A private buyer has purchased the smallest of Solent’s three forts off the Isle of Wight.
Commercial property specialist Colliers has announced that Horse Sand Fort has been purchased for £ 715,000 by a private buyer who is planning to develop the former maritime defense “for recreational purposes”.
No Man’s Land Fort and Spitbank Fort are still up for auction.
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It was revealed in 2019 that the owner of the three forts, contractor Mike Clare, would sell the old sea defenses.
The forts were commissioned by British Prime Minister Lord Palmerstone over 150 years ago to protect the county from a French invasion. Nowadays, they are only accessible by helicopter or boat.
Mr. Clare has now set a deadline for offers for No Man’s Fort. La Defense measures 99,000 square feet and is currently being developed as a 23-bedroom luxury island retreat.
It was renovated in 2015 and includes a spa, restaurants, helipad and event space.
The fort has also recently been fitted with its own pub. Originally marketed at £ 4.25million, No Man’s Fort has lowered its price to encourage potential buyers to come forward sooner.
Paul Barrasford, of Colliers’ Hotel Agency, said: “Following our recent sale of Horse Sand Fort, Mr Clare is keen to move forward on No Man’s Fort and has reduced the asking price to £ 3.6million and set a date limit for tenders to be presented.
“There aren’t many people who can say they own a fort, this site could be an incredible addition to a real estate portfolio, whether used as a hotel as it is now, a residence of vacation or converted to another use.
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“For a creative investor, it could be many uses such as a data center, a specialized sports training venue, a filming location or even the headquarters of a fast growing start-up. Its remote location offers ultimate privacy and security.
The third Spitbank Fort is available for purchase under separate negotiation.
Offers for No Man’s Fort must be made before the deadline of Friday, November 26.
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