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Norris Castle Estate & Springhill Estate, East Cowes

Guide Price
£4,500,000

£0.38 per sq ft

Business rates & charges may apply

Savills, Southampton Development
SIZE AVAILABLE

11,761,200 sq ft

1,092,652 sq m

SECTOR

Land for sale

Key features

  • Opportunity to buy Norris Castle Estate
  • Sale of the castle is in isolation or together with Springhill Estate
  • A collection of Grade I and Grade II listed properties across two estates
  • Collective area extends to approximately 270 acres (109 Ha)
  • Norris Castle Estate is circa 225 acres (91 Ha)
  • Springhill Estate is circa 45 acres (18 Ha)
  • Located circa 1 miles (1.6 km) east of East Cowes Ferry Terminal
  • Freehold disposal
  • Opportunity for significant asset management and development
  • Guide Price for Norris Castle Estate in isolation: £3m and for the whole £4.5m

Description

The opportunity is to purchase the Norris Castle Estate in isolation, or together with Springhill Estate. Springhill Estate is not available in isolation.

Both estates offer views over the Solent, although partially obscured by mature woodland.

Norris Castle Estate extends circa 225 acres (91 Ha), within which is the Isle of Wight’s only Grade I listed landscape. The castle itself was designed and built during 1790's by James Wyatt, who had previously worked on repair and restoration work of Windsor Castle and the Houses of Parliament. The castle is built with a combination of Norman and Georgian features, including locally mined stone.

Springhill Estate was established by William Goodrich in the late 18th Century. It extends approximately 43 acres (18 Ha).

The Property is located in East Cowes, on the northern tip of the Isle of Wight. The Isle of Wight has a population of circa 142,000 people (2023) with an employment rate of 72.6%.

The Property is bordered by the Solent to the north, Osborne Golf Club to the east, residential dwellings to the south and Waverley Park Holiday Centre to the west.

The Property is located circa 1 mile (1.6 km) east of the East Cowes Ferry Terminal which offers regular services to Southampton with an average journey time of 1 hour. There are approximately 108 crossing from Southampton to Cowes per week.

The Southampton Ferry Terminal is circa 1 mile (1.6 km) south of Southampton Central Train Station. This station provides regular, direct trains to London Waterloo, Brighton and Bristol with average journey times 79 minutes, 106 minutes and 99 minutes respectively.

Brochures

Norris Castle Estate & Springhill Estate, East Cowes

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Ryde Pier Head Station5.1 miles

About Savills, Southampton Development

Mountbatten House, 1 Grosvenor Square, Southampton SO15 2BZ

Savills South Coast Development team offers advice to a range of clients across Dorset, Hampshire, Sussex, Somerset and Wiltshire.

Our core activity involves the assessment, valuation, disposal and acquisition of residential, commercial and mixed use development land, working for a variety of clients to develop and implement strategies to manage and maximise the value of their assets.

Our full range of services includes the following: -

Sales

Acquisitions

Valuations

Strategic land promotion

Land assembly

Option, promotion and hybrid agreements

Landowner collaboration agreements

Joint venture arrangements

Viability appraisals

Funding

Affordable housing

Ransom and overage advice

Recoveries and Receivership

Education

Notes

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