The site of BAE systems munitions factory in Cheshire has been put up for sale at a price of £49.7m.
The Radway Green Small Arms Ammunition facility, which is near Crewe, is to be offered to the commercial investment market and is expected to generate interest from a mixture of UK and overseas investors.
The plant was redeveloped in 2011 by BAE Systems at a cost of £83m providing state of the art production munitions facilities. The site has produced bullets for over 75 years mainly for British Army, and is capable of manufacturing 1 million small-arms bullets a day.
The 73,000sq metre site was acquired by BAE Systems in 1987, and it has continued production of bullets and other munitions since then. Its previous incarnation was a Royal Ordnance Factory, built in 1940.
The facility is let to the company until 2036, at a current rent of £2.9m per annum.
BAE Systems currently has a 15-year Munitions Acquisition Supply Solution contract with the UK Ministry of Defence, as well. This has guaranteed production at the site until at least 2023.
Commercial property consultants GVA are conducting the sale.
The video below shows the factory after its redevelopment.