Having been put up for sale last year, the unique property is still waiting for a new owner. Drake's Island, located 600m off the coast of Plymouth, stretches over six acres, and includes a 16th Century barracks, a pier and an underground network of tunnels. It also has planning permission for a luxury hotel and spa.
Aidan McCauley, the son of the island's owner, Dan McCauley, said: "My dad has long held a vision to see the island brought back into use. We are passionate about seeing his vision turned into a reality and are exploring all options to make this happen."
The island was named after Sir Francis Drake, who set sail from that spot in 1577 on an expedition which would see him circumnavigating the globe.
The fort played a crucial role in the defending the maritime city from French and Spanish invasions in the late 16th Century and has had many different uses, including as a prison, a religious centre, a refuge and, ultimately, an adventure training facility, which was shut in 1989. Unfortunately, the island has remained untouched since then.
Mr McCauley, the former chairman of Plymouth's football club, Argyle, purchased Drake's Island in the 1990s with a big dream in mind.
In spring 2017, Plymouth City Council granted planning permission to create a luxury hotel complex including the conversion of the existing buildings.
We believe it's quite obvious that Drake's Island is a remarkable piece of British history, and with the added advantage of planning permission for a luxury hotel and spa this could be a magnificent opportunity for the right investor. We hope that one day soon Drake's Island will host one of the South West's most exciting developments.