Who will cut into granite city?

New owner sought for Aberdeen bar and restaurant business

The Albyn in Aberdeen
The Albyn in Aberdeen has planning consent for the creation of a 41-bedroom hotel.

OPERATORS looking for a bar and restaurant business in Aberdeen may be interested in The Albyn.

Situated on Albyn Place in the city’s west end business district, the bar and restaurant was created in the ‘substantial’ granite property over a decade ago.

The main bar and restaurant area is located at ground floor level, and is complemented by an 80-cover outdoor seating area.

The lower ground floor, which is said to be fitted out to a high standard, is currently operated as a late night entertainment venue, which also caters for private functions and events.

It represents a rare opportunity to acquire one of Aberdeen’s best known operations.

Elsewhere, the first and second floors are home to a self-contained office, totalling over 2000 sq ft.

And there’s room for further development.

Earlier this year, architects’ firm Halliday Fraser Munro is said to have secured planning permission to convert the property into a 41-bedroom hotel; the consent allows for the existing rear extension to be redeveloped to create bedrooms on two upper floors of a four-storey extension building.

Derren McRae, managing director of CBRE Aberdeen, a property consultancy firm which is marketing the property with an asking price of £2.5 million, said The Albyn represents “a rare opportunity for operators and investors to acquire one of Aberdeen’s best known quality operations with a desirable external seating area, right in the heart of the west end business district”. “There has been significant private sector investment in the surrounding area in recent years and we are witnessing a number of high profile companies locating to the new office developments nearby,” he said.