Royal Plymouth Corinthian Yacht Clubhouse for sale

2019-01-17T13:22:01+00:00 January 17th, 2019|Classic Coast, Go-To News|0 Comments

With stunning views over Plymouth Sound the Royal Plymouth Corinthian YC’s clubhouse has to be one of the most distinct addresses in the city. The building dates back to 1688, a hundred years after the Armada, and it was built as part of the fortified royal citadel. It became the club’s home in 1896 and has hosted a programme of racing and social events ever since then.

But now directors and flag officers have put the clubhouse on the market and are hoping for a sale before the season starts. They want a new investor to expand the club’s existing hospitality business, using its public restaurant The View and its popular reputation for wedding parties for instance, but while they hope to be able to carry on using a race office on the site to continue using their historic start line for dinghy and yacht racing, this is clearly not a condition of the sale. “It is probable that the activities of the Yacht Club itself will have to move from Madeira Road,” they say.

With access to the water, its own dinghy park, a 15.5m x 7m ballroom named after Francis Drake, terrace and other large reception rooms like its 6.5m x 4.5m Armada room, the stone building is one of the few remaining freeholds on the waterfront and it is believed this is the first time it has been on the market.

Current turnover is around £400,000 according to the spiel, and offers in the region of £750,000 are being sought.

It is marketd by JLL: Jones Lang Lasalle, of Exeter

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