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Property Listing Details

Property details

  • Floor area 1,647 sq. ft

Listing view statistics

Last 30 days: 46 page views

Since listed: 46 page views

Description

Business for sale/leasehold premises


28-yr old vintage Italian Restaurant in prime city centre location catering for up to 75 covers (nia c153 sq. M). Full Premises Licence/Class 3 Consent. Residue of 15-year lease/passing rent £49,000 p.a. Corner site with strong visibility. EPC energy rating G.

First time in nearly 30 years to operate from this popular City Centre site. A strong trading location adjacent to the hsbc bank on Hanover Street and sitting in a highly visible corner location, fronting on to Hanover Street and with side entrance also on to Thistle Street.

The business has been operated by our clients since 1990 and is an out and out traditional Italian family run restaurant and is one of the few remaining Italian owned and operated businesses in Edinburgh.

With an unashamedly good Pizza and Pasta offering the business has enjoyed a long-standing relationship with the Edinburgh citizens and tourists alike, consistent in its offering, its welcome and of course its standard of cuisine.

Its central location has been a driver for business and it offers the opportunity for either an existing or new Italian operator to take over the reputation, re-invest and move to another trading level or for a new operator to take full advantage of the trading location with a new venture and prominent positioning of their brand on one of Edinburghs most popular dining locations in the city centre.

Currently trading 5 days from 12noon til 2:00pm then 5:00pm til 10:30pm although it should be noted that the Premises licence allows for 7 day opening from 12 noon to 1am daily.

Leasehold. The current lease operates on the residue of a lease term to 21 January 2029 with a passing rent of £49,000 per annum. It should be noted that prospective tenants will be asked to prepare information for landlord consent and approval process at time of any offer and we will ask prior to viewing for the detail you will be able to provide. It would be advisable if this was to include CV/background, details of business currently or previously owned and other relevant information including trade, accountant and landlord references.

Map & Nearby

Local Amenities

  • Edinburgh 0.4 miles
  • Haymarket 1 miles
  • Basil Paterson School Middle School S3 S4 0.2 miles
  • Basil Paterson School Upper School S5 S6 0.3 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Edinburgh 0.4 miles
  • Haymarket 1 miles
  • Basil Paterson School Middle School S3 S4 0.2 miles
  • Basil Paterson School Upper School S5 S6 0.3 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Cornerstone Business Agents. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Cornerstone Business Agents for full details and further information.