A former aerospace engineering works site in North Somerset has been bought with plans being drawn up to deliver much needed housing.
Property agents JLL brokered the sale of the 14.22-acre site on Bishops Road in Claverham to Newland Homes. Newland has bought the site on an unconditional basis and are seeking planning permission for a housing scheme.
The site was sold on the open market and received significant interest. The site includes 98,100 sq ft of existing buildings.
James Petherick, Director in Residential Development at JLL in Bristol, said, “This is an excellent redevelopment opportunity that will provide homes on a sustainable brownfield site, easing the pressure on North Somerset’s existing housing provision.
“There was significant interest in the site from the development market. Opportunities such as this one are highly sought after; indeed, many of the parties who were interested in this site are still on the hunt for similar opportunities.”