Plymouth is the largest port City on the south coast of England with a population of 264,700 (ONS 2021). In addition to a large commercial and ferry port, Plymouth hosts the largest military naval base in Western Europe, stationing over 2,500 armed forces personnel and significant manufacturing and engineering supporting sectors. The City has just been named as one of eight Freeports within the UK, which will operate as a Freezone across three different sites.
The City is situated approximately 45 miles south west of Exeter, 121 miles south west of Bristol and 216 miles south west of London.

The property is located in the very heart of the vibrant retail and leisure hub of Plymouth City Centre and benefits from prominent frontage onto the popular New George Street as well as Royal Parade and Bedford Way. The building is located on the pedestrianised section of New George Street and benefit’s from the strong footfall generated by one of Plymouth’s principle retail thoroughfares. This section of New George Street connects Plymouth’s 545,000 sq ft Drake Circus Shopping Centre to the east and Plymouth’s Sundial to the west.
The property’s eastern frontage faces onto Royal Parade and Plymouth City Centre’s principle bus stops and bus routes. The University of Plymouth is located 0.4 miles to the north and Plymouth Train Station is 0.6 miles to the north of the property.

The property occupies a prominent corner building arranged over basement, ground, first, second and third floors. One of the largest supermarket chains in the UK is located on the ground floor and their warehouse/storage space and in-store bakery is located to the basement. The second floor space is utilised for offices, staff accommodation and ancillary space of the supermarket chain. The main tenant has sublet approximately 42,814 sq ft of the building’s space to a subsidiary of a well-known American apparel and home goods company.

Plymouth City Council are transforming the public realm along New George Street, Old Town Street, Armada Way and Civic Square, further reinforcing Plymouth’s appeal as a premier retail and shopping destination for the South West.
The £23m investment is set to revive and rejuvenate the city centre by including more diversified office and residential uses as well as improving existing retail offerings. The project will directly support economic growth by encouraging increased footfall in the city centre and attracting inward investment as well as making Plymouth a safer, more sociable and enjoyable place for shoppers, visitors and residents.

The revamp of New George Street and Old Town Street is due to be completed in 2024.