The 88,000 sq ft Valley Point distribution warehouse complex at Newton-le-Willows, St Helens, Merseyside, has been sold for an undisclosed sum in a deal brokered by global real estate advisors Colliers International.
Acting on behalf of Denholm Logistics Group Ltd, the specialist industrial and logistics team at the Manchester office of Colliers sold the 88,334 sq ft (8,205 sq metres) facility to EP Properties Ltd.
With the complex currently unoccupied, EP Properties plans to let or sell the 6.11-acre site to a new occupier or occupiers.
Valley Point comprises one warehouse of 37,344 sq ft (3,469 sq metres) with offices and canopies taking the total amount of space to 47,113 sq ft (4,376 sq metres), another standalone warehouse of 41,221 sq ft (3,829 sq metres) and a total of 90 parking spaces overall.
The facility sits within Valley Point Industrial Estate and provides easy access to junction 23 of the M6 and the A580 East Lancashire Road.
John Sullivan director, industrial and logistics at the Manchester office of Colliers, secured the sale and said: “The sale on behalf of Denholm Logistics Group Ltd was particularly pleasing because the site had become surplus to their requirements. Large freehold opportunities such as Valley Point rarely come to market, and especially any so close to the M6”.