EP Properties has acquired an 88,000 sq ft distribution warehouse complex in Newton-le-Willows, marketed by vendor Dunholm Logistics Group with a guide price of £3.75m after the facility became surplus to requirements.
The industrial and logistics team at the Manchester office of Colliers International acted for Denholm on the sale of the warehouses at Valley Point.
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 is made up of a warehouse totalling 47,00 sq ft, another standalone warehouse of 41,200 sq ft and a total of 90 parking spaces overall.
The facility sits within Valley Point Industrial Estate, near to junction 23 of the M6.
John Sullivan, director at Colliers, secured the sale and said: “The sale on behalf of Denholm Logistics Group 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.”