The 524 Bar, 524 George Street, Aberdeen, Scotland, AB25 3XJ

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • Public Bar & Lounge • Free of Tie • Prominent Roadside Location • Trading Over Two Floors • Refurbishment Potential • EPC Rating G • Christie & Co Ref: 5254998

Location: • Nearest Station: Aberdeen Station • Distance to Station: 0.9 miles

Agent Information: • Address: Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

Full Description: DescriptionSituated on the corner of George Street, The 524 Bar enjoys a strategic and bustling location making it a focal point for locals and visitors alike. Aberdeen's dynamic atmosphere adds a unique charm to the property, ensuring a steady stream of foot traffic and potential customers. The established customer base provides a solid foundation for growth and expansion.LocationThe 524 Bar is prominently located on George Street, five minutes drive from the centre of Aberdeen. The property benefits from its prime position on George Street with the bustling Aberdeen City Centre a short walk away. Situated in the renowned "Granite City," the bar is surrounded by elegant grey granite buildings reflecting the city's unique architectural heritage. Its proximity to the North Sea provides a distinctive maritime atmosphere making it a captivating destination for locals and tourists alike. Aberdeen is a city in North East Scotland and is the third most populous city in the country. Aberdeen is one of Scotland's 32 local Government Council areas and has a 2020 population estimate of 198,590 for the city of Aberdeen and a population of 227,430 for the local council area, making it the United Kingdom's 39th most populous built-up area. The city of Aberdeen is 93 miles northeast of Edinburgh and 398 miles north of London. It is the northernmost major city in the United Kingdom with long sandy coastline and features an oceanic climate.Internal DetailsThe main bar is a classic traditional pub with a wooden bar and gantry. There is a generous flexible space with a pool table located to the front of the main bar area with loose furniture that can accommodate c.20 seated.The lounge has not been used to its full capacity for some time, it has its own bar and fixed seating and a small raised stage area. The space can accommodate c.40 seated customers and can be used for functions, events and other revenue streams.Customer toilets in the main bar and lounge area with a good sized beer cellar and small office located to the side of the main bar.Fixtures & FittingsAll fixtures and fittings are included in the sale apart from any items personal to our clients.The OpportunityThe freehold sale of The 524 Bar presents a rare and lucrative investment opportunity in Aberdeen's thriving hospitality sector. With the city's continuous growth and the bar's proven track record, this venture promises both immediate returns and long-term success. The bar presents the perfect opportunity for current operators to add to their portfolio, or an owner operator to enhance this business and drive it forward.The pub trades as a Free House with no brewery ties, and purchasers will be able to renegotiate supply deals.StaffStaff information will be provided on request after a formal viewing has taken place through Christie & Co.Trading InformationTrading Profit & Loss Accounts will be provided to seriously interested parties after a formal viewing has taken place.Business RatesThe Rateable Value is £10,250 with effect from 1 April 2023. Confirmation of actual business rates payable should be obtained from the local Authority.RegulatoryPremises LicenceEnergy Performance CertificatesEPC 1