The London Head office of HBOS is to go on the market for just under £200m for a yield of just 4 per cent. The City property is at 33 Old Broad Street and is co-owned by the Bank of Scotland and entrepreneurs Nick Leslau and Sir Tom Hunter. It was purchased from HBOS, Bank of Scotland's parent company, less than two years ago for a price which reportedly reflected a yield of more than 5 per cent. The high asking price has been justified by the fact that the building has 33 years remaining on its 35 year lease, with annual fixed uplifts of 2.6 per cent and two rent reviews.