A 85,672 sq ft office block in London’s Hammersmith has hit the market with a £51.3m.
On behalf of IVG, Knight Frank has been instructed to sell 43 Brook Green, W6. The price reflects a 5.25% yield.
The building is let to Halcrow Group, at a rent of £2.8m pa. The tenant recently entered into a reversionary lease expiring on 24 December 2030.
There is strong scope for rental growth and longer-term redevelopment opportunities.
James McCluskey, partner, Knight Frank capital markets team, said: “With secure long-term income and a low capital value per sq ft, 43 Brook Green offers investors an attractive running yield and a site underpinned by potential for change of use to residential in the future. We expect the opportunity to be very well received by the market.”
