New homes and shops to replace Keynsham's former fire station
Published on: 29 Jul 2017
Shops and new homes will replace Keynsham’s former fire station, after it sold for more than double its guide price.
Chewton Place Developments made the winning bid for the Temple Street site, purchasing it for £750,000 following “unprecedented levels of interest”, according to agent Alder King.
Keynsham Town Council was among the unsuccessful bidders, having hoped to turn the site into a community centre following calls from residents, whose suggestions included a space for events and markets, meeting rooms and a heritage centre or museum.
Chewton Place Developments plans to create a mixed-use scheme, with retail units at ground level and residential properties above.
Potential buyers were invited to make bids for the former fire station site in excess of £325,000.
Emma Smith, associate at Alder King, said: “This town centre site has enormous potential, a fact widely recognised by the many and varied parties who expressed interest and then went on to submit bids in the hope of acquiring it. It is also worth noting that the majority of bids were unconditional.
“As a direct consequence of the competitive interest, we were able to secure a price for Avon Fire & Rescue 130 per cent above the guide price. This is as clear a sign as ever of the strength of Bristol’s development and occupational markets and the shortage of freehold stock in the market.”
Keynsham Fire Station has been closed since November 2015, with the crews now based at Hicks Gate.