This expansive 16-bedroom property in the heart of Plymouth city centre presents a significant investment potential for those looking to venture into the hospitality or residential market. With a generous footprint of 6600 sq ft, the building features 16 en-suite rooms alongside communal spaces like a licensed bar, residents' lounge, dining area, and a commercial kitchen complete with a pantry and laundry facilities. While the current owners have undertaken sympathetic restorations that blend original architectural features with bespoke design elements, there remains ample opportunity for further enhancements tailored to modern tastes or operational needs. The grand entrance showcases impressive ceilings and an ornate staircase that guides you through the various levels of accommodation. The roof terrace adds considerable charm, offering a private outdoor area with city views, perfect for relaxation or hosting guests.
Situated within a conservation area, this property benefits from its prime location near Plymouth's vibrant amenities, ensuring easy access to shops, restaurants, and cultural attractions. It boasts mains gas central heating and electricity with pressurised water systems in place for comfort. Potential purchasers should consider additional renovations that could involve updates to aspects such as plumbing or electrical systems—particularly given the mention of possible asbestos in roof slates—thus enhancing both compliance and safety standards while maximizing rental income possibilities.
