13 Bon Accord Sq 5,533 sq ft 100% Let Office Property Aberdeen AB11 6DJ £650,000 (£117.48/sq ft)

01. Multi-let office: Attractive period building with garage parking
02. Central location: Strategically positioned in the city centre close to Union Street
04. Fully tenanted: Fully let with a passing rent of £85,120 per annum
09. Generous return: Immediate high net initial yield of 12.47%
Aberdeen is Scotland's third- largest city with a population of approximately 220,000 and a regional catchment exceeding 500,000. Its established status as the "Oil Capital of Europe" has transitioned to be the "Energy Capital of Europe" with ongoing investment in renewable energy, leveraging its highly skilled workforce and extensive onshore and offshore infrastructure.
The city has benefited significantly from public sector support in recent years, notably with the establishment of a £62 million Energy Transition Fund. Of this, £26 million has been specifically invested in creating the Energy Transition Zone (ETZ), now a key development opposite the £450m South Harbour. The ETZ aims to
The South Harbour has firmly established Aberdeen as the largest berthage port in Scotland, improving the region's marine and energy support capacity. It is also now home to the UK's Energy Transition Centre of Excellence, playing a pivotal role in leading the shift from carbon to renewable energy sources.
Located in the heart of Aberdeen city centre, the property occupies a prime position on the south side of Bon Accord Square. The subjects benefit from a wide variety of local amenities within walking distance, including cafés, restaurants, and hotels. A broad range of retail and leisure offerings is also available on Union Street, located just 200 metres away.
Bon Accord Square itself is a vibrant mixed-use area featuring offices, residential units and serviced apartments, with current occupiers including James Milne Chartered Accountants, Blackadders, Think PR, James & George Collie Solicitors and Craibstone Suites.
The property is near to three of the city's most prestigious Grade A office buildings: Silver Fin, The Capitol and the iQ Building. A number of leading companies have office space within these buildings, including Shell, PWC, Xodus, RSM, Exceed, Flotation Energy and Spirit Energy.
Excellent public transport connectivity serves 13 Bon Accord Square. Aberdeen's main bus and railway stations are conveniently less than a 10-minute walk away. Numerous bus services run along Union Street further enhancing accessibility to the subject property.
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.
The Landlord has recently invested around £50,000 refurbishing the first and second floors, which includes boiler upgrades, the installation of a new emergency staircase as well as undertaking improvements to the lower ground floor and roofing.
The maintenance of the common areas is covered by a service charge with day-to-day management undertaken by a professional property management company appointed and overseen by the landlord. The costs incurred allocated to each tenant in line with standard practice.
Possibilities Counselling & Psychotherapy Centre comprises a prominent group of highly experienced and specialist psychotherapists (UKCP registered). They are dedicated to delivering affordable, high-quality, independent professional psychotherapy and counselling services.
The property is located in the Bon Accord and Crown Street conservation area and has a mixed use zoning in the current Local Development Plan. As the surrounding area contains a broad mix of uses including residential flats there is potential for conversion to this use, subject to size, design and configuration to maximize internal amenity.
An architect's feasibility study has been carried out to assess the potential for residential conversion and extension to the rear. Sketch layout plans, showing two options for a mix of one and two bedroom apartments (10 in total), are available upon request. Interest parties should make their own enquiries with Aberdeen City Council Planning Department.