The sale includes a total of 1,050 acres of freehold land with potential long-term leisure and residential development angles. However, the principle value of the business comes from hosting motor racing events, track testing, corporate/retail entertainment days and motor sport activities.

The business is currently owned by The Interpublic Group of Companies Inc, a New York Stock Exchange quoted advertising and marketing communications group. Interpublic has instructed Jones Lang LaSalle's corporate finance team to sell the properties.

JLL European director Julie Green said: 'There are many high net worth individuals and companies associated with motor racing who will find this offer extremely attractive. We also believe that the business will appeal to a wider universe of UK and international investors. We have received over 70 enquiries in the pre-marketing period and we are expecting significant additional interest now that we have formally commenced the marketing process.'