An unnamed local entrepreneur has paid £610,000 for a 1.77-acre site within the Bristol's new Temple Quarter Enterprise Zone.
The Silverthorne Lane, St Philips, site is close to the Feeder Canal and includes 10,000 sq ft of offices and warehouse buildings occupied by scaffolding specialists Deborah Services.
Commercial property specialists Colliers International handled the sale of the site which could benefit from plans to regenerate the area for a creative and technology hub.
Colliers investment director Richard Coombs said: “The marketing generated a significant amount of interest from local buyers and we are delighted to have completed the sale at asking terms.”
The St Philips area is one of Bristol’s best established industrial, trade counter and car dealership locations with occupiers including Brandon Tool Hire, BOC, Plumb Center, Speedy Hire, Mitsubishi and Kia Motors, U-Drive and Clarks Wood Company.
Colliers development specialist Nick More added: “There is plenty of scope for future development at the Silverthorne Lane site given the fact there is presently very low site coverage."
The anonymous purchaser was represented by DTZ.
