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Grade II Listed Building in Plymouth City Centre with Mixed Use Development Potential For Sale

Plymouth, Devon
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City Centre- Would suit construction company partnership For Sale in Plymouth Photo 1
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City Centre- Would suit construction company partnership For Sale in PlymouthCity Centre- Would suit construction company partnership For Sale in PlymouthCity Centre- Would suit construction company partnership For Sale in PlymouthCity Centre- Would suit construction company partnership For Sale in PlymouthCity Centre- Would suit construction company partnership For Sale in PlymouthCity Centre- Would suit construction company partnership For Sale in PlymouthCity Centre- Would suit construction company partnership For Sale in PlymouthCity Centre- Would suit construction company partnership For Sale in PlymouthCity Centre- Would suit construction company partnership For Sale in PlymouthCity Centre- Would suit construction company partnership For Sale in PlymouthCity Centre- Would suit construction company partnership For Sale in PlymouthCity Centre- Would suit construction company partnership For Sale in PlymouthCity Centre- Would suit construction company partnership For Sale in PlymouthCity Centre- Would suit construction company partnership For Sale in PlymouthCity Centre- Would suit construction company partnership For Sale in Plymouth
  • Leasehold: £1,500,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

City Centre Would suit construction company partnership For Sale in Plymouth

The Treasury Bar, Restaurant & Buildings is a Grade II Listed property on the East end of Plymouth's famous Guildhall. Dating back to 1615, the venue boasts a rich history replete with original features. Surviving the bombings of WW11, the Treasury, once part of the Guildhall, stands as a testament to resilience, having been restored rather than demolished like many other buildings. Serving as a crucial element of the Plymouth Police HQ from 1873 to 1935, remnants of its past, like the original police lamp above the door on Catherine Street, still endure. Following its acquisition by the City Council in 1935, the building transitioned into the City Treasury, where locals once paid their rates. Today, the Treasury offers a relaxed dining experience and houses a well-stocked bar featuring an impressive selection of 35 cocktails and over 150 gins. The grand walk-in strong room remains an intriguing feature within the premises, but is just a small section of what can be garnered within the rest of the building, which remains as per when the doors closed. Currently featuring a range of rooms over 3 floors, our client’s have reached an agreement with the City Council in respect of redevelopment of the site into a boutique hotel / mixed use scheme, with plans being finalised for approval, following a successful pre application. Currently the plans are flexible to provide a range of suites and residential, the latter of which can be up to 35% of the GIA of the building. Already successfully run as a bar / restaurant, the opportunity lends itself to a developer / operator looking for a site in a key strategic location within the city in a truly iconic building, with both our clients and the city council keen to engage on the redevelopment of the site.

Location
Plymouth boasts a rich maritime heritage, stunning coastal landscapes, and a vibrant cultural scene. Situated approximately 40 miles southwest of Exeter, Plymouth is conveniently accessible via major motorway networks such as the A38 and M5, making it an ideal location for both business and leisure travellers.
As the largest city in Devon, Plymouth offers a diverse range of investment opportunities across various sectors. Its strategic location provides easy access to international markets, with the bustling port serving as a gateway for trade and commerce. The city's thriving economy is fuelled by key industries including marine technology, renewable energy, and healthcare, making it an attractive destination for investors seeking growth and innovation.
Beyond its economic potential, Plymouth boasts a wealth of attractions and amenities for residents and visitors alike. From historic landmarks such as the Mayflower Steps and Plymouth Hoe to modern cultural venues like the Theatre Royal and Plymouth Pavilions, there's no shortage of things to see and do. The city's picturesque waterfront, vibrant shopping districts, and lively nightlife make it a dynamic destination for entertainment and leisure. Whether you're looking to invest in emerging industries, explore new business opportunities, or simply enjoy the unique charm of coastal living, Plymouth offers a compelling proposition for investors seeking growth and prosperity.

• Our Reference: CD-10253
• Historic Grade II listed building
• C. 1,900 sq m / 20,500 sq f GIA space over 3 floors
• Pre-App approval for mixed scheme
• Residential / Hotel / Bar & Restaurant use
• Potential for C. 20 hotel suites
• Development partner / operator sought
• New 125 year lease with peppercorn rent & ground rent
• A thriving bar and restaurant currently occupy part of the building
• LH Price: £1,500,000
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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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