Albert Rd, Plymouth, PL2 1AQ
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
8
- BATHROOMS
8
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Former public house offering substantial redevelopment potential
- Planning permission granted for an 8-bedroom HMO - 3 Studios and 5 en-suite bedrooms
- Substantial side plot with potential for future development, subject to planning Scope to explore an alternative internal configuration Located within easy reach of Babcock Devonport Dockyard Signific
- Scope to explore an alternative internal configuration
- Located within easy reach of Babcock Devonport Dockyard
- Range of surveys and supporting documentation available
Description
Francis Stuart is pleased to bring to the market Stonemasons, Albert Road, a substantial former public house offering an exciting redevelopment opportunity in Plymouth.
The property is now in need of complete refurbishment but benefits from existing planning permission for conversion into an 8-bedroom HMO, providing an excellent starting point for an investor or developer looking for their next project.
The approved scheme currently comprises:
3 studio rooms
5 en-suite bedrooms
Communal accommodation
The property occupies a substantial site and also benefits from a significant area of land to the side, which may offer scope for further development in the future, subject to the necessary investigations, planning permissions and consents.
Further Development Potential
In addition to the existing planning permission, further work has been undertaken to explore whether the scheme could be redesigned to improve both the build specification and overall investment potential.
An alternative layout is currently being considered which would retain an 8-bedroom configuration, whilst removing the proposed loft conversion and introducing additional studio-style accommodation.
Initial discussions have taken place with the planning consultant, Plymouth City Council's HMO team and experienced local contractors, with positive initial feedback received.
Any alteration to the approved scheme would remain subject to the appropriate plans, permissions and approvals, and purchasers should undertake their own due diligence.
Location
Albert Road is particularly well positioned for Babcock's HMNB Devonport Dockyard.
Additional Information
The current owner holds a range of surveys and supporting information relating to the property, which can be made available to seriously interested parties.
This is a substantial project and would ideally suit an experienced investor or developer with an established refurbishment team.
For purchasers requiring additional assistance, Francis Stuart Consultancy can also provide a separate project consultancy service, helping coordinate the development alongside the purchaser's appointed contractors and professional team.
All development opportunities and alternative layouts are subject to the necessary planning permissions, building regulations, licensing requirements and other relevant consents. Prospective purchasers should satisfy themselves as to all planning, development, rental and financial information prior to purchase.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Albert Rd, Plymouth, PL2 1AQ
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Visit our security centre to find out moreDisclaimer - Property reference S1838030. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Francis Stuart, Plymouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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