A prominent site formerly occupied by the precision engineering company Frazer-Nash at Midhurst has been sold for redevelopment.
Plans for the Bepton Road site are focusing on a mixed scheme possibly comprising residential, offices and retail premises.
Southampton commercial property consultants Lambert Smith Hampton have confirmed they have acquired the vacated building and yard, at the entrance to Budgens supermarket, for a property investment and development company and are in consultation with Chichester District Council over acceptable schemes.
A spokesman told the Observer: “The local authority would support redevelopment of the site. It will not be industrial.
“The local authority does not want that type of use there, saying there are other locations that are better suited to industrial or engineering businesses.
“It is a case of finding a mix of uses which will retain employment, provide a nice-looking building and jump all the other hurdles.
“It is not going to be purely housing.”
He added: “Nothing is happening immediately. We are working towards a planning application.
“My best guess is that an application could be submitted within the next three to four months. Initially we have to get the building right.”
The proposal which could ultimately be presented to planners is expected to favour a shops frontage onto Bepton Road and a well-designed two-storey building more compatible with the Midhurst conservation area than the utilitarian factory building which exists now.
Frazer-Nash left Midhurst last year for an industrial park at Petersfield where it could bring all its operations under one roof, instead of having satellite premises in addition to its Midhurst headquarters.