Investment Opportunity

Abergeldie Bar

504-506 Holburn Street, Aberdeen, Aberdeenshire, AB10 7LY

Pub overview

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

Trade space
Bars 1
Dining rooms 1
Food covers 50
Gardens 1
Trade kitchens 1

There is no private accommodation

Private space

Rent information

Annual rent £19,700 per annum
Weekly rent £378.85 per week fixed
Notes

£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 £21,175 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 be valued.

Brokers TBC Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £10,000 Working capital £3,000
Other costs £1,200 Total entry cost £21,175

Agreement description

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.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 151 27
2015/16 145 27
2014/15 134 373
Volume notes

Location

Located on the outskirts of the city centre in a fairly affluent area of Aberdeen with numerous residential properties within the pub catchment area

Facilities

Trade bar
Dining area
Pub garden
Trade kitchen

Current premises licence opening hours

Mon - Sat 11.00-00.00 Sun 12.30-00.00

Contact Us

Billy Guthrie

Business Development Manager

Call us today 01284 714 497

Apply online
“ This pub has so much potential, with the right tenant in place focusing on delivering great service, great beer and great food there is a real opportunity to grow sales and profit ”