Led by Matt Lenzie, ex-Lloyds Bank and Bank of Scotland, we arrange commercial mortgages, bridging finance, and development finance for property professionals across Plymouth and Devon.
Plymouth stands out with above-average yields of 6.5%, making it one of the UK's most attractive commercial property markets for investors.
Direct relationships with executives and board members of the UK's leading lenders
Former Lloyds Bank and Bank of Scotland professionals who understand lender criteria inside-out
Direct relationships with lender decision-makers for faster approvals and better terms
Proven success arranging complex commercial property finance across the UK
“Naval dockyard anchors economy. University drives student demand. Royal William Yard successful heritage conversion.”
— CMB Market Analysis
Royal William Yard; Millbay; city centre transformation
| Property Type | Prime / Grade A | Secondary | Market Range |
|---|---|---|---|
| Office | £23 psf | £14 psf | £14 - £23 psf |
| Retail / Shop | £47 psf | £16 psf | £16 - £47 psf |
| Industrial | £9 psf | £6 psf | £6 - £9 psf |
Market estimates based on Q1 2026 regional benchmarking data. For accurate valuations, contact us for a detailed assessment.
Indicative gross yields. Actual returns depend on property condition, lease terms, and tenant covenant strength.
The Plymouth market shows positive momentum with yields compressing slightly against regional averages.
Representative transactions reflecting current market activity. Prices are guide values based on comparable evidence.
Serviced office premises, town centre
Lock-up shop unit, Royal William Yard
Light industrial unit with yard, Barbican
Commercial/residential investment, Plympton
11-unit freehold block of flats, Royal William Yard
28-room guest house with owner's accommodation, Mutley
56-bed nursing home with planning consent, City Centre
Land with outline planning permission, Barbican
Market estimates based on Q1 2026 regional benchmarking. For accurate valuations, contact us.
Founder & Principal Broker
With a career spanning Lloyds Bank, Bank of Scotland, and a partnership in a corporate finance business, Matt brings institutional-grade expertise to every deal in Plymouth. Currently a board advisor to a pension administrator and trustee with £3.9bn of assets under advisory, Matt has raised over £300m of capital for property professionals across the UK.
View Full ProfilePlymouth presents development opportunities linked to Royal William Yard. Growing demand from the Naval/Defence sector is creating opportunities for purpose-built commercial space and conversion projects. Strong transport links enhance viability for mixed-use and residential-led schemes.
Good appetite for student accommodation and heritage conversion. Residential supported.
Our team has deep experience arranging commercial mortgages, bridging loans, and development finance across Plymouth and the wider Devon region, from commercial property purchases to development and refurbishment projects.
Plymouth is a major Devon port city with strong naval heritage and university presence. The commercial property market benefits from strong demand across Naval/Defence, Higher Education, Marine sectors, creating diverse occupier interest and reducing single-sector risk. With average yields of 6.5% and 16.2% price growth over five years, Plymouth offers compelling returns for commercial property investors. Excellent connectivity via Plymouth rail station supports tenant demand and underpins long-term property values. Ongoing regeneration activity, including Royal William Yard, further enhances the investment outlook and signals sustained public and private sector confidence.
The Plymouth market requires realistic expectations around liquidity and exit timelines for commercial assets. Secondary location pricing can be volatile, and investors benefit from strong local knowledge and established lender relationships.
Plymouth's commercial property landscape has been shaped by Royal William Yard. Growth in the Naval/Defence sector has driven notable investment activity, with occupier demand supporting new development and refurbishment projects across the area.
Plymouth falls under Devon planning authority, where the adopted local plan supports commercial development and economic growth. Planning decisions reflect a balance between heritage conservation and enabling new investment, with CIL charges and Section 106 contributions applying to larger schemes.
Commercial property news for Plymouth will appear here once available. Check back soon for the latest market updates.
We provide commercial mortgages, bridging finance, and development finance throughout Devon.
Commercial mortgage services available across Plymouth and surrounding areas. View larger map
Office rents in Plymouth range from approximately £14 per square foot for secondary space up to £23 per square foot for Grade A accommodation. Grade B office space, which represents the bulk of the market, typically commands around £20 per square foot. These figures are based on Q1 2026 regional market benchmarking.
Investment yields in Plymouth vary by property type and grade. Current indicative yields are: offices at 5.57%-7.83%, retail at 6.33%-7.62%, industrial at 6.18%-6.98%, residential single-let at 6.54%. Prime yields are typically lower, reflecting stronger covenant strength and location quality. Contact us for a detailed yield analysis for your target property type.
Plymouth's commercial property market includes offices, retail units, industrial premises, residential investment blocks, care homes, hotels and guest houses. We arrange finance across all commercial property types, from standard office and retail purchases to specialist assets requiring tailored lending solutions.
Residential investment blocks in Plymouth typically trade at around £196,810 per unit, or approximately £229 per square foot. Blocks of 4-24 units are the most common size bracket for private investors. Yields for single-let apartments average 6.54%. We can arrange commercial mortgages for blocks of 4+ units through specialist BTL lenders.
Care homes in Plymouth typically trade at around £53,965 per registered bed. A typical 52-bed home would therefore be valued between £1.1m and £3.2m. Care home financing is specialist in nature and we work with lenders who understand the operational and regulatory requirements of the sector.