The island in Plymouth Sound
from which Sir Francis Drake set sail to circumnavigate the globe in 1577 has
been sold to the boss of a local specialist construction company, a local press
The 2.6 ha Drake’s Island has been on the market since late 2018 with an
asking price of £6m, although the eventual selling price has not been
disclosed. The island has been bought by Morgan Phillips of Guardian Industrial
UK (GIUK). It currently has planning permission for use as a hotel and spa,
although Phillips has reportedly said that he wants to preserve the island’s
heritage and open it to the public.
There have been a number
of plans to use and develop Drake’s Island
over the years which have come to nothing at the end of the day. However, the
island is in many ways one of the most iconic locations in British history and
of as much or more significance than, say, the Tower
of London or Buckingham Palace.
It is a truly unique piece of real estate which, if developed sensitively and
imaginatively, could have a great deal of potential.
What is DealMakerz Prime?
In depth stories
Want to know the story behind Britain's latest property mogul? Why a company is going bust? Our coverage goes beyond run-of-the-mill news on key real estate issues.
High powered community
Our subscribers are made up of the most influential Founders and CEO's in UK property. Gain a competitive edge and get informed - read what they read.
Exclusive guest articles
Understand exactly what the most senior figures in UK property are thinking. Exclusive opinion articles from powerful real estate influencers that move markets.