504-506 Holburn Street, Aberdeen, Aberdeenshire, AB10 7LY
This pub has potential to become a great gathering, eating and meeting place for friends and families all year round, offers a dedicated bar and lounge area with a fantastic beer garden to the rear of the pub. we are currently considering a major refurbishment to this site with the right tenant in place.
We are looking for a tenant who can provide unrivalled Customer Service, offering Quality Products and Value for Money in this great traditional pub. There is a real opportunity to grow sales and profit now and in the years to come.
There is a main bar area with adjacent lounge bar area with a pool table in use. There is a substantial beer garden to the rear of the pub
There is no private accommodation
|Annual rent||£19,700 per annum|
|Weekly rent||£378.85 per week fixed|
£19,700 per annum, £378.85 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £23,100 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, working capital and deposit (25% of head rent, minimum £6,000). *Estimated Fixtures & Fittings Costs* these are to still be valued.
|Fixtures & fittings||£10,000||Working capital||£3,000|
|Other costs||£3,125||Total entry cost||£23,100|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
Located on the outskirts of the city centre in a fairly affluent area of Aberdeen with numerous residential properties within the pub catchment area