Sanderson Weatherall has been instructed to market Mayflower House in Plymouth for sale on behalf of LPA receivers.
The property comprises a former office building with detailed planning consent for the development of a high quality 18 storey purpose-built student accommodation scheme, providing 490 bedrooms in total, arranged around 52 clusters and 78 studios. In addition, the planning consent incorporates an element of office and retail space.
The building is located on Mayflower Street in the heart of Plymouth City Centre with a frontage to Armada Way, which is one of the main pedestrian thoroughfares in the city centre. The property is well located being within close proximity to Plymouth University and to existing student accommodation blocks, Beckley Court and Discovery Heights.
Tim Simmons of Sanderson Weatherall commented; ‘this is a fantastic development opportunity in the heart of Plymouth City Centre with an existing high-quality PBSA consented scheme. Such is the location, that the building may also be suitable for other types of mixed use development proposals if so desired. You couldn’t get more centrally located within Plymouth and the property forms part of the City Centre Strategic Masterplan, with various proposed new schemes and public realm improvements planned. Interested parties are encouraged to make early contact with us in respect of the opportunity, as interest levels are already proving strong’.
For further information contact Tim Simmons.