A HISTORIC former block of flats for the widows of merchant seamen faces demolition because it is a site "prime for development".
The owners of the Gibson House Memorial Home say they have had approaches from many investors interested in buying it, even though they have yet to put in on the market.
The building, in Wallasey, which overlooks the Mersey, is owned by the NUMAST charity, and was closed down 18 months ago.
It was built in 1906 to contain 28 small self-contained flats, but has been the subject of repeated vandalism since the residents were moved out and the building boarded up.
Pete Horner, of Wallasey estate agents Bakewell and Horner, said the land would generate much interest from potential developers and builders if it came on the market.
He said: "That area has come up a lot in the last three to four years and that is a valuable site. If it was on the market there would be a lot of demand. It's a shame to see it like that, doing nothing."
NUMAST Welfare Funds say they are applying to the Charity Commission to dispose of the building and are waiting for permission.
In the meantime, they have been trying to protect it from vandals and have strongly denied rumours that the building, on Seabank Road, in Egremont, Wallasey, will be used to house asylum seekers.
The manager of welfare services for NUMAST, Bob Currams, said: "The residents were transferred out into new flats elsewhere in Mariners' Park, and we are waiting for the legal steps regarding a possible disposal to be completed."
He said that, since it was boarded up, they had received around 30 written letters of interest from potential developers and added: "Without even advertising it, we have had people stop and express interest and we have asked them to put their interest in writing."
The imposing red brick property was built in 1906 with a donation from Andrew Gibson, a wealthy Liverpool cotton merchant from the turn of the 20th century.
The generous Mr Gibson and others from the same era also provided money to help build some of the houses elsewhere in Mariners' Park, homes for retired seamen and their next of kin, as well as a welfare funds for former seafarers.
However, few people will even know that the massive boarded-up building is called Gibson House because the covenant included the clause that no sign be put outside saying what it was called or built for, to protect the widows who lived there and because Mr Gibson preferred to do good by stealth.
Local councillor Leah Fraser said that it was a historic Wallasey landmark and that Wirral had lost too many valuable buildings.
She said: "The planning department say it does not meet the criteria to be protected as a listed building, but I believe the people of Wallasey will be outraged if it's lost."
A spokeswoman for the Charity Commission said the organisation visited the site last year.
She said: "The proposed disposal of the Andrew Gibson Memorial Home was discussed during the visit and advice was provided on the legal requirement, should this disposal take place."