Aviva Investors puts west London office on the market

Aviva Investors is looking to offload one of its west London office buildings. The freehold to the 51,795 sq ft Aurora at 71-75 Uxbridge Road, W5, is being marketed by Hanover Green at £19.38m, reflecting a net initial yield of 10% and a capital value of £383 per sq ft. The building provides BREEAM Very Good and EPC B-rated office space and is fully let to four occupiers. This generates a total passing rent of just over £2m per annum and reflects an average rent of £41.61 per sq ft. The tenants are BDW Trading, a subsidiary of Barratt Developments; US construction tools manufacturer ToughBuilt; and UK housebuilder Countryside Properties UK. Three floors are let to Regus and are being offered as flexible workspace. Leases have a weighted average unexpired lease term of 8.3 years to expiry and 6.6 years to break. Check out occupational sale comparables in Ealing >> Photo © Hanover Green