Former Westwood Yarns site and textile machinery offered for sale
The former Westwood Yarns site in Holmfirth is being offered for sale following the company being placed into administration in December 2015.
Our Manchester office has been appointed by administrators KPMG to market the Washpit Mills site on Choppards Lane. All textile machinery at the premises is also for sale and is already attracting strong interest from potential purchasers. The machinery comprises wool opening, blending, carding, spinning and winding equipment together with ancillary production equipment.
Commenting on the sale of the property and machinery, John Noon, senior manager at KPMG, said: “We appointed Sanderson Weatherall to sell the property and textile equipment thanks to the firm’s knowledge of selling specialist machinery of this kind, combined with its expertise in connecting with the commercial property market in this sector.”
The firm previously employed 130 people and produced specialist carpet yarns. The property comprises 168,551 sq ft including a mixture of production workshop, office and ancillary space set in an 8.54 acre site that would be suitable for redevelopment or conversion, subject to planning.
The property sale is being led by David Murray and Craig Watson within our Asset Advisory and Recovery team, with Roy Tubman and Mark Lord, partners in our Machinery and Business Assets division, being responsible for the sale of the textile machinery and equipment. Arrangements have been made for an online auction to be held on April 21, 2016. Expressions of interest for major items will, however, be considered prior to the online auction.
Commenting on the opportunity, Craig Watson said: “This property is in an excellent position, just one mile south of Holmfirth town centre with stunning views across the Holme Valley.
“The site comprises an interesting range of properties, making it ideal for conversion as well as redevelopment, and we have received a good amount of interest. The interest, both domestic and overseas, in the plant and machinery is very encouraging and we expect to receive a great deal of enquiries from interested parties.”