Historic Yacht Club Secures New Premises
After selling its high profile, waterfront property in 2019, the historic Royal Plymouth Corinthian Yacht Club has now secured its new residence following assistance from South West law firm, GA Solicitors.
The Club has agreed a six year lease on a period property, located on Plymouth’s Barbican, and has plans to update the venue to create a bar, shower facilities and a comfortable setting for its 150 members.
This investment follows the six-figure sale of the Royal Plymouth Corinthian Yacht Club’s waterfront property and events and restaurant business in September 2019.
In keeping with its own extensive background, the new property is steeped in history and located next to the renowned Lenkiewicz art gallery on The Parade. Just minutes from the water, it overlooks the Barbican’s idyllic cobbled streets, with views of Sutton Harbour.
David Stone, head of the commercial department at GA Solicitors and the solicitor who advised on the lease, commented: “With its longstanding history and growing membership, the Club needed a base in keeping with its values while still being located close to the water. 25 The Parade was the perfect choice.
“A planning application was required for change of use and, although not a listed building, the property is part of the Barbican Conservation Area. Understanding the need to value history, the Royal Plymouth Corinthian Yacht Club will maintain the integrity of the building as part of the necessary upgrades and ensure an ideal base for its members.”
Nick Haynes, committee member and honorary treasurer of the Royal Plymouth Corinthian Yacht Club, added: “Choosing to sell our previous site on the Hoe was a significant decision. We wanted to put our focus back into sailing and supporting our members. The purchase of 25 The Parade will ensure we can do just that. It is perfect for our needs and, once the sympathetic renovations are complete, it will provide the ideal home for our members, guests and visiting yachtsmen and women.
“I would like to thank David and the GA team for their advice over the last two years and for ensuring that this next step in our history was a smooth one.”
ENDS
01/12/2020
Note to Editors
Photo: 25 The Parade Plymouth
GA Solicitors can trace its roots back more than 200 years and has been advising the people and business in the South West for its duration. Originally based in Devonport, the firm gets its initials from Thomas Husband Gill who joined the practice in 1875 and later went into partnership with Albert E. Akaster.
Now one of the region’s leading law firms, the 78-strong team at the Lexcel-accredited LLP, has offices in both Plymouth and Bath. It is ranked in The Legal 500, Chambers UK and Chambers High Net Worth and is structured around eight practice areas, each comprising its own specialist department: