IT company eyes nuclear bunker
THE former nuclear bunker
under a Hampshire hillside is
being sold.
Its owner, Southern Water,
had put the bunker, off
Hazeley Road, Twyford, near
Winchester, up for auction.
It had a guide price of
£300,000 for the freehold.
The property, which has 2ftthick
concrete walls and 6in
steel doors. To get inside, you
have to pass through two steel
doors set into the hillside.
But shortly before the auction
date in February the
property was withdrawn from
sale.
A company spokesman said:
"The bunker was put up for
sale at auction and then withdrawn
when one of Southern
Water's external contractors,
which provides IT support to
the company, approached
Southern Water with an interest
in purchasing the bunker.
"There has been no completion
at this time. I understand
the contractors are looking at
the suitability of the building
for the purposes they are considering
using it for."
6:18am Sunday 11th May 2008
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CommentPosted by: sailor sam, portsmouth on 8:43am Sun 11 May 08
I thought that when such properties were sold, the best price had to be sought.
How do we know that the IT firm would have made the highest bid?
Surely the site should be auctioned, with the interested firm putting in their bid, and if there are no higher bids at the auction, they get the site, if not, it goes to the highest bidder!
I thought that when such properties were sold, the best price had to be sought.
How do we know that the IT firm would have made the highest bid?
Surely the site should be auctioned, with the interested firm putting in their bid, and if there are no higher bids at the auction, they get the site, if not, it goes to the highest bidder!
Posted by: Anon, Southampton on 10:58am Sun 11 May 08
Southern Water is a private company - it can sell at any price it feels like. It's not under any obligation to get the highest bid. If this sale goes through, it will have realised the asset value at a price it feels it can justify to shareholders in a declining market.
IMHO, the company is doing the best thing.
Southern Water is a private company - it can sell at any price it feels like. It's not under any obligation to get the highest bid. If this sale goes through, it will have realised the asset value at a price it feels it can justify to shareholders in a declining market.
IMHO, the company is doing the best thing.
Posted by: High Sea Elle on 5:04pm Sun 11 May 08
300k seems very cheap compared to building a new facility, but I guess this is rather old and expensive to maintain. A bit like legacy IT equipment from a former great British computer company.
300k seems very cheap compared to building a new facility, but I guess this is rather old and expensive to maintain. A bit like legacy IT equipment from a former great British computer company.
Posted by: paul b on 5:16pm Sun 11 May 08
[quote][bold]High Sea Elle[/bold] wrote:
300k seems very cheap compared to building a new facility, but I guess this is rather old and expensive to maintain. A bit like legacy IT equipment from a former great British computer company.[/quote] yawn
High Sea Elle wrote:
300k seems very cheap compared to building a new facility, but I guess this is rather old and expensive to maintain. A bit like legacy IT equipment from a former great British computer company.
yawn
Posted by: Insider on 7:22pm Sun 11 May 08
[quote][bold]paul b[/bold] wrote:
[quote][bold]High Sea Elle[/bold] wrote:
300k seems very cheap compared to building a new facility, but I guess this is rather old and expensive to maintain. A bit like legacy IT equipment from a former great British computer company.[/quote] yawn[/quote] The references probably went over your head - go back to sleep PB.
paul b wrote:
High Sea Elle wrote:
300k seems very cheap compared to building a new facility, but I guess this is rather old and expensive to maintain. A bit like legacy IT equipment from a former great British computer company.
yawn
The references probably went over your head - go back to sleep PB.
Posted by: paul b on 9:37am Mon 12 May 08
Sorry for being such an insufferable, tiresome little pri[bold][/bold]ck, everyone. It's just that I've got the most mundane life you could imagine, and have to fill the gaping void by whingeing on the Internet about issues I barely understand
Sorry for being such an insufferable, tiresome little pri
ck, everyone. It's just that I've got the most mundane life you could imagine, and have to fill the gaping void by whingeing on the Internet about issues I barely understand
Posted by: Andy, Locks Heath on 9:42am Mon 12 May 08
[quote][bold]High Sea Elle[/bold] wrote:
300k seems very cheap compared to building a new facility, but I guess this is rather old and expensive to maintain. A bit like legacy IT equipment from a former great British computer company.[/quote] Is there still any of that stuff out there and in use?
High Sea Elle wrote:
300k seems very cheap compared to building a new facility, but I guess this is rather old and expensive to maintain. A bit like legacy IT equipment from a former great British computer company.
Is there still any of that stuff out there and in use?
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