The former Cabinet Works site in the centre of Warrington has been instructed to be sold as a hotel/leisure development, on behalf of Warrington Borough Council.
Christie and Co has been instructed to sell the 0.385-acre (0.15 ha) site situated in Barbauld Street. It is in close proximity to the council’s £142m Time Square development which includes a new 500 seat multiplex cinema, as well as several restaurants, a market hall, new council offices, a 1,160-space multi-storey car park and a new civic square.
This central area of Warrington forms part of the town’s Cultural Quarter and is reportedly seen as “key to the regeneration of the town”, with residential living.
Christie and Co said the former Cabinet Works site, which has been cleared to pave the way for development, provides an opportunity for owners, operators and investors to develop a hotel or associated leisure scheme.
Offers are being invited for the freehold and part leasehold site on a subject to contract and planning basis.
Jon Patrick, head of Leisure and Development at Christie and Co, said: “In hospitality terms, the Warrington market is predominantly driven by domestic demand.
“The growth in business around manufacturing, global logistics, cybersecurity, data analytics as well as energy industries will be a key factor in attracting additional hospitality brands to the town centre where less than 20% of current hotel stock is located.”
He added: “As a result, we envisage interest both from a variety of hotel brands as well as owner-occupiers and developers.”