Former F1 base up for sale

Caterham Formula One team’s former base in Leafield has been put up for sale, following the outfit going into administration towards the end of last year.

The Leafield Technical Centre has an asking price of £5.5million and was home to the team since it moved there from Norfolk in January 2012.

Caterham went into administration back in October as it struggled with financial difficulties after previous owner Tony Fernandes sold the team earlier in the year.

Efforts by administrators to sell the team proved fruitless, although they were able to take part in the last race of the 2014 F1 season following a crowdfunding campaign.

The 28-acre site includes 150,000 square foot of buildings, and is being sold by BNP Paribas Real Estate and Carter Jonas.

Jonjo Lyles of BNP Paribas said: “With its mixture of property types, the site lends itself to a number of different uses.

“It will be of interest to a variety of potential occupiers.”

The site has a rich Formula One history, having previously been the home of the now defunct teams Super Aguri and Arrows, and prior to that as a radio transmission station.