The BBC has instructed agents to sell its historic Caversham Park campus, a Reading landmark that includes a 115,000 sq ft Grade II listed building and a residential development opportunity.
Lambert Smith Hampton has been hired to offload the 93-acre estate, which the BBC owns on a freehold basis and which has been home of BBC Monitoring since 1943, as well as currently hosting BBC Radio Berkshire. It is being sold with vacant possession.
The manor house and its ground are in the affluent Caversham suburb of Reading, 2 miles from the station.
LSH has identified several areas as having potential for new development, largely around the northern perimeter of the property, with up to 150 units estimated as being deliverable.
There is also potential to convert the main building back into a single dwelling or for division into a number of individual apartments.
Philip Hunter, director at Lambert Smith Hampton, said: “This is an incredibly unique opportunity to purchase a prime site of such scale and location.
“It is 93 acres in the most affluent part of Reading. It is suitable for a wide variety of uses – subject to planning consent – such as residential, retirement, assisted care, hotel, leisure, education or healthcare.”
Caversham Park was sold to the BBC in 1941.
A large proportion of the park was sold off in the 1960s for housing development, when it became Caversham Park Village, with extensive refurbishments being undertaken during the 1980s and 2007.
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