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Deal sees MoD site bought by marine firm

By Western Morning News  |  Posted: March 31, 2014

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A former Royal Marines base in Plymouth which was declared surplus to military requirements by the MoD has been bought by a marine leisure business.

The Yacht Havens Group has announced that it has bought the freehold to the 14 acre site at Turnchapel from Defence Estates.

The business took possession of the waterfront site last week after buying it for an undisclosed sum.

Formerly the home of 539 Royal Marines Assault Squadron, the land was offered for sale by the MoD using a formal tender process through Jones Lang LaSalle’s Exeter office.

Earlier in the year, 539 Assault Squadron relocated from the site to a new £30 million base in Devonport Naval Base.

As well as the land, the Turnchapel site also includes access onto three hectares of deep-water river and a variety of warehouse, office and engineering facilities.

Yacht Havens Group managing director Dylan Kalis said: “This new acquisition comes at an excellent time for Plymouth as the financial climate becomes more positive. We can now offer ideal waterfront commercial opportunities in an existing purpose-built location, meaning there will be little to no delay for new businesses seeking opportunities to site themselves in a premium water-front setting.’

The business, which operates marinas across the country, plans to operate the site alongside their three other Plymouth marinas – Plymouth Yacht Haven, Yacht Haven Quay and Blagdons.

Yacht Havens said it would offer workshop, storage and office space. The site also has 280m of pontoon space with deep water access; vehicle workshop units and offices. premises; start up premises and a refuelling station with marine diesel and petrol.

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