Former sorting office sold for £4m
The four-acre Brunswick Road site has been bought by Attila Asset Management, with funding from Close Property Finance, part of London-listed lender Close Brothers Group.
In March, Royal Mail applied for permission to build 200 flats as part of marketing efforts for the site, which closed in June 2009.
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Hide AdStuart Anthony, director of Close Property Finance, said: "Brunswick Road is a good funding proposal for us thanks to its strategic location and excellent local amenities.
"Attila's management team has a strong track record and, despite the lack of finance from high street banks for land development, we can see the potential and have the ability to lend."