A derelict Grade II-listed building could get a rooftop bar and restaurant as part of a £22million transformation.

The Rum Store in Victoria Quay, Gosport, is set to be transformed by the council and could see the new bar open in the summer of 2026.  

Historically, the Rum Store used to house the entire Royal Navy store of rum rations - but over the years it fell into disrepair.

The renovation would create nearly 7,000 square meters of mixed-use employment space, mainly for maritime businesses like yacht brokers and naval architects.

Other units are earmarked for retail and leisure, including the possible rooftop terrace bar and restaurant with views across Portsmouth Harbour.

Gosport Borough Council said it is expected that the restored building could create up to 200 jobs and boost the local economy by £11m a year.

Cllr Peter Chegwyn, leader of Gosport Borough Council, said: "The Rum Store is a key piece of the jigsaw of improving Gosport's waterfront.

“Not only could this project restore a derelict historic building, but it’ll also create a new commercial and leisure destination for people to enjoy.

“We hope it'll welcome more residents and visitors alike to explore a more connected waterfront."

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Included in the plans is specialist conservation repairs to the historic structure, reconstruction of collapsed floors, and a new open plan gallery entrance with staircase and lifts.

Reconstruction of the second floor is also proposed as it was demolished following World War II bomb damage.

Ben Mason, portfolio manager at Victoria Quay, said: “This project could provide huge opportunities for Gosport residents and businesses.

“Working with Gosport Borough Council has given us access to government funding and helped unlock solutions to problems that were bigger than just our site at Victoria Quay, such as local infrastructure.

“The council has big plans for regeneration in the borough and we're delighted to be a partner in that.”