The pair - Trevor Cockburn and John Lister, of Chadwick Properties - have been granted non-notified resource consent from the Dunedin City Council for the development at 7 Chadwick St, Fairfield.
The development would see 13 new ''up-spec'' sheds built, each with an office in front, yard space and four-bay sheds of 160sq m in size.
They would be in addition to five smaller sheds already on site, but would be ''a lot more grand'', Mr Cockburn told the Otago Daily Times.
While the sheds could be used for storage, Mr Cockburn said the aim was to provide low-cost bases of operation for small-business owners, including plumbers and other tradesmen.
The site's industrial zoning meant the activities were covered as a permitted use.
The shed-based development was ''a little different for Dunedin'', but buyers had already expressed interest, he said.
''The target audience is obviously the small-business person that wants to have control of their own destiny, not subject to a landlord.
''The interest we've had already from people, through word of mouth, has all been from small operators that want somewhere to work from.
''That's really what we see happening. They will be small businesses operating from there,'' he said.
The council's consent decision permitted Chadwick Properties to subdivide the site, allowing sheds to be placed on their properties. The packages sold for ''under $300,000'' each, Mr Cockburn said.
Building consents were still to be obtained for each of the sheds, but that was expected to be a formality, he said.
The company would spend the next few months building a road and installing services on the site before the first sheds were built, he said.
The industrial park was expected to be largely completed and operating before the end of the year, he said.
