CREDIT: Lambert Smith Hampton

Fancy owning a fort? The Horse Sand Fort off the coast of the Isle of Wight is still up for grabs.

CREDIT: Lambert Smith Hampton

CREDIT: Lambert Smith Hampton

On Tuesday, the fort went up for auction for a guide price of £875,000, however it failed to sell and fell short of its reserve price.

The fort has stood 150 years and is one of four forts originally used as military defence to protect the city.

CREDIT: Lambert Smith Hampton

CREDIT: Lambert Smith Hampton

Oliver Childs from auctioneer Lambert Smith Hampton said:

“Since the marketing of the fort 3 weeks ago we have been inundated with interest from within the UK and overseas.  

“43 parties carried out further due diligence by downloading the legal pack and instruction their solicitors to advise them on a purchase.  Interest was from high net worth entrepreneurs from within the UK and abroad – in particular China.

“Despite the media attention the fort did not find a buyer although we remain in discussions with a handful of parties and we hope to agree a deal at around the guide price of £875,000 over the next couple of days”.

Jo Symes

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