11 contemporary, affordable Rent-to-Buy flats with associated parking, underway with local contractors, Classic Builders.
The new flats are being brought forward through a pioneering partnership between QSH, private finance house Harcourt Capital, Plymouth City Council and South Devon Rural Housing Association, who will manage the new development.
Steve Prime, Chief Executive of South Devon Rural Housing Association, said: “We are delighted to be involved in this innovative project which delivers on many levels. It brings in new money to support local housing markets and provides an opportunity for tenants to purchase their home at a discount. In addition the iconic Ship building will be recycled to provide much needed homes for years to come.”