Cold store is hot property

Manchester-based Landwood Group is handling the sale of one of the largest cold storage facilities in the country. With an asking price at around 5 million, the 287,000 sq ft purpose-built cold store at the Holmewood Industrial Park in Chesterfield was built in 1997.

The facility is split over two levels, both of 126,000 sq ft, and each level features five dock level loading doors. The stores are both racked to provide approximately 36,000 pallet spaces and can be frozen to -25C.

In addition to the cold store the property also has a two storey office building, which has more than 8,000 sq ft of space.

Asset valuation and recovery specialist Landwood Group has appointed David Binks at Cushman and Wakefield as joint agents for the property, which is available for sale or to let.

Landwood Group director Richard Parkinson says: "The sheer scale of the depot makes it a more unusual brief - cold stores of this size and of such recent vintage don't come onto the market very often. It is a purpose-built facility and it is just off the M1, so in terms of functionality and location it ticks all the boxes. We believe it will generate real interest."

Landwood Group provides expert advice on property, plant and machinery and business assets. The company's client file includes a wide range of insolvency practitioners, banks and specialist lenders. It provides due diligence advice and valuations for both lending purposes and for corporate restructuring and insolvency.