Former Caterham F1 headquarters in Oxfordshire to be sold

Former Carerham F1 headquarters Image copyright BNP Paribas Real Estate
Image caption Bids in excess of £5.5m are being sought for the site which "lends itself to a number of different uses"

The former Oxfordshire headquarters of the collapsed Caterham Formula 1 team is to be sold.

The team, based at Leafield, went into administration with the loss of 200 jobs last October following financial problems.

Their former 28-acre site includes 150,000 sq ft (13,900 sq m) of buildings, offices and a racing car testing facility.

Bids in excess of £5.5m are being sought for the site.

Image copyright Getty Images
Image caption Caterham failed to win a single point during their time in Formula 1

Agent Jonjo Lyles, of BNP Paribas Real Estate, said he was confident the facility, which "lends itself to a number of different uses", would be of interest to many people.

Caterham Sports Limited built cars for the Caterham Formula 1 team which was operated by 1 Malaysia Racing Team (1MRT).

Last October administrator Finbarr O'Connell said up to £20m was owed to external suppliers.

Weeks before the company was put into administration, bailiffs visited the Leafield site and seized items, including a 2013 F1 test car.

About the Caterham F1 team

  • Entered the sport in 2010 as Lotus Racing owned by Air Asia boss, Tony Fernandes
  • Changed to Caterham in 2012 after Lotus name was taken up by Renault team for 2012
  • They failed to score a point in F1
  • Notable drivers: Kamui Kobayashi, Heikki Kovalainen, Vitaly Petrov, Jarno Trulli
  • Moved to Leafield, Oxfordshire, in 2012 from base in Norfolk

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