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.
Location
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. 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. 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. 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
Accommodation
Lower Ground Floor 66.54 sq m (716 sq ft )
Ground floor 279.97 sq m (3,014 sq ft )
First floor 88.29 sq m (950 sq ft )
Second floor 79.28 sq m ( 853 sq ft )
TOTAL 514.08 sq m (5,533 sq ft )
Terms
TENURE Heritable (Scottish Equivalent of Freehold).
SERVICE CHARGE 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.
ENERGY PERFORMANCE CERTIFICATE (EPC) The subjects have an EPC rating of B.
VAT/TOGC The property has been elected for VAT and will be treated as a Transfer of Going Concern (TOGC).
DATA ROOM Access to the legal data room will be provided upon request.
ANTI-MONEY LAUNDERING To comply with the current anti-money laundering regulations the agents acting on both sides of any qualifying transaction are required to undertake appropriate due diligence in advance of the transaction, including identifying and verifying all relevant parties and establishing the source(s) and legitimacy of funding. Both parties will be required to disclose all relevant information prior to conclusion of missives required to enable the agents to meet their respective obligations under the Regulations.
PROPOSAL We are instructed to seek offers in excess of £650,000 exclusive of VAT for our client’s heritable interest, reflecting an attractive net initial yield of 12.47% effective from 2 November 2025, after deduction of purchaser’s costs at 5.03%
Specification
01. Multi-let office: Attractive period building with garage parking
02. Central location: Strategically positioned in the city centre close to Union Street
03. Spacious accommodation: Approximately 514.08 sq m (5,533 sq ft)
04. Fully tenanted: Fully let with a passing rent of £85,120 per annum
05. WAULT: 3.8 years to expiry, 3.4 years to breaks
06. Secure income: 94% of income is classified as ‘very low risk’, with 57% covered by Aon a global professional services firm
07. Development potential: Future residential redevelopment play (STP)
08. Attractive price: Offers over £650,000 invited for the heritable interest
09. Generous return: Immediate high net initial yield of 12.47%