_Knight Frank announces sale of unique property portfolio on behalf of Dreams entrepreneur Mike Clare
The three 19th century prime waterfront fortifications situated in the Solent and the 15th century tower near John O’Groats, Scotland, now present a rare investment opportunity to be sold to an incoming purchaser individually, or as part of a group.
At a guide price of £11m, the Solent Forts – No Man’s Fort, Spitbank Fort and Horse Sand Fort rise from the waters in the Solent between Portsmouth and the Isle of Wight.
The history of The Forts dates back over 150 years when it was feared that the French, led by Napoleon III would invade. It resulted in the commissioning of the forts as strategically positioned sea defences by the British Prime Minister, Lord Henry Palmerston. The Forts later housed soldiers in both the First and Second World Wars.
Thoroughly unique ‘island’ locations, ideal as two to three boutique hotels, luxury retreats or as private residences, or a combination. An investment of around £8m was made by the current owners and the enterprise has a turnover of approximately £4m (net of VAT).
The original Ackergill Tower is believed to date from 1475 and is steeped in fascinating history. It was significantly extended in the mid-19th century by the famous Scottish architect David Bryce, and extensively refurbished and renovated in the 21st century.
This historic Highland estate, at a guide price of £3.9m, set in 30 acres of its own grounds, currently operates as a hotel, is home to luxury accommodation, along with extensive function/ catering facilities. It is capable of operating as a hotel, private residence or an exclusive use, corporate and entertainment venue.
Henry Jackson, Partner at Knight Frank commented: “Both Solent Forts and Ackergill Tower, each one unique, will provide an incoming purchaser with the exciting opportunity and privilege to own property with such exceptional heritage and history.
There is considerable potential for an incoming purchaser to build on Mr Clare’s hard work and legacy. These businesses are yet to mature and there is significant scope for growth and development of these enterprises going forward.”
About the owner
Mike Clare founded Dreams in 1986 and joined the ranks of the UK’s wealthiest people when he sold the company for over £200 million to a UK-based private equity firm in 2008.
Since then, Mike has owned luxurious properties ranging from historic country manors to Scottish castles, a Benedictine Abbey, a chateau in Anglesey and three Victorian sea forts in the Solent.
For further information, please contact:
Olwen Morris-Jones, Commercial PR Manager, Knight Frank +442078611744
Olwen.morris-jones@knightfrank.com