Dreams entrepreneur to sell historic properties

By James Buckley - Tuesday, May 08, 2018 11:01

Dreams entrepreneur Mike Clare has instructed Knight Frank to launch the Solent Forts and Ackergill Tower properties to the market, for £14.9m.

The three 19th century prime waterfront fortifications situated in the Solent and the 15th century tower near John O’Groats, Scotland, will 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.

An investment of around £8m was made by the current owner 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.

Thehistoric 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.

jbuckley@costar.co.uk

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