The subject property comprises a compact, wet-led, traditional public house with a single bar servery, open plan drinking area with a section of fixed seating. The cellar and refrigerated beer and spirits store are located at basement level and are accessed from behind the bar servery. . The Bridge Bar is an extremely well presented property and has been maintained and decorated to a high standard.
Location
The subject property is situated in the centre of Aberdeen which has a population of 198,590, (2020) on Bridge Street, close to the junction with Union Street. The Bridge Bar has excellent main road frontage with high levels of pedestrian footfall as Bridge Street is a main thoroughfare in Aberdeen city centre, connecting Union Street with Aberdeen train and bus stations and also Union Square Shopping Centre.
The Bridge Bar is situated in close proximity to Aberdeen's premier city centre licensed circuit and is also close to the Music Hall, a historic 1,300 capacity entertainment venue on Union Street which is used for concerts, comedy, variety, events, etc.
Accommodation
THE OPPORTUNITY The Bridge Bar is one of Aberdeen’s most established public houses and is only available for sale due to the retirement of the owner, Mr Colin Cameron, after more than 20 years at the helm. Offers in the region of £450,000 will be considered to purchase the outright ownership interest in the Bridge Bar.
Terms
EPC The EPC rating is G. A copy of the certificate is available upon request. We consider that with the prudent extension of the range of beer and spirits currently available for sale and with a new operator opening the subject property for the full licencing hours available, there is a very good potential to increase turnover beyond reported levels. The property is a free house and is completely free of any tie to a brewer. Barrelage is significant with current MAT showing annual barrelage to be in excess of 230 barrels (36 gallon) per annum.
RATEABLE VALUE The subjects are currently entered into the Assessor’s Valuation Roll as having a Rateable Value of £25,000. The current UBR (2024/2025) for properties with a Rateable Value under £51,000 is £0.498p.
VAT Unless otherwise stated, all prices, premiums and rents are quoted exclusive of value added tax (VAT). Any intending tenants must satisfy themselves independently as to the incidents of VAT and respect of any transaction.
LEGAL COSTS Each party will be responsible for their own legal cost with the ingoing tenant being responsible for any Land and Buildings Transaction Tax (LBTT), recording, dues, and VAT as applicable
Specification
- FREE OF TIE HIGH BARRELAGE
- EXCELLENT NET PROFIT
- POTENTIAL OFFERS IN THE REGION OF £450,000
- FOR THE OUTRIGHT OWNERSHIP INTEREST.