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Gloucestershire Business News

Nearly fifty businesses interested in buying Gloucester Docks warehouses

Interest from potential buyers in three historic warehouses for sale at Gloucester Docks is believed to have been rife.

Gloucester City Council appointed Bruton Knowles to market 75,000 sq ft of space across the Grade II listed Herbert, Kimberley and Phillpotts Warehouses back in March.

Previously used as the council's offices, the council has now officially moved to new offices at Shire Hall, leaving them vacant and open to new development.

It is understood there have been almost 50 expressions of interest in the buildings - with the clever money on a hotel business to come out on top.

Yesterday (August 8) the Gloucester City Council moniker was painted over on one of the buildings, sparking interest a buyer might have been found. But there has been no confirmation from any party involved.

Paul James, leader of Gloucester City Council, said: "I am delighted, but not surprised, that the marketing of our Docks warehouses has generated so much interest. Once all offers have been received we will consider them and a report will go to the council's cabinet for a decision.

"We will take into account not just what is most advantageous financially but what is the right use for this part of the Docks and what brings the greatest benefits for the city as a whole."

Previously, Coun James had speculated the buildings could become "a hotel, student accommodation or serviced apartments".

The council moved into the warehouses more than 30-years ago but made the decision to move into the revamped County Council offices at Shire Hall in order to save funds.

It is understood potential buyers have until September 26 to make their offers and that the council is open to a disposal, lease or joint venture. The Canal & River Trust are the freeholders and need to approve any change of use.

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