THE heritable office at 1-3 Albyn Terrace is being offered at the latest Acuitus auction with a guide price of £1.6m.
Located in Aberdeen’s West End, the recently refurbished premises comprises of three interlinked terraced buildings with accommodation arranged over four floors, together with a secure private car park and garages. The 11,638 sq ft property is multi let to a number of office tenants, producing an annual rental income of £198,730.
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Several other investments in Aberdeen can be found in the September Acuitus catalogue
- 15 Golden Square, Aberdeen – guide price £250,000. Currently vacant possession with redevelopment potential.
- 35 York Place, Aberdeen – guide price £250,000. Let until February 2026, generating £70,000 per annum.
- 3 Queens Terrace – guide price £395,000. Heritable office building, currently vacant possession with development potential, subject to planning.
- 1 Alford Place and 2 to 10 Holburn Street – guide price £250,000. Upper floors, short term tenant with planning consent for change of use to nine residential units.
Mhairi Archibald of Acuitus comments: “These assets all indicate that the Aberdeen commercial property market is beginning to move again, with a number of commercial offices being offered to the market. As has been seen more broadly across the sector, assets which have been modernised or offer strong residential conversion potential will both attract investor interest.”
The Acuitus auction will take place on September 25th at 1pm and will be broadcast via livestream on the Acuitus website with bidding online, by telephone and by proxy.
