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Economic Development

New owner reveals £22m plan to turn island into luxury hotel site

Businessman behind ambitious scheme for  Drake's Island, in Plymouth Sound, says he has the expertise and access to cash

Morgan Phillips reveals his plan for Drake's Island

Turning Plymouth’s landmark Drake’s Island into a high-class hotel destination would cost up to £22million – but its new owner is confident it can be done.

Morgan Phillips, managing director of Plymouth Sound Properties Ltd, which has just bought the island, wants to start work as soon as possible on turning it into a tourist trap.

Although the newly formed Plymouth Sound Properties vehicle has only just acquired the six-acre island, a few hundred yards off-shore in Plymouth Sound, it already has planning permission for a hotel development.

There is consent for already existing buildings, including a Grade-II listed Barracks and Ablutions block, to become a “high-quality” 43 bedroom hotel and for the Casemates, listed as an Ancient Monument, to be turned into luxury suites.

Morgan Phillips, new owner of Drake's Island, which can be seen behind him, off Plymouth(Image: Penny Cross / Plymouth Live)

This planning approval was secured by former owner Dan McCauley and his Rotolok engineering firm.

Mr Phillips said the overall redevelopment of Drake’s Island would cost between £17million and £22million, including the undisclosed purchase price for the plot. It was sold with a guide price of £6million.

The businessman, whose Guardian Industrial º£½ÇÊÓÆµ (GIº£½ÇÊÓÆµ) company procures and ships engineering gear to nations such as Georgia and Kazakhstan and is involved in major construction schemes in the South West, said he planned to “repair and preserve” the buildings already on the island though said there could be some limited new building, such as the permitted scenic lift which will bring visitors from the landing jetty to the Governor’s House.

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“There could be a lift shaft to make access to the island safe,” he said and explained he is already in talks with Natural England and Historic England.