Syndicate Type: Deferred Income
Asset Type: Industrial
Property Address: 3 Queens Drive, Kilmarnock, KA1 3AA
Tenant: Royal Mail Group Limited
Lease Expiry: 07/11/2021
Passing rent: £94,500
The property is located a short distance from Queens Drive (A735) to the west of Little Bellsland Road which lies south of Kilmarnock town centre and adjacent to Queen’s Drive retail Park whose occupiers include Currys, B & Q, Homebase, Jewson and Asda. In addition there is an eight-screen Odeon Cinema, KFC, Burger King and Fitness First Gym. The town is located at the intersection of three main roads and therefore benefits from excellent road communications with Glasgow (via the M77), Edinburgh (via the A71) and Dumfries in the south (via the A71).
The property comprises of a modern, purpose-built, distribution facility providing 18,424 sq. ft. of warehouse accommodation. The property is of steep portal frame construction with 5.5 metre eaves and brick elevations to a height of approximately two metres with metal profile sheet cladding above. The site measure two acres representing a low site coverage of 21%. This is to accommodate the royal Mail’s specific requirements. Should the Royal Mail vacate at any time there would be in the order of one acre of potential development land released.