One of Sheffield’s best known buildings is close to being sold after standing empty for 11 years, it is claimed.
Hallam Tower in Broomhill is set to be snapped up by a residential developer.
Tearle Phelan, of property agent Knight Frank, said: “We are speaking to a very interested party, it’s in legals and we are looking to exchange imminently.”
The building opened in 1965 as Sheffield’s first £1m hotel.
Once considered the height of opulence, it had restaurants and bars, a ballroom, heated swimming pool and three-and-a-half acres of gardens.
It closed its doors for the last time in 2004 and was put up for sale nine years later.
It is owned by the Hague family, of Hague Plant on Claywheels Lane, Wadsley Bridge.
The firm has demolished all of the other buildings on site and stripped it out up to the third floor. It has long been a haunt of ‘urban explorers’ and Sheffield University students.
Neighbour Sarah Cook, of Fulwood Road, said they had endured years of people tramping through their garden to get into the site, as well as noise from vandals smashing windows and even all night parties.
She added: “I can’t believe the tower can be renovated. A man from the council said the concrete had suffered years of water damage and the ceilings were all too low to meet today’s residential standards.
“We just want it demolished and replaced by an estate of nice houses.”
The building was close to being sold to a national house builder last year, but the deal fell through.
Hallam Tower was once the haunt of ‘A’ listers including Elton John and David Bowie. It was considered so luxurious that Ford filmed an advert there.
Built for Trust House Hotels, it opened on March 24, 1965.
The glamour didn’t last. Within 15 years newer city centre hotels were competing for custom.
In 1986 after various takeovers, the complex changed name to the Hallam Tower Post House Hotel before becoming the Forte Crest Sheffield and the Holiday Inn Sheffield West.