Brewdog Aberdeen Ltd, Union Street, Aberdeen, Aberdeen City

LOCATION
Whilst Aberdeen remains the energy capital of Europe, the city is now reflecting a greater emphasis on renewable energy and has become a hub for visual innovation. Aberdeen’s fishing industry remains an important part of the local economy. Aberdeen & Grampian Chamber of Commerce have reported £30 billion of potential investment in the local economy over the next decade in energy, transport, property, health, and education. The investment is expected to lead to significant job creation and development.

The former BrewDog has a prime trading location at the connection of Shiprow, known as “Shiprow Village,” to Union Street/Castlegate at the heart of the city centre. This is a prominent, highly visible, corner unit at the heart of the city centre.

DESCRIPTION
The building itself dates from 1820 and is known as the Athenaeum Building. The subjects are formed within the ground floor and basement of the four-storey property, and the upper floors are in use as an aparthotel/service accommodation, providing valuable additional custom to the subject property.

ACCOMMODATION
The estimated Gross Internal Floor Area is as follows:

ACCOMMODATION SQ. M. SQ. FT
Ground Floor 272.81 2,935
Basement 267.84 2,882
TOTAL GIA 540.65 5,817
GROUND FLOOR
Spacious and bright open plan bar area, with an internal staircase leading down to the basement floor. We estimate the bar has a seating capacity for approximately 115 persons. Back of house areas include a commercial kitchen, ladies, gentlemen’s, accessible toilets, and storage/office area.

BASEMENT FLOOR
There is a valuable basement floor area, which unusually has some natural light with lightwells off Union Street. The basement serves as a function/events space, ideal for live music and club nights. There is seating for approximately 100 persons. The basement accommodates the cellarage and storage, along with separate ladies and gentlemen’s toilets.

RATEABLE VALUE
The subjects are entered into the valuation role with a Rateable Value of £98,000 from 1st April 2026. As this is below £110,000 certain occupiers may benefit from a 40% discount in rates payable as part of government assistance to the hospitality sector. A new occupier has the right to appeal the Rateable Value.

SERVICES
We understand the property is connected to all mains services. We understand there is a central heating system within the property.

PREMISES LICENCE
We understand the premises licence will be available to an incoming tenant.

THE OPPORTUNITY
The former BrewDog has been a popular venue within Aberdeen city centre for many years. However, the property has also been in licensed use for many years, being part of the Athenaeum Building. With the increased popularity of Shiprow as a licensed destination venue, it remains a popular prominent unit.

We have on file historic trading information for the years 2022 and 2023 as follows:

SALES (excl. VAT) 2022 2023
Wet Sales £784,815 £744,6353
Food Sales £686,259 £592,362
Neither the joint letting agents nor our clients warrant or verify the trading information which was supplied to us by the tenant as being accurate.

The property is undoubtedly suitable as a craft beer focused public house, with the significant added advantage of a live music/entertainment basement area. The premises are also suitable for branded or un-branded restaurant use with a themed operation.

EPC
The property has an EPC rating of G, and a copy of the EPC is available on request.

LEASE PRICE & RENTAL
The property is offered on a new long-term, full repairing and insuring lease, at a guide rent of £59,950 per annum. The lease will be on a tenant full repairing and insuring basis and includes rent reviews at 5 yearly intervals for a period of 10 to 15 years. Premium offers are sought for a new lease, to include all tenant fixtures, fittings, furnishings, and equipment.