A £25m plan to transform the former Parcelforce site, if approved by the city council, will be branded Bourges View and span more than eight acres next to Maskew retail park.

Three big food brands – Costa Coffee, Wendy’s and Taco Bell – have been confirmed by Chancerygate, the site developer.

The site will also boast nine trade counter units – two of which are currently under offer – and eight industrial units. A land sale has been agreed to a local car parts supplier, Millfield Autos, and self-storage provider Lok’nStore will be opening a facility.

Chancerygate development director George Dickens said: “This is a significant development for Peterborough which will rejuvenate dormant land adjacent to a key retail destination.

“The brands already secured, and the names we have under offer, highlight the prominence this site has to passing traffic and its accessibility to the city centre and wider transport network.

“The planning application has been validated and we’re looking forward to working with Peterborough City Council to bring forward this exciting development.”

The site was previously a parcel sorting and distribution centre but has been vacant since 2006.