The site, to be known as Spur Point Business Park, is next door to Rossborough Insurance.
It is owned by J & D Norman Ltd and it is hoped that the multi-million pound development will be completed in the spring of 2025.
Company general manager Adrian Norman said the project was aimed at light-to-medium industrial use.
The units range in size from 1,550sq. ft (144sq. m) up to 6,716 sq. ft (624sq. m) and Mr Norman said tenants would be able to specify how they want the space configured. While some might want a large empty space with a small office on the ground floor, others could have a first floor or mezzanine with office space.
Savills Commercial is the estate agent for the project and director Terry Gardiner said he had already had expressions of interest from potential tenants.
‘There’s been a real need for good quality, high spec units, and there’s an appetite for people to move from old units,’ he said.
Work to clear the site has been carried out by Bob Froome & Son Ltd while AC Ltd has been responsible for removing the corrugated asbestos roofing panels.
The old sheds had seen a variety of uses over the years, including as a box factory when the island’s tomato industry was in its heyday, as a container repair shop, and as a food store.
Mr Norman said that the demolition work started about a month ago and it was hoped that building could start in March.
‘We’ll be going out to tender between now and Christmas,’ he said. ‘We’re probably looking at a 12-month building programme.’
WT Partnership is quantity surveyors for the project, and also working on it are CBL Engineers and mechanical and electrical engineers Henderson Green.
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