Greenbank, Plymouth

  • 9% Assured NET yields for 2 years
  • Experienced developer
  • Located in an area with high rental demand
  • On-site lettings and management office (PRIMO Property Management)
  • Brand name supermarket built next door
  • Completion in time for September 2014 intake

Introduction

Landmark Developments is delighted to present a marvellous refurbishment development of a Grade II listed building.  The completely renovated student accommodation will comprise of 57 luxury studios and eight en-suite rooms.

All rooms will be finished to the highest standard with boutique style facilities and students will benefit from a gymnasium and a common room which will allow students to socialise establishing a sense of community throughout the building.

The Grade II listed building has served as both a jail and a police headquarters since it was constructed in 1849.   It was a functioning prison until the 1930’s when it was converted into the headquarters for the Nottingham police constabulary.  The building was bombed during World War 2 with the bomb crashing through its roof but survived the experience and remained the police headquarters until 1987 when it was finally shut down.  After this time, the building fell into ruin and disrepair with many Plymouth residents campaigning for the uninhabited historical site to be restored.

Forshaw Land, a developer specialising in breathing new life into derelict buildings, has identified Greenbank as a perfect location for a private student residence.  In conjunction with Landmark Developments, they have undertaken the refurbishment of Greenbank striving to restore the site to its former glory.

The location is superb; shopping amenities will be offered by a big-name supermarket, which will stand adjacent to the development, and students will never be far from their studies with Plymouth University only a 15-minute walk away.

Plymouth University boasts over 22,000 students, 3,000 of whom are from overseas, and dates back to 1862 when it was a school of navigation.  The University has stayed true to its maritime roots and opened a £19 million Marine Building last year as part of the larger Marine Institute which is the most extensive in Europe.

Plymouth University aims to grow into a global centre for research within the maritime field and aspires to become ‘the Enterprise University’ which will be world renowned for its engagements in business and enterprise-led innovation.

This investment opportunity is ideal as it not only provides a 9% NET yield assured for 2 years, but offers an armchair investment with an experienced property management company, Primo Property Management, already in place to let and manage the building ensuring students have round-the-clock maintenance and assistance for their units.

  • Plymouth University – 15 minutes
  • Train Station – 13 minutes
  • Drake Circus Shopping District – 10 minutes
  • Ford & Central Parks – 15 to 20 minutes
  • Vue Cinema – 13 minutes
  • Sutton Harbour Marina – 9 minutes
 
 

Location of Greenbank

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Amenities and places of interest within a 15-minute walk include:

  • Plymouth University
  • Plymout Train Station
  • Drake Circus Shopping District
  • Ford & Central Parks
  • Vue Cinema
  • Sutton Harbour Marina

 

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