The fate of six companies hangs in the balance after administrators put the Cooplands bakery site in Doncaster up for sale.
The firms all have premises on the Wharf Road complex at Wheatley Mills, home to the former food manufacturer’s head office and bakery complex.
Cooplands went under with the loss of 300 jobs last month.
Now administrators Deloitte are inviting offers for the site, which includes a partially-let nineteenth century mill and several fully-let industrial buildings with yard and car parking ‘in parts or in its entirety’.
Alex Sweetman, of agents GVA, said it was a prominent waterfront site close to the town centre which offered “development potential”.
Only last week a fifth of an acre on nearby Wheatley Road, put up for auction with a guide price of £25,000, sold for a staggering £131,000.
He added: “This is a rare opportunity to acquire a prominent commercial property on the edge of the town centre that has the potential to generate a substantial annual income.
“Wheatley Mills also offers development potential and is situated in an excellent waterfront location, only 500m from Doncaster town centre.”
Current occupiers include M&G Auto Electronics, AB Self Drive, Doncaster Steel Fabrications, Say Yes For Tyres and Marvel Bakeries.
The agent’s brochure shows they pay a total of £65,750 in rent each year.
Administrators Deloitte said Cooplands had made unsustainable losses, due to high manufacturing costs and falling trade.
Business restructuring specialist Resolve bought 41 stores and the company’s fleet of 26 bap vans, saving around 260 jobs and relocated the manufacture of products.
Staff were summoned to a meeting on February 5 where they were informed that jobs would go and stores would close.
Adrian Berry, joint administrator, said: “Cooplands had seen a recent deterioration in trading performance across its retail business, which combined with a significant fixed manufacturing cost, resulted in unsustainable losses.”