Christie & Co instructed to sell the former Cabinet Works site in Warrington
On behalf of Warrington Borough Council, specialist hospitality and leisure property adviser Christie & Co has been instructed to market for sale the former Cabinet Works site in the centre of Warrington.
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Situated in Barbauld Street, the 0.385-acre (0.15 ha) site is in close proximity to the council’s £142m Time Square development which includes a new state-of-the-art, 13 screen, 2,500 seat multiplex cinema operated by Cineworld, as well as several restaurants, an impressive market hall, new council offices, a 1,160-space multi-storey car park and a new civic square.
Building on the success of Time Square, this central area of Warrington forms part of the town’s Cultural Quarter and is seen as key to the regeneration of the town, with residential living, cultural facilities, office and leisure and business actively being promoted.
The former Cabinet Works site which has been cleared to pave the way for development provides an excellent 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 & Development at Christie & Co who is coordinating the sale commented, “Warrington is one of the best-connected towns in the UK and with junctions to the M6, M62 and M56 Motorways, its road network connectivity is excellent with 3.5 million people living within 45 minutes’ drive time. In hospitality terms, the Warrington market is predominately driven by domestic demand and 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. As a result, we envisage interest both from a variety of hotel brands as well as owner-occupiers and developers.”
Bronte Hughes, Corporate Communications Executive
P: +44 (0) 7721 420 656 or E: bronte.hughes@christie.com
Contact the agent:
Jon Patrick, Head of Leisure & Development
M: +44 7831 263 529 or E: jon.patrick@christie.com
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