The fort, which sits prominently in the Solent, was sold at auction back in June of this year for a mere £1.25m despite initially being put on the market for £4.25m a couple of years prior. The new owner, Edward Ward, from London, has said that the purchase of the fort, which was formally a hotel, was an ‘impulse buy’ which is ‘a bit of a risk’ as he has no previous experience in property or hospitality.
The iconic venue, which was built in the 1860s as part of a network of defences, spans across 99,000-square-foot and it is only accessible by boat or helicopter. Equipped with 23 en-suite bedrooms, five bars, a restaurant, a spa, hot tubs, and a sauna—all with expansive views of the sea – this venue has a lot of potential.
Ed Jefferson, from Colliers Hotels team, said: "This isn't just a quirky building; it’s a rare opportunity to make a mark in a truly unique location.
“The remote location provides either great privacy or exclusivity for potential guests and clients.
“It could be a great location for multiple hospitality and leisure operators together, or one tenant could take the whole site, we’re open to proposals.”