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IT company eyes nuclear bunker

6:18am Sunday 11th May 2008

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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But shortly before the auction date in February the property was withdrawn from sale.

A company spokesman said: "The bunker was put up for sale at auction and then withdrawn when one of Southern Water's external contractors, which provides IT support to the company, approached Southern Water with an interest in purchasing the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."


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sailor sam, portsmouth says...
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!

Anon, Southampton says...
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.

High Sea Elle, says...
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.

paul b, says...
5:16pm Sun 11 May 08

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

Insider, says...
7:22pm Sun 11 May 08

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.

paul b, says...
9:37am Mon 12 May 08

Sorry for being such an insufferable, tiresome little prick, 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

Andy, Locks Heath says...
9:42am Mon 12 May 08

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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