The Bicester Sport Association (BSA) site on Oxford Road has been sold.
U+I Group PLC (U+I) has signed an agreement to buy the site, freeing the BSA to upgrade its sporting facilities at its Chesterton Grounds.
U+I is a property regeneration company that has experience in building town centre and mixed-use schemes.
Although firm plans are yet to be drawn up for the site, the company hopes to bring forward proposals for a mixed use development, led by retail.
Richard Upton, Deputy CEO of U+I, said: “We are delighted to be working with BSA on this exciting opportunity for Bicester. The proposals will create a new retail destination which will appeal to local residents and complement the existing retail offer in the town, whilst delivering new, first class sporting facilities for the BSA.
“We are currently evolving the plans and look forward to consulting the public in the New Year.”
Public consultation with the local community will be undertaken once more detailed plans for both sites have been drawn up.
The BSA operates two sites at Oxford Road and Akeman Street in Chesterton.
BSA say the continued operation of both sites is unsustainable in the long term and the transfer of Oxford Road’s existing facilities to Chesterton would allow the BSA to invest in upgrading its sporting provision at the Chesterton grounds for sports clubs which use the site.
The sale of the Oxford Road site to U+I is expected to fund the move to Chesterton and the BSA’s long term investment plans to extend and upgrade its offer.
It is hoped the clubs will benefit from bigger and better subsidised sporting facilities, including new, high quality match and training pitches and enhanced rifle and pistol shooting facilities.
The BSA is consulting with the sports clubs who currently use its existing facilities.