Standard Life, advised by Strutt & Parker, has purchased the freehold interest of Capital Court, Windsor Road, Uxbridge, from Capital & Counties, for £10.98 million, reflecting a net initial yield of 9.97%.

The property, which has a prominent town centre location, comprises 54,378 sq ft of office accommodation arranged over ground and four upper floors including a restaurant at ground level. The building is multi-let to three tenants including IBB solicitors and Manpower on terms expiring between 2014 and 2020. The building generates a rental income of £1.16 million per annum, equating to £23.75 per sq ft and is subject to upwards and downwards rent reviews.

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