This property includes three adjacent lots, offering significant renovation and investment opportunities for potential buyers. The first lot, known as The Cube (numbers 5 and 6), currently operates as a purpose-built student accommodation scheme spanning four floors. It features 23 individual studios, each equipped with en suite facilities. A noteworthy element of this property is the rooftop terrace, which may provide the possibility for an additional floor of accommodation subject to planning approval.
The second lot, number 7, consists of a derelict house that was originally part of a comprehensive planning application encompassing all three lots under reference 03/01649/FUL. While only numbers 5 and 6 have been developed to date, there is an opportunity to resurrect the plans for a new four-story structure featuring 12 studios across three floors, further enhancing the area's rental offerings.
Lastly, lot number 34 is a former pub located at the intersection of Gibbon Lane and Gibbon Street. Preliminary design sketches have been created for this site, proposing a modern four or five-story building that could accommodate up to 48 additional studios in conjunction with number 7. Given current trends in urban development, there may be potential to increase height on this site as well (subject to planning).
Situated in Plymouth—home to about 23,000 students across three universities—the property benefits from proximity to vibrant academic institutions including the University of Plymouth and Marjon University. With ongoing growth in student enrollment and new developments within local universities, this area presents strong demand for student housing solutions.
A data pack containing detailed floor plans and tenancy schedules can be made available upon request for interested parties looking to explore the investment prospects associated with these lots.
