Vacant office building acquired by private investor

Property consultant Kirkby Diamond has announced the acquisition by a private investor of Avalon House in Milton Keynes for £4 million.

The unnamed buyer has acquired the vacant, 30,284 sq ft, two-storey Avalon House. The 1980s-built scheme has two wings of open-plan offices around a central reception area with 90 parking spaces.

Matt Bowen, partner and head of commercial agency at Kirkby Diamond in Milton Keynes, and senior surveyor Nick Bosworth acted on behalf of an investor.

Mr Bowen said: “Avalon House is an excellent office building which represented a wonderful investment opportunity. Properties such as this come on to the market infrequently and we therefore expected a great deal of interest from investors and owner-occupiers and we were not disappointed.

“We were very pleased to be able to conclude a deal on behalf of our client for the sum of £4m.”

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