Portsmouth City Council has sent property brochures to local businesses advertising brand new industrial and enterprise units in Hilsea Industrial Estate.
The council is looking to boost local business and jobs with the 21 units, and a restaurant/café, on the old AE Hadley shopfitters site.
The hoardings at the building site, in Limberline Spur, have been covered with information about the project for anybody who wants to talk to the council about renting the units, which are due to open next Autumn.
Councillor Luke Stubbs, cabinet member for planning, regeneration and economic development, said: “This is a great opportunity for local businesses so we want anybody who might be interested to have the chance to speak to us about what is on offer.
“This project will give a real lift to local businesses and will create jobs, both in the units themselves and in the construction work.
“We want to give local businesses the opportunity to flourish and that’s why we’re building this type of unit for which there is a huge demand in this area.”
The plans for the scheme have been submitted for planning permission.
The redevelopment of the council owned land, in a busy, established freight and distribution location, will include allocated parking, bespoke fit-out and mezzanine options as well as extra business services.
The project will cost an estimated £4.25m. The money for the scheme will be borrowed and the rental income generated by the site will exceed the cost of servicing the additional debt.
