Millbay, commonly known as Millbay Docks is one of the largest regeneration projects in South England, transforming the area into a vibrant waterfront quarter for Plymouth.
Being a seaside city, tourism makes up a notable sector of the local economy, being worth over £300 million, where over 270 marine-related firms are soaring. In the 1930s many of the transatlantic mail liners moored en route in Plymouth Sound and both mail and passengers were transferred by tenders operating the Millbay Docks. As the largest port on the south coast, with ferry’s to Europe and 3-hour train journeys to London, Plymouth welcomes 5.5 million visitors every year, proving itself to be an ideal location for hotel and holiday lodge property investment.
For almost 26 years, Plymouth’s historic waterfront has undergone regenerative planning to convert Millbay Docks into a thriving marina-side residential village.
To realise these plans, the Millbay Pier project will redevelop the pier and surrounding dockland into three eleven-storey residential apartment buildings accompanied by two smaller land-based apartment blocks of five and six-storeys. The regeneration of Millbay Pier will complete a long-term plan to redevelop the area into a signature housing development including retail and leisure units. The plans will revive a run-down area of Plymouth’s historical harbourside and provide much needed housing in the city.
Dutch-based Vastint Hospitality have submitted a hybrid application to put a 175-bedroom hotel, seven houses and seven studio apartments for short-term rent, on the Pavilions carpark. English Cities Fund (ECf), the company behind the long-term regeneration of Millbay, wants to see a 10-storey block of 58 apartments and a 155-bedroom hotel rise up on land known as Plot C1 off Millbay Road.
Additionally, Mayflower Court, nicknamed the Abbeyfield Project, will provide an 8-storey block of retirement flats. Due to be completed in early 2020, the multi-million-pound development will consist of 10 one-bedroom apartments for sale, 70 remaining one and two-bedroom apartments for rental and ground floor restaurant, hair salon and commercial units.
To complement the ocean city’s reputation, Millbay offers an array of eateries including Bridgeman’s and Mill Bay’s Sushi.
Millbay is located less than twenty minutes from Plymouth Railway Station which is in the process of undergoing regeneration to improve connectivity and the local atmosphere.
The Joint Local Plan says any development should provide for the following:
- A more intensive form of development which makes better use of vacant and underused space, with retention and refurbishment of Intercity House or its replacement with a high-quality landmark building.
- Use of landmark buildings to provide a widely visible presence to the station.
- A high quality and attractive station entrance, including the creation of a new public space, with a direct public route on foot and by bicycle from Armada Way.
- Uses which create activity around the station.
- Clear information regarding connecting bus services and good access for bus passengers.
- Opportunities to support the introduction of sustainable transport choices such as cycle hire, car clubs and electric vehicle charge points.
- Replacement of the existing multi-storey car park, with high quality parking provided as an integral part of the scheme.
- Pedestrian and cycle links to Central Park
- Enhanced connections between the campuses, the City Centre, the History Centre, Railway Station and neighbouring areas of the city.
- Tree planting and greening of the campuses to enhance the environment and absorb air pollution.
- Sustainable energy strategies, including the delivery of district heating opportunities.
Plymouth is set to get a Metro system with new stations in and around the city. The proposed scheme, branded ‘Plymouth trams’ is a bid to get commuters off the road. Two areas in Plympton, Marsh Mills and Colebrook, have already been earmarked for a station and the first step will be to reopen the local rail link to Tavistock, reinstating the Plymouth to Exeter routes via Tavistock and Okehampton. Work is already underway to make that a reality.
If the plans go ahead, this will greatly benefit the connectivity Millbay has to the wider Plymouth area.
Home to Plymouth School of Creative Arts, commonly known as ‘The Red School’ Millbay is at the centre of Plymouth’s thriving creative community. Only 5 minutes’ drive away from the University of Plymouth the Millbay acts as the perfect location of socialising. Responsible for 23,155 of Plymouth’s student population Millbay supported by mass regeneration is the ideal location for residential and student property investment.
Plymouth is a vibrant seaside city offering a fantastic quality of life. One of the reasons so many moves to Plymouth whether for university or for career prospects, is the exciting cultural scene mixed with the beautiful sea.
In the centre of extensive regeneration schemes including the 24.6 Northern Corridor transport scheme and the £13 million Science and technology hub, now is the time to invest in Plymouth’s thriving district for student, residential and commercial property.