Three large retailers have agreed terms to move onto the derelict site in Haverhill that was once occupied by Project Office Furniture.
Property investor and developer Howard Group has agreed terms with occupiers at the planned retail park in Ehringshausen Way, which will see the investment of around £5 million over the next two years.
The site was purchased by Howard Group in 2008 and has remained undeveloped since.
Pre-sale and pre-let deals have been agreed with Lidl, Home Bargains and Pets At Home for three of the four proposed units with the remaining 6,000 sq ft bulky goods retail unit being marketed by retained agents Bidwells.
Home Bargains will take a 13,500 sq ft pre-let with a yard area, Lidl a 14,500 sq ft plot for its new store, and Pets At Home will take 6,000 sq ft.
Colin Brown, development manager at Howard Group, said: “Haverhill has often struggled with ‘retail leak’ where local residents choose to shop in surrounding towns and cities due to the lack of a diverse retail offering in Haverhill.
“By bringing four new national retailers into the town we will be adding to the retail mix, creating a number of new jobs and bringing to life what has been a fairly tired looking site for years.”
Howard Group and Lidl will be holding a public consultation event in the near future as part of the planning application to provide further information and listen to the views of local residents.
Cllr Tony Brown, who represents the area on Haverhill Town Council, said: “On the whole I’m just really made up that something is going to be done to that site and it’s a whole new load of jobs coming into the town.
“There will be competition issues but I’m sure that will be looked at in the full planning process.”