Historic Island For Sale – Business AM

Drake Island is located just 600 metres off the coast of Plymouth in Devon and is a six-acre island. Protect To be transformed into a luxury retreat with private beach access, fortifications and planning permission for a luxury hotel.

With over 2,000 years of history, the island boasts a wealth of military artifacts, including 18th-century cannons that are still in place. The current owner, local businessman Morgan Phillips, has worked tirelessly to secure permission to build a 43-bed hotel, and even offers tours to interested groups.

According to Morgan Phillips, Drake Island is home to 15 ghosts – all of whom are ex-military personnel. While some may find this disturbing, Mr. Phillips insists that these benevolent spirits are only protecting the island and its new owners.

Renewal costs

Proposals include converting outbuildings into bedrooms, and creating an exclusive wedding venue where guests can stay overnight. The option of a restaurant or café would enhance the island’s appeal as a unique destination.

With an estimated refurbishment cost of around £25 million, this exclusive opportunity requires a serious investor with vision and budget.

Main Takeaways

– Historic island with a license to build a luxury hotel
– A unique opportunity to own a piece of history.
Estimated cost of renovation: £25 million