Boutique Plymouth Hotel, 11-12 Osborne Place, Lockyer Street, Plymouth | Property for sale | Savills
Guide price £1,500,000(95,287,700 EGP)

Boutique Plymouth Hotel11-12 Osborne Place, Lockyer Street, Plymouth

  • Reduced
  • Freehold
Hotel
23Bedrooms

Key features

  • 23 en suite bedrooms
  • AA 4-star rated
  • Bowline Restaurant, Bar and Lounge
  • Large self contained function suite
  • Prominent position overlooking Plymouth Hoe Park
  • Ample on road parking and off road parking for 10 cars to the rear of the Hotel
  • Freehold
  • The Hotel is being advertised for auction with Savills on 19th November 2024.
  • The property has benefited from significant recent refurbishment

Grade II Listed, 4-star boutique hotel in a fantastic location on Plymouth Hoe

About this property

  • The Grade II Listed Hotel offers 23 en suite bedrooms, Bowline Restaurant, Bar and self contained function room with separate external access.
    The property has benefited from significant recent refurbishment. The sale of the Invicta Hotel presents an exciting opportunity for an incoming purchaser to refurbish the remaining bedrooms to a similar standard to provide a boutique luxury accommodation offering in a fantastic position.
    The Bowline Restaurant, Bar and Lounge are located on the ground floor of the Hotel, adjacent to the Hotel Reception. Externally, to the front of the Hotel is a terrace, providing al fresco dining. The restaurant has a capacity for 32, the Bar has a capacity for 25.
    On the lower ground floor is a self contained function room with separate external access, its own bar and cloakrooms. The space has a capacity for functions of around 65 and is an excellent facility which can be operated with no impact on the operation of the hotel due to its facilities.

    The Hotel is being advertised for auction with Savills on 19th November 2024. At auction, the Property will be auctioned with vacant possession, with contents removed. There is an opportunity to purchase the Hotel and contents prior to the auction date (19th November 2024) at a guide price of £1.5 million. Please enquire if you have any questions.

Local information

  • Connectivity: The Hotel is situated adjacent to Plymouth Hoe Park, which is ideally located to explore the Sea Front, Barbican, Plymouth Pavilions and the City Centre which is located around 0.4 miles from the Property. The Hotel has excellent access to public transport with Plymouth train station around 1.2 miles away with journey times to London around 3 hours; Plymouth bus station is approximately 1 mile away. Plymouth ferry terminal is around 0.7 miles away from the Hotel and offers services to France and Spain. The A38 dual carriageway joins the M5 at Exeter and the International Airport at Exeter is just under 50 miles away.

Additional information

  • Plymouth is the largest city in Devon with a population of over 250,000 and is a unitary authority. The city of Plymouth has traditionally had a maritime economy including the largest Naval Dockyard in the UK at Devonport, which attracts significant marine and maritime business. In addition, Plymouth is the preferred location for many regional and national firms’ offices, as well as Plymouth University, which has a population of around 20,000 students.
  • As well as being a significant commercial centre, Plymouth is a popular tourist destination due in part to its geographical location. Steeped in history, the City is the home of Sir Francis Drake (a former Mayor of Plymouth) and the departure point of the historic Mayflower. In addition, it is well located to explore local attractions such as Drakes Island, the nearby South Hams and Dartmoor.
  • Visit Plymouth recorded that over 5.4 million tourists visit the city annually (2018), and has the goal to grow that number by 15% by 2030, and visitor spending by 30%. This is anticipated to generate 1,000 new jobs and bring the employment in tourism to 9,000 jobs. In 2021, Plymouth was the only market in the UK to have a RevPAR above 2019 levels based on STR’s data.