ELECTRONICS group LG Philips has put its Durham factory on the market for more than £5m.
Agents Knight Frank predict that if offices are built on the site, it could provide employment for more than 10,000 people.
LG Philips closed its TV tubes factory, on the Belmont industrial estate, last month with the loss of more than 700 jobs.
The electronics company has appointed Knight Frank in Newcastle to market the site, which is one of the largest industrial sites to go on the market in the North-East for several years.
Offers of more than £5m are being invited by September 15, and the site is expected to be sold by the end of the year.
About 20 investor-developers have viewed the site, some interested in converting it to offices, and some wanting to use it for manufacturing.
Simon Haggie, partner in charge of the industrial department at Knight Frank, said that if the site was converted into offices, it could provide more than a million square feet of space.
And he said it was estimated that one worker required about 100sq ft of space.
There would therefore be space for more than 10,000 workers at the site.
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