Properties in Plymouth
Properties in Plymouth

PLYMOUTH Blog

City Council to develop an acre plot which could create 56 new jobs

Posted on 25th November 2018 in Uncategorized

An empty patch of land could become home for new and expanding businesses looking to be part of a highly-successful international business park.

Plymouth City Council is to develop an acre plot at the Plymouth International Medical and Technology Park in Derriford so that it can house more small or medium-sized businesses in ready to work space.

A decision is being signed this week that will give the green light to a ‘direct development’ scheme designed to create or support around 56 full time jobs.

Council leader Tudor Evans said: “We have been incredibly successful with our direct development schemes. We know there is a shortage of good modern offices and industrial units, so we are building them ourselves and businesses are flocking to them.”

Under the proposal, the council would build around 1,799 square metres of high quality commercial workspace using sustainable technology to minimise carbon emissions and running costs. This could including solar photovoltaic panels, better insulation, lighting and highly efficient heating systems.

When complete, the premises will form part of the council’s property portfolio, helping to bring in rental income into the city’s services. As it falls within the city boundaries, the businesses would also contribute business rates to Plymouth.

The city has a number of ‘direct development’ schemes including Oceansgate at Devonport which specialises in marine technology companies and Hearder Court at Langage Business Park which has recently been completed and has six units available to let ranging in size from 193 to 1,015 square metres.

Council Evans, said: “We are being proactive – stepping in and making things happen. One of our pledges is to build more factories and work space and why? because it means securing jobs, encouraging businesses to invest and stay here – as well as  earn a long term steady income for the Council.”

The decision seeks approval authorise expenditure and progress the procurement process. The Council will oversee the project with a a full professional team appointed to develop the scheme to detailed planning stage

The scheme will then be tendered on a traditional design and build basis.

Plymouth International Business Park is a well-established and popular location for employment space and good modern premises are in short supply.

Organisations already based there include The Peninsula Radiology Academy, Biovault Technical, the UK’s leading and largest private tissue bank and K2 Medical Systems.

It is in the north of Plymouth which is set to grow significantly over the next 15 years. Nearby the new Range Headquarters office and training facility and new store is currently being built.

Drakes Island for Sale for £6m

Posted on 14th October 2018 in Uncategorized

Dan McCauley purchased the land for £384,000 in 1995, is looking to sell for £6m. His company Rotolock Holding Limited was granted planning permission for a major development, which would include a spa, restaurant and 25 double and twin bedrooms.

The six-acre former fortress has been used as a religious centre, a prison during the reign of Charles II and, most recently, as an adventure training facility which closed its doors almost 30 years ago.

Mr McCauley’s son, Aidan, said: ‘We want to see the place come back to life. It has to come back to life.’

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Parking Space for Rent

PARKING SPACE available opposite the university next to Cuba from 1st November. Ideal for students or working professionals. 2 minutes walk to the mall. PM me for more information

New £50m new hotel and multi-storey car park has been revealed.

Posted on 24th September 2018 in Uncategorized
The Developer plans to build a new 12-storey hotel and nine storey car park on the former TV and Foot Anstey headquarters
It will create a 55 room double branded hotel to appeal to two different markets and create a car park for 300 vehicles.
It’s expected to cost between £45-50m and the Architects Design Group (ADG), who are involved in the plans have stressed its still at an early stage. A decision on the outline application is expected to be made in November 2018.
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Simon Zutshi speaking at Plymouth pin this month!

Posted on 9th October 2015 in Uncategorized

 

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We are delighted to confirm that at this month’s Plymouth pin meeting on Tuesday 13th October our main speaker for the night is none otherthan Simon Zutshi who is the founder of pin, and author of property bestseller Property Magic.

We are delighted that Simon will be sharing his new talk about ethical property investing.

It is a sad fact that, any industry where you can make big money will sometimes attract people who are not as ethical as maybe they should be, and unfortunately, the property world, where you can make a huge amount of money, is no exception.

Since most investors like to buy property at the lowest price possible, some people view this as unethical, taking advantage of vendors who desperately need to sell their property. However it need not be like this, in fact quite the opposite, by finding people who have a property related problem, and then looking to find an ethical win win solution to that problem everyone can benefit.

This presentation will include a number of case studies to help you understand this concept and how you can apply it to make money whilst helping other people.

In his presentation Simon will share with you the following valuable information:
How to find and help motivated sellers who will be happy to sell their property to you for less than it is worth.
The five magic words to help build rapport
How to pay less for property whilst being ethical
How to beat the competition and get vendors wanting to sell to you
If you want to pay less for your next property but also operate in an ethical manner then you need to reserve you place at this month’s pin meeting here now: http://www.plymouthpin.co.uk

We do hope you can join us at the Plymouth pin meeting on Tuesday 13th October.

P.S. We expect this to be our busiest meeting so far because Simon is speaking, so please reserve your place now and remember if you book at least 72 hours you will get entered into our monthly prize draw to win a fantastic prize. Reserve your place now. http://www.plymouthpin.co.uk

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Ocean City Festival

Posted on 30th August 2015 in Uncategorized

1 week to go until Ocean City Festival sponsored by Ocean BMW returns with tons of events including chef demos, music, entertainment and leisure!

OceanCityFestival

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Bar Burrito opens on the Barbican

Posted on 19th July 2015 in Bar, Burrito, Plymouth, Plymouth

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Ben Shearn, has hit the nail on the head by opening Bar Burrito on the Barbican today. He’s commonly known for his epic adventures, charity work and owning the iconic Treasury Bar. His concept of awesome Burritos, craft beer and a little magic is an experience everyone should go and try.

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Brittany Ferries Bastille Day

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We are celebrating Bastille Day with Brittany Ferries!

Stay tuned to Radio Plymouth on Tuesday 14th July and enjoy our day of French themed music. There’s also a chance to win a return crossing for 2 passengers and standard vehicle (up to 1.83m) from Plymouth to Roscoff. (Not including on board accommodation, insurance, en route accommodation, valid for travel before 31st December 2015.) Simply enter your details on the Radio Plymouth website here: http://www.radioplymouth.com/win/brittany-ferries-bastille-day/

Entry closes on Tuesday 14th at midnight and the winner announced on Thursday 16th July in Tim Manns drive show.

It’s not too late to book your summer break to France with Brittany Ferries and still save up to 25%, even during the school holidays! Choose from a range of accommodation including relaxing hotels, quaint cottages and chalet camping and enjoy the delights that France has to offer with the freedom of taking your car. For more information, visit: www.brittanyferries.com/bastille

Boston Tea Party opens in Jamaica House

Posted on 7th July 2015 in Uncategorized

boston_tea_partyPlymouth’s eagerly awaited Boston Tea Party café-bar opens in the dramatically rejuvenated Jamaica House building on Sutton Harbour this Saturday (July 11th).

The BTP chain launches its first Plymouth outlet this weekend after major renovations of the historic Grade II listed building, which borders Vauxhall Street and Exchange Street on Sutton Harbour.

The three-storey building has been sensitively restored and two floors transformed to seat 150 inside, with a flower-enclosed outdoor seating area for 30 created with stunning views over the marina towards the Barbican.

Sam Roberts, Managing Director of BTP, said: “We’ve been wanting to open a venue in Plymouth for some time but it wasn’t until we found the perfect location at Jamaica House in the historic Sutton Harbour that it was made possible. We’re thrilled to be bringing Boston Tea Party to Plymouth, a city so full of character, and can’t wait to be based right in the heart of the action in the lively waterfront with its tremendous atmosphere.

“Come and see us soon: we’re open late on Thursday, Friday and Saturday nights with great craft beers on tap to try over a meal, or pop in early for a coffee – or brunch – on your way to work.”

The Plymouth Boston Tea Party venue has been given its own unique character with an eclectic mix of up-cycled, salvaged and restored furniture and fittings installed, including old gymnasium flooring on the walls and school chairs.

The café-bar will be open from 7am-9pm Monday to Wednesday, 7am-11pm Thursday to Saturday, and 8am-9pm on Sundays.

A regularly changing seasonal menu employing local produce where possible will include breakfast, main meals, a children’s menu, freshly ground coffee, and a range of craft ales, beers and cider on draught, as well as a variety of other drinks, snacks and homemade cakes.

Boston Tea Party has created 35 new jobs at the Plymouth venue, the majority filled by local applicants.

Charlotte Malcolm, Commercial Marketing Manager for Sutton Harbour Holdings plc, said: “There has been huge interest in the new Boston Tea Party venue opening in Sutton Harbour this weekend as this enormously popular chain arrives in Plymouth at last. “Vauxhall Quay is proving a popular location with people visiting the recently opened pizza and cider restaurant The Stable, and we’re excited to have another fantastic national chain launching just next door at Jamaica House.

“Our ongoing drive to regenerate the waterfront district of Britain’s Ocean City is supported by landmark buildings like this being redeveloped, along with our plans to create a £3million boardwalk providing a pedestrian link over the water from Vauxhall Quay to Guy’s Quay.”

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Stamp Duty Changes

Posted on 3rd December 2014 in Stamp Duty

You have to pay Stamp Duty Land Tax (SDLT) if you buy a property in the UK over a certain price. This is charged on all purchases of houses, flats and other land and buildings.

Different rates apply in Scotland from 1 April 2015 when Land and Buildings Transaction Tax (LBTT) replaces SDLT.

The SDLT rate depends on:

  • the purchase price of the property
  • whether the property is residential

SDLT may also be due if you lease a property.

SDLT rates from 4 December 2014

SDLT is charged at different rates depending on the portion of the purchase price that falls into each rate band.

Before 4 December 2014, SDLT was charged as a single percentage of the property price.

Where contracts have been exchanged on or before 3 December 2014, and the transaction is completed on 4 December or later, you can choose whether you follow the new or the old rules.

Residential properties

Purchase price of property Rate of SDLT (percentage of portion of purchase price)
£0 – £125,000 0%
£125,001 – £250,000 2%
£250,001 – £925,000 5%
£925,001 – £1.5 million 10%
Over £1.5 million 12%

Corporate bodies

SDLT is charged at 15% on residential dwellings costing more than £500,000 bought by bodies like:

  • companies
  • collective investment schemes

There are some exceptions. For example, you pay SDLT based on the new rates and bands where the property is used for:

  • a property rental business
  • a property development or resale trade
  • providing admission to visitors on a commercial basis

Residential leases

If your residential lease is for more than £125,000, you’ll pay 1% SDLTon the amount above the £125,000 threshold.

Non-residential and mixed-use properties

Purchase price/lease premium or transfer value Rate of SDLT (percentage of portion of purchase price)
Up to £150,000 – annual rent is less than £1,000 Zero
Up to £150,000 – annual rent is £1,000 or more 1%
Over £150,000 to £250,000 1%
Over £250,000 to £500,000 3%
Over £500,000 4%