Excess of £3,500,000 Fox Studios 8-9 Whimple Street, Plymouth New Freehold Hotel Share Save Key features 41 studio apartments Prominent Plymouth city centre location Well positioned for local amenities and attractions Excellent condition, receiving refurbishment on a rolling basis Two car parking spaces Available by separate negotiation: Two retail units Currently operated as a hotel Opportunity to acquire 41 studio apartments benefitting from a prime Plymouth City Centre location, generating profitable returns About this property The building was originally constructed as offices. In 2014 it was converted to C3 residential. The property was used as student accommodation until 2019, and is currently being successfully operated as a hotel. The property is arranged across the basement, ground and three upper floors. There is an internal lift and staircase which provides access to each floor. The building is in excellent condition and is refurbished on a rolling basis. The building benefits from many of its original features, including large sash windows (which have recently been double glazed) and high ceilings. At basement level is a communal laundry room, linen store, office with WC and staff room. To the front of the building on the ground floor and accessed separately are two retail units. Unit 1 has three years left, unit 2 is due to be renewed. This is available by negotiation. ACCOMMODATION Accommodation is provided across 41 studio apartments. Each apartment comprises an en suite bathroom and fully equipped kitchen. The breakdown of the room categories is as follows: Double - 22 Single - 5 Family twin - 7 King - 5 Double deluxe - 2 Total - 41 Local information Fox House Studios benefits from a prime city centre location with excellent connectivity. The A38 Devon Expressway is 2.7 miles north of the property and connects to the M5 motorway at Exeter. Plymouth train station is 0.7 miles from the property and benefits from a direct line to London Paddington (journey time approximately 3 hours 15 minutes). The Plymouth Ferry Terminal is 1.2 miles from the property and connects Plymouth with Spain and France. Exeter International Airport is 46 miles to the north of Fox House Studios, and offers domestic and continental flight routes. Additional information Plymouth is the largest city in Devon with a population of over 266,000. The city 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 19,000 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 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 million tourists visit the city annually (2021), and has the goal to grow that number by 1.2m by 2030, and visitor spending to £450m. This is anticipated to generate 5,000 new jobs. Contact an agent James Greenslade Exeter Contact now Miranda Ashcroft Exeter Contact now Request details Download PDF brochure