A Royal Mail distribution centre investment in Kilmarnock is being auctioned, with a guide price of between £1.1m and £1.2m.
The freehold interest in the 18,424 sq ft centre produces an annual income of £94,500 is being offered at an event organised by Acuitus on 22 September.
Royal Mail has been in occupation of the Queens Drive property for 20 years and recently renewed its lease for a further 10 years.
Mhairi Archibald of Acuitus commented: “This purpose-built industrial asset offers secure income from the Royal Mail and - with low site coverage of 21% - it could also offer long-term development potential.”
The property is located adjacent to Queens Drive Retail and Leisure Park, with occupiers including Asda, The Range, B&Q, Pets at Home, B&M, Odeon, Fitness First and KFC.
There is future development potential at the site, subject to lease and consents.
It is being sold on behalf of an unnamed Real Estate Investment Trust.
Don't miss the latest headlines with our twice-daily newsletter - sign up here for free.
