A dilapidated industrial site in Fishponds has been sold to a London-based developer which is planning to turn it into homes and workspace similar to Bristol's Paintworks.
The six-acre brownfield site, located between Filwood Road and Forest Road, is currently a mixture of occupied and redundant industrial buildings.
But many parts of the site have fallen into disrepair and are in need of remediation and redevelopment.
The main building is Filwood House - a 150,000 sq ft part single-storey, part three-storey commercial building dating from the early 1960s.
The property was previously part of the former DRG factory complex but is now used by a number of small businesses on short-term leases.
Developer Frontdoor Properties bought the site from New Station Developments and was advised on the sale by property agent Alder King.
The new owners have instructed Alder King’s planning team to prepare and submit a planning application for a "sensitive" mixed-use redevelopment of the site, which aims to preserve the same - if not greater - levels of employment.
Chris Haworth, partner at Alder King, said: “These old industrial buildings are reaching the end of their economic life.
"The new owner hopes to regenerate the site to create a vibrant mixed use scheme, similar to the Paintworks development on the Bath Road in Bristol.
“The intention is to retain and enhance employment provision on the site while also creating new housing, primarily though effective master planning and design efficiency.
"The proposed new scheme would also deliver significant environmental enhancements, not just to the site but the wider area.”
