Advertisement
Advertisement

Mystery buyer snaps up Isle of Wight castle for over £4.5m to create luxury hotel

Saturday, February 6, 2016 - 8:53

NORRIS Castle, which went on the market in August with a guide price of just £1 million, has sold for £4.7 million.
The East Cowes castle will be renovated and opened as a luxury hotel, although details of those behind the scheme have yet to be revealed.
It will cost millions of pounds on top of the purchase price to bring the property up to modern standards but once work has been completed, the castle could be worth in excess of £10 million.
Built in 1799 and looking out over The Solent, it sits in 225 acres of grounds with a mile of waterfront.
The estate also includes the two-bedroom Lodge Cottage, three-bedroom Norris Cottage and four-bedroom Norris Farmhouse. The main castle has 15 bedrooms, a grand hall, a circular drawing room and extensive cellars.
It had been put on the market for the first time in 60 years and attracted a great deal of interest, with around 20 parties bidding and estate agents giving 122 viewings.
The bidding war ended with an undisclosed buyer paying £3.7million above the guide price.
Norris Castle attracted the attention of Queen Victoria 150 years ago, when she tried to buy the property after spending time there as a child.
However, she baulked at the price quoted and instead, had nearby Osborne House built.

Reporter: [email protected]

 


Advertisement
ISLE OF WIGHT TRAVEL
Travel filler
ISLE OF WIGHT WEATHER

Now8℃

12:00

9℃

15:00

9℃

18:00

7℃

21:00

6℃

ISLE OF WIGHT TRAVEL
Travel filler
ISLE OF WIGHT WEATHER

Now8℃

12:00

9℃

15:00

9℃

18:00

7℃

21:00

6℃

ISLE OF WIGHT TRAVEL
Travel filler