Property unavailable This property advert is no longer active. It is possible that the same property has been re-advertised under a separate listing, click below to view any replacement or similar listings. Show similar properties Please note we do not have names or contact details of anyone currently occupying this building we are also unable to provide details of the agents that posted the original advert with us. If you are the owner of the building and would like to re-post this advert please email renewals@novaloca.com If you would like to know if this, or any similar property comes back or on to the market please click here to get updates by email. Street view 1-8 Moorfield Industrial Estate, Gatehead, Kilmarnock, KA2 0BA 235,507 Sq Ft / Industrial Withdrawn - Last updated: 05 October 2020 Theproperty is located at 1-8 Moorfield Industrial Estate, Kilmarnock and providesa long let, high yielding investment opportunity. Thekey investment highlights are set out below: § Letto OFFICE Holdings Limited (ICC rating 81:100) and DHL Express (UK) Limited§ Detacheddistribution facility extending to 235,507 sqft (21,878.6 sqm) on a site of14.1 acres (5.71 hectares) or thereby§ OFFICEHoldings Limited occupy all of the warehouse accommodation on a 15 year lease,expiring 31 December 2024 (10.75 years unexpired)§ OFFICEHoldings Limited and DHL Express (UK) Limited occupy 75% of the officeaccommodation§ Totalrental income £569,487.70 (net £564,337.70)§ Offersare sought in excess of £5,250,000 (Five Million, Two Hundred and FiftyThousand Pounds Sterling) reflecting an attractive net initial yield of10.16% and a low capital rate of £22.29 psf Forthe year ending 27 January 2013, OFFICE Holdings had pre-tax profits in excessof £35,000,000 and a net worth of £80,848,000. Thisfacility is their main UK distribution hub. The operation includesdelivery and storage of goods destined for all High Street stores throughoutthe UK and some American and European stores. In addition, distributionto single customers ordering products online in the UK and in the US is alsohandled at this facility. Under the terms of the parcel deliverycontract, OFFICE pay the same for each parcel to be delivered regardless of thelocation in the UK. Thereis currently in excess of 200 people employed at the building which isoperational 6 days a week. Additional contract staff are employed in therun up the Christmas period. Location1-8 Moorfield Industrial Estate, Gatehead, Kilmarnock , KA2 0BA, Ayrshire, Scotland Next Steps Contact an agent now The 'Contact agents' section contains agent phone number and a contact form. You can also request a viewing from here. Contact agent View similar properties View a list of similar properties in this postcode. You can also use the search filter at the top of the page to refine your search criteria. Show similar properties Send me updates To get regular updates about similar properties that match your search please register your email address. Get email updates Add to my shortlist Add this property to your shortlist. Just provide your name and email address so you can access these at a later date. Add to watchlist