The Washington base of car parts manufacturer Gestamp has been put on the market for £6.5m.
Gestamp has been winding down its operations at its Washington base after it made the decision to switch production to its manufacturing site in Newton Aycliffe.
The decision led to the company announcing in January that 90 roles were being made redundant in Washington.
The commercial property has now been placed on the market with an asking price of £6.5m.
Described as a "large, modern commercial premises" the site is located in the commercial quarter of Washington and includes a detached commercial building that provides a total gross internal floor area of 140,781sq ft.
The main warehouse/production area is organised to provide clean span accommodation with total floor space measuring 126,310sq ft.
It also includes a two-storey office, with 11,131sq ft of space, a canteen, welfare facilities, and an eight-man lift. There is also a car park with 116 spaces.
In total, the site covers 11.386 acres.
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The property was built around 20 years ago and benefits from easy access to Rutherford Road and is close to the A1. It is located near a number of prominent businesses including Simpson Group, SNOP Groupe, Northern Gas Networks, Co-operative Distribution Centre and Chainbridge Steel.
James Evans, from Halls Commercial Property which has been brought in to market the site said: “The property offers the opportunity to acquire a relatively modern commercial property benefiting from good accessibility to the main road networks and will be of interest for owner occupation and investment purposes.
"The property is in a sector that is showing strong growth and comes off the back of our practice selling similar commercial sites in Ilkeston, Manchester and Shrewsbury in the last 12 months.
“The commercial property market is booming in this quarter and with our past experiences of working with a number of significant international businesses including Stadco, Magna and Princes in 2019, as well as many SMEs in our area, I’m confident our team will be able to find the right purchaser for this site hopefully relatively quickly.
"The potential of the property can only really be appreciated by carrying out an inspection of the property, but we do have a video available of the property to assist people considering this opportunity.”