The broadcaster hopes to sell the site using proceeds from its mixed-use development to build new studios, either at the existing location or a new site.

It is costing the project at £15-£40m, depending on developers’ proposals.

The BBC will fit out the interior of the building including the studios and ancillary office areas including the provision of studio facilities on a new site.

Built in 1909, the building was acquired by the BBC in the early 1930s to meet public demand for broadcasting.

It is now home to the BBC Symphony Orchestra, the BBC Singers, the Radio 1 Live Lounge and “In Session” recordings. The BBC’s preference is to continue to use the site and is looking for the right organisation to help realise its ambitions.

The BBC is working with commercial property consultants Lambert Smith Hampton to seek innovative outline proposals for the 1.33 acre freehold site.

Further queries for the project should be directed to Lambert Smith Hampton: David Bianco and Peter Day – Lambert Smith Hampton United Kingdom House 180 Oxford Street London W1D 1NN – 020 7198 2290.