Great question — answering as the UphillTech team:
Yes. You are removing that box and wires (cutting them). If both cables are together above, then the job is easy-preachy. If one of the cables takes a different path, then the job might be harder. Finding the cable, deciding how to move it to new location. There is some concern from a comment, that there is no ground. If no ground and/or close to water/moisture, adding a GFCI receptacle in the new box is recommended and required by code.
Full answer by crip659: https://diy.stackexchange.com/a/333572 (CC BY-SA 4.0).
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