Prominent Seaforth residential tower block Vine House could be sold by Sefton Council to be brought back into use as homes.
The local authority will consider offers from bidders for the freehold of the vacant Kepler Street building during a meeting next Thursday (27 July).
A report to be considered by council cabinet members recommends that an offer by Signature Living is accepted, prompting negotiations to take place with the developer.
Vine House has lain empty since 2003 after it was not carried over to One Vision Housing as part of a housing stock transfer from Sefton Council.
It was since offered for sale several years ago by tender but no appropriate offers were received.
According to the Sefton Council document the local authority was then approached with two offers in 2016 and 2017 from investor developers, one of which is Signature Living, and a formal disposal process was launched to allow both offers to be fairly considered.
With a decision due to be made in next week’s meeting, the report explains that the recommended progress would “enable the disposal of Vine House, a property that has been rendered surplus to operational requirements and made available for disposal by the council and which will further enable the building to be refurbished to a standard fit for residential occupation and therefore brought back into use”.
An option to demolish the building has previously been considered and rejected by Sefton Council. It was estimated the move would cost between £750,000 to £1 million and would be likely to create a plot of land to develop a small number of new build houses.
Signature Living has already been behind a number of residential and leisure developments in Liverpool city centre.