The council is set to sell one of its three properties at Waterside Park in an attempt to raise more than £1 million.

“Unit A” was built in 1986 as a data centre and the council obtained control of the estate in 2016 having paid £4.3m for it.

However a report produced for the council read: “In discussion with local agents Haslams, three options have been developed in order to maximise the future potential of the site.

“To refurbish the unit for rent to a single occupier…to demolish and redevelop as eight separate units for letting… (or) to dispose of the site.

“Options 1 and 2 are considered to be high risk and have been discounted.”

Estimates showed the council would have to pay out up to £1.73m to refurbish the site or up to £6.17m to demolish and redevelop the estate.

Unit A (pictured) takes up just over half of the estate and has been empty since the last tenants moved out in February.

The report claims that the site needs “significant refurbishment including a new roof” after the previous tenants allegedly dilapidated the building.

The council is now pursuing a claim against the former occupiers of the site but a consultant warned they may be unable to pay back any costs because “the tenant is in financial difficulty.”

However the report stated: “Providing the unit is sold for the purpose of refurbishment the claim can still be pursued on the basis that the council would have received a higher receipt if the dilapidation works had been carried out.”

Haslams advised the council that a refurbished site could be worth up to £2m but due to the refurbishment costs the council is set to the sale of the unit to the highest bidder for a fee of £1.059 million.

The bidder is from the “construction industry” and plans to “repair the building and use it for their own occupation.”

The decision is set to be made at a meeting of Bracknell Forest Council’s executive on Tuesday, October 16.