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Investment Sale Completed

Carters Yard Aerial View

Louch Shacklock and Partners LLP are proud to announce the investment sale of 24 business units at Carters Yard, Kiln Farm, Milton Keynes.

Acting on behalf of Kindale LLP, a sale of the investment was secured within 3 months of commencement of marketing at a price close to the quoting of £2,350,000. Graham Young, partner at Louch Shacklock commented, “ this transaction is proof the Milton Keynes commercial property market continues to outperform other regional centres in respect of price achieved and quick turnaround.”

The success of Carters Yard is also attributable to the proactive management by Kindale LLP who themselves purchased the scheme only 18 months ago where void levels were in excess of 35% and the prospects for re-letting were slim. With the adoption of an aggressive refurbishment programme of vacant units and flexible approach to lettings together with the re-gearing of existing tenancies, both the Landlord and their agents were able to secure 14 new leases and achieve a near 100% occupancy prior to the sale.

Louch Shacklock have subsequently been appointed as sole letting agents by the new owners , UK Property Central Fund. For further information on availability at Carters Yard or if you require any professional advice regarding investments in Milton Keynes or nationally please contact our team.