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For Sale
13 BON-ACCORD SQUARE, ABERDEEN, SCOTLAND, AB11 6DJ
Tenure

For Sale

Type

Investment

Price

Offers in Excess Of £650,000

Size

5,533 Sq Ft

Ref No

14572

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Property Highlights

  • Multi-let office: Attractive period building with garage parking
  • Central location: Strategically positioned in the city centre close to Union Street
  • Spacious accommodation: Approximately 514.08 sq m (5,533 sq ft)
  • Fully tenanted: Fully let with a passing rent of £85,120 per annum
  • WAULT: 3.8 years to expiry, 3.4 years to breaks
  • Secure income: 94% of income is classified as 'very low risk', with 57% covered by Aon a global professional services firm
  • Development potential: Future residential redevelopment play (STP)
  • Attractive price: Offers over £650,000 invited for the heritable interest
  • Generous return: Immediate high net initial yield of 12.47%

Overview

CITY CENTRE OFFICE INVESTMENT

The original 13 Bon Accord Square property is a four storey, Grade B listed granite building, which largely offers cellular office space. The building has been extended at the rear, offering modern, open-plan office space. Beneath this extension, an indoor garage accessible from Craibstone Lane provides 8 dedicated car parking spaces. Additional on-street, metered parking is also available within Bon Accord Square.

The building offers a pleasant working environment, with a well-presented entrance foyer. Bon Accord Square itself was designed in 1823 by the renowned Aberdonian architect Archibald Simpson, who left a significant architectural legacy across the city and the original building's design accentuates some of the periodic features.

Ken Shaw Image

Ken Shaw

Partner

Daniel Stalker Image

Daniel Stalker

Associate

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