible raised access floor system Suspended ceilings with recessed LG7 light fittings 9 secure cycle spaces Up to 28 dedicated car spaces
Strictly by appointment with the sole agent