Wed, 27 Mar 2013 | COMMERCIAL PROPERTY
The Government is reportedly considering a sale of the Old War Office building in Whitehall.
The Defence Secretary Philip Hammond has given his approval to the £100 million sale, meaning that it will go ahead when a suitable buyer is found.
Estates Gazette confirmed the news, which was revealed in a Parliamentary question from Lord Hennessy regarding the future plans for the building.
The Government Property Unit is thought to be set to take control of the negotiations relating to the sale, while an agent will be sought in the summer. It is thought that the sale could be part of a potential £500 million re-development of the surrounding buildings.
Lord Astor of Hever, Under-Secretary of State for the Ministry of Defence, commented on the decision to sell the building: "The MoD intends to vacate the Old War Office during financial year 2014-15 and Her Majesty's Government are currently examining options to sell the building. I will write to the noble Lord when an announcement is to be made."
This well-established hotel for sale in Hereford presents a unique opportunity with its prime location close to the cathedral, offering 83 en-suite bedrooms and versatile dining and event facilities.
FREEHOLD
Located on the Island of Burray, just off mainland Orkney, once only accessible by boat, but now linked by the iconic causeways - the Churchill Barriers. The hotel itself has an imposing position overlooking the beach and Burray Harbour, with stunnin...
FREEHOLD
An established car dealership in Berkshire, positioned on a prominent main road, is now available for purchase, offering a prime opportunity for investment in a lucrative market.
LEASEHOLD
Looking for more businesses? Try our off-market tool.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.