A former star of BBC programme Dragons’ Den has written to the Stevenage MP revealing his intention to sell a derelict building.

James Caan has responded to a letter from MP Stephen McPartland raising concerns about the state of the former Fujitsu building in King’s Road, Stevenage.

Mr Caan founded investment company Hamilton Bradshaw which owns the site – occupied by travellers for a number of weeks until February 2.

Writing to Mr McPartland, he said: “The property has suffered quite a lot of misfortune in recent years; from a theft on an industrial scale to being occupied by travellers.

“The signs appear to be that the property market is recovering and there is renewed interest in the property.”

He said the majority of discussions with interested parties “have reached an advanced stage” and he is “hopeful a sale can be concluded quickly”.

Mr McPartland said: “I’ve had a number of constituents get in touch with concerns about the site. It is in a very poor state of repair. I’m not sure the building can be reused - it might have to be demolished and rebuilt.”

Stevenage Borough Council has given Hamilton Bradshaw 28 days to make the site safe, secure and clear of rubbish while the building remains unused, or court action may be taken.