5/6/7 Gibbon Lane And 34 Gibbon Street, Plymouth, PL4 8BZ

Location

The property comprises of 3 separate lots which are all adjacent to each other. Nr 5/6, also known as The Cube, is an operational PBSA scheme. It is arranged over 4 floors and provides 5 studios on the ground floor, and 6 studios on each of the upper floors, totalling 23 studios in the building. Each studio has its own en suite. There is a terrace on the roof which is surrounded by a parapet wall. In our opinion this could provide an additional floor of accommodation (STPP).

Nr 7 is a derelict house and formed part of the original planning application for Nr 5/6/7, under planning application reference 03/01649/FUL. Only 5/6 were built out and a subsequent variation was submitted to alter the design of Nr 7. Therefore the application is extant. The proposal is for a 4 storey building with 3 studios on each floor, totalling 12 studios in the building.

Nr 34 is a former pub located on the corner of Gibbon Lane and Gibbon Street. Our client has had initial sketch designs drawn up which provides for a 4/5 storey building for Nr 7 Gibbon Lane and Nr 34 Gibbon Street, totalling 48 studios in this part of the building. In our opinion an additional floor could be added (STPP).

A data pack including floor plans and a tenancy schedule is available upon request.

Student Market:

There are around 23,000 students in the city of Plymouth, which is now home to three universities with Arts University Plymouth, formally Plymouth College of Art gaining its University status in 2022. The majority of these students study at The University of Plymouth, which has an additional 7,500 students studying for a Plymouth degree at partner institutions in the UK and around the world.

The University of Plymouth is one of the leading universities in the UK. The Peninsula Dental School, which is part of the University was the first in the UK to achieve RCS Surgical Education Centre accreditation. The Peninsula Medical School was ranked within the top 10 in the UK for 2024 by the Planetary Health Report Card Initiative.

Marjon University is ranked in England's top 10 Universities in three key areas in the Times and Sunday Times Good University Guide 2024. Further information. Arts University Plymouth consistently ranks highly in the National Student Survey, where it has been ranked the top arts University
in the UK for 2023 and 2024.

Arts University Plymouth consistently ranks highly in the National Student Survey, where it has been ranked the top arts University in the UK for 2023 and 2024.

Summary

Key points

• Purpose built student block producing £189,913 gross pa.
• Popular student area
• Opposite Plymouth University
• Derelict house which has an extant planning consent for the construction of PBSA containing 12 studios
• Former pub which has been closed for a number of years and could form part of a new PBSA scheme (STPP
• Potential for 91 studios (STPP)
• Planning permission granted for 35 studios, of which 23 are already operational.
• Conditional contract available

Contact

Vickery Holman Limited
Tel: 07525 984443
Joanne High
jhigh@vickeryholman.com
Vickery Holman Limited
Tel: 07841 150716
Carys Makelis
cmakelis@vickeryholman.com

EPC