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Forward Purchase Residential Investment Opportunity
Block C, Millbay Marina VillageCustom House Lane, Plymouth, PL1 3TG
Indicative site boundary
n A prime forward purchase investment opportunity
situated within Plymouth’s Coastal Quarter
n Exceptional views across Plymouth Sound
n Full Planning permission granted for 44 residential
apartments in Block C
n No on-site affordable housing
n High specifi cation
n Expected build completion in Summer 2017
LocationThe transformation of Millbay is a key element in Plymouth’s ambitions
to be one of Europe’s most vibrant waterfront cities. Millbay is set to be
a diverse and thriving community with a new marina at its heart, award
winning homes and the Plymouth School of Creative Arts.
Millbay Marina Village is an established residential and marina location
situated at the southern end of Millbay overlooking Plymouth Sound. It is
located approximately 1 mile south of Plymouth City Centre.
The site is accessed directly off Great Western Road, which links to West
Hoe Road to the north. The principal access in and out of Plymouth is via
the A38 (Manadon junction approximately 3.5 miles to the north), which
provides dual carriageway access to Exeter to the north-east.
Plymouth Train Station is approximately 1.5 miles to the north and
provides mainline services to Exeter St David’s, Bristol Temple Meads and
London Paddington.
Exeter International Airport is approximately 49 miles to the north-east
providing scheduled and chartered fl ights to a range of national and
international destinations.
The land immediately to the north of Millbay Marina Village, known as East
Quay, represents Phase 3 of Millbay’s regeneration and has the benefi t of
outline planning permission for a major mixed use development including
residential (up to 600 units), retail, offi ce, hotel and a multi-storey car park.
All of the apartments within the recently completed Quadrant Quay have
successfully sold.
View of proposed development from sea
View of development looking south east
The SiteThe planning application site area extends to approximately 2.18 acres (0.88 ha). The site forms the remaining part of Millbay Marina Village, which currently comprises a 7-storey apartment scheme known as ‘The Bridge’ and two separate blocks of mews houses overlooking the marina.
Block C comprises 44 apartments and is situated immediately to the south of The Bridge building and to the east of the mews houses and will effectively complete this quadrant of development.
Vehicular access is via Custom House Lane which runs along the northern boundary of Millbay Marina Village. This is a private road which is accessed off Great Western Road.
View of Block C marina elevation
Planning HistoryDetailed planning permission (ref:14/01103/FUL) was granted on 30th September 2015 for the development of 142 residential apartments in three self contained blocks comprising Blocks A, B and C, with associated car parking, infrastructure, landscaping and remedial works to the existing pier structure.
All three blocks have been designed to maximise the views towards Plymouth Sound and the Millbay Marina basin
Tenure & TitleThe Site forms part of the Seller’s leasehold interest in Millbay Marina Village, which is registered under title number DN331179. The proprietor, Pinwood Homes, owns the residue of a 999 year lease from March 1988 and the land is held on trust. A copy of the Title Register and Plan is available in the Technical Pack.
Block C, Millbay Marina Village, Custom House Lane, Plymouth, PL1 3TG
View of Block C marina elevation
The key documents relating to the most recent planning application and a full unit schedule are included in the Technical Pack.
The table below provides a summary of the accommodation to be provided in Block C.ServicesCopies of the service enquiry responses from Wales & West, Western Power Distribution and South West Water can be provided.
Method of SaleThe vendors are seeking a forward purchase of Block C. It is available by private treaty.
Linden Homes will enter into a build contract to construct 44 apartments in Block C upon an unconditional exchange of contracts. The build period is anticipated to be in the region of 18 months. The building will be constructed to a high specification, and will benefit from a 10 year Building Warranty.
The apartments will be sold on a long lease hold basis. A buyer will be able to select a managing agent.
Local AuthorityThe site falls within the jurisdiction of Plymouth City Council:
Plymouth City Council Ballard House, West Hoe Road, Plymouth, PL1 3BJ
Tel: 01752 668000 Email: [email protected]
No. of Units StoreysParking
Total GIA (sq ft)Undercroft External
442no. 1-bed (average: 517 sq ft GIA)38no. 2-bed (average: 944 sq ft GIA)4no. 3-bed (average: 1470 sq ft GIA)
6-storey 28 1642,798
(excluding common areas)
Block C, Millbay Marina Village, Custom House Lane, Plymouth, PL1 3TG
Savills Bristol Embassy HouseQueens Avenue Bristol BS8 1SB
0117 910 2200
IMPORTANT NOTICE Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. 3. We have not made any investigations into the existence or otherwise of any issues concerning pollution of land, air or water contamination and the purchaser is responsible for making his own enquiries in this regard. Photographs taken January 2016. Kingfisher Print and Design. 01803 867087. 16/3/24 CL
Further InformationA Technical Pack is available to interested parties, upon request. This includes the following information:
n Location plan
n Photographs
n Land Registry titles and plans
n Computer generated images of the completed development
n Building specification / finishes
n Block C unit schedule
n Planning documents
n Floorplans & elevations
ViewingStrictly by prior appointment with sole selling agents, Savills. The intention is to hold a number of viewing days and details will be made available to interested parties.
Contact
Ordnance Survey © Crown copyright 2016. All rights reserved. Licence number 100022432.
Savills Bristol
George Cardale
+44 (0) 1179 100 351
Savills Residential Investment
George Hepburne Scott
0207 016 3761
Chris Davie
0207 016 3792
B
C
A
Savills Residential Investment33 Margaret StreetLondon W1G 0JD
0207 016 3761
Indicative site boundary