Shops, leisure and flats may replace M & S in Bridge Street
Two national retailers have already made offers to use the ground floor, which is likely to be split into two separate shops.
Commercial agents are also talking to gym operators about a possible use for the first floor.
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Hide AdBut they say the 35,000 square feet first floor could be divided up to accommodate other users.
Alternative uses could range from students flats to wedding venue, galleries and church groups.
Julian Welch, of agents Barker Storey Matthews, said: “Both retailers looking to use the ground floor are national companies. One is new to Peterborough, the other already has a presence in the city.
“We are in talks with two gym operators but we are also looking to attract interest from hotels, students accommodation and community uses such as wedding galleries and church groups.”
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Hide AdMarks & Spencer is relocating to its new-look store in the Queensgate Shopping Centre, where it currently has its food outlet.
Peterborough MP Stewart Jackson said: “It’s a big difference from 2009 when Woolworths closed and we struggled to fill the retail premises.
“It’s good the city centre is thriving to the extent our void levels are low and restaurants and niche retailers are queuing up to come to Peterborough. That will only improve as more people choose to shop in central Peterborough and live in the heart of the city too.”
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