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Piccolino Edinburgh, 103 High Riggs, Edinburgh, EH3 9RP

£150,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
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SECTOR

Restaurant for sale

Key features

  • 40 Cover Restaurant
  • Prominent City Centre Location
  • Close to Kings Theatre & Lothian Road
  • Tourist & Student Location
  • Trading as an Italian Restaurant
  • EPC Rating E
  • Christie & Co Ref: 5265440

Description

Description

Piccolino Edinburgh is an Italian restaurant with a prominent city centre location being positioned opposite The Princess Exchange Building on Lothian Road which hosts 2,000 staff from various businesses such as Bank of Scotland, Turcan Connell and Pinsent Masons. There is a clear opportunity for an existing restaurateur, café / bistro operator to continue the current offering or change to attract more takeaway trade.

The surrounding area is synonymous with a wide range of quality licensed businesses along with a wide selection of other catering and retail offerings.

Location

Piccolino Edinburgh is a must-visit Italian restaurant located in the heart of Edinburgh's Old Town. Edinburgh, the capital city of Scotland, attracts tourists from all over the world and hosts a population of 500,000.

Piccolino is situated at the top of Lothian Road in the centre of Edinburgh, approximately a five minute walk from the King’s Theatre, Meadows and local Universities.

Waverley Station is around a mile from the property providing easy links to Glasgow, Stirling, Aberdeen and Inverness as well as south to Newcastle, Manchester and London. Edinburgh City Centre is only a short 30 minute bus or tram ride from Edinburgh International Airport.

Internal Details

The property can be accessed from the main street or side, which leads directly to the business offering 40 spacious covers situated around a stone wall feature. Adjacent to the main seating area is a small bar serving draught beers, wines and spirits.

The kitchen is located at the back of the restaurant and offers comfortable space for chefs to work in. Following on from the kitchen are ladies and gents WC's with disabled access also granted in the ladies.
There is ample storage space located to the side of the kitchen with sufficient fridge space.

Fixtures & Fittings

All fixtures and fittings required for the operation of the business will be included within the sale, apart from any leased or personal items.

External Details

There is additional outside seating for c.30 covers, partially covered by a retractable awning.

The Opportunity

This fully licensed restaurant is currently operating as an Italian pasta restaurant. The business has been operated by the current owner for seven years who intends to exit to concentrate on other business interests.

The restaurant has always offered a high and consistent level of quality service to its customers due to its prominent location. The restaurant gains business from diners that are visiting the local King’s Theatre or staying at one of the three hotels located directly behind the building.

Trading Information

Trading Profit & Loss Accounts will be provided to seriously interested parties after a formal viewing.

Trading Hours

Monday to Sunday
11.00am - 10.00pm

Tenure

Leasehold at an asking price of offers over £150,000 with an annual rent of £18,500.

Business Rates

The Rateable Value as of 1 April 2023 is £18,800. Confirmation of actual rates payable can be obtained from the local Authority.

Regulatory

Premises Licence

Energy Performance Certificates

EPC 1

Brochures

Piccolino Edinburgh, 103 High Riggs, Edinburgh, EH3 9RP

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Haymarket Station0.6 miles
  • Edinburgh Waverley Station0.7 miles
  • Slateford Station2.0 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 5265440-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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