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Paolozzi Restaurant & Bar, 61 Forrest Road, Edinburgh, EH1 2QP

Offers Over
£1,100,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

Ask agent

SECTOR

Bar / nightclub for sale

Key features

  • Prime City Centre Location
  • Bar & Restaurant (c.120 covers)
  • Turnkey Condition / High Spec
  • Excellent Profitable Business
  • Fully Fitted Commercial Kitchen
  • EPC Rating E
  • Christie & Co Ref: 5255023

Description

Description

Paolozzi Restaurant & Bar is located on Forrest Road, Edinburgh, nestled in the heart of the city's vibrant Southside. This area is a lively mix of historic charm and modern energy, with its proximity to the University of Edinburgh bringing a youthful buzz to the streets. Forrest Road itself is lined with an eclectic mix of cafes, bars, and independent shops, making it a popular spot for both locals and visitors.

Just a short walk away you will find the lush greenery of The Meadows, a sprawling park perfect for a leisurely stroll or a picnic on a sunny day.

The local area is also steeped in history, with landmarks like Greyfriars Kirkyard, McEwan's Hall and the National Museum of Scotland. Whether you're looking for a cultural experience, a scenic escape, or a lively atmosphere, Southside offers a little bit of everything.

Paolozzi Bar & Restaurant fits right into this dynamic setting, blending Italian-Scottish cuisine, freshly brewed beer, and iconic artwork to create a unique experience.

Location

Forrest Road in Edinburgh is a lively and well connected street in the heart of the city, offering a mix of local shops, restaurants, and cultural attractions.

Located near the National Museum of Scotland, it provides easy access to historic sites and bustling city life.

The area is well served by public transport, with several bus routes. Additionally, trains operated by ScotRail, Avanti West Coast, Caledonian Sleeper, and CrossCountry provide convenient connection. From Edinburgh Waverley Station, visitors can reach Forrest Road in about 10 minutes by bus or two minutes by taxi.

Internal Details

Paolozzi Restaurant & Bar boasts a modern artistic interior that pays homage to the Father of Pop Art, Eduardo Paolozzi. The space is divided into three main areas, the front bar, the middle restaurant, and the rear extension, each with its own distinct character while maintaining an open yet intimate atmosphere.

The front bar is a striking feature with a sculptural design, brass detailing, and a monochromatic aesthetic that sets the tone for the venue. The middle restaurant area is bright and welcoming featuring geometric booth seating, exposed industrial pipework, and Paolozzi inspired artwork adorning the walls. The rear extension draws guests in with a rooflight and a pizza oven within the exposed kitchen to the rear of the property.

Throughout the restaurant the furniture is bespoke, blending mustard yellow stools, blue corrugated banquettes, pink velvet chairs and white marble-top tables for a stylish yet comfortable setting.

The exposed stone walls add a touch of history, while the black metal-framed structures with gold insets give the space an industrial edge. Even the old bank deposit vaults have been transformed into colourful toilets located on the ground floor.

Staff accommodations are located in the basement along with cellar and stores.

The Mezzanine level has ample storage space and houses a modern plant room.

Fixtures & Fittings

All fixtures and fittings will be included in the sale.

Any personal belongings owned by the current owners will be removed before the sale.

The Opportunity

An excellent opportunity to acquire a well performing business situated in prime central Edinburgh. The business has built a great reputation welcoming both locals and tourists, with multiple revenue streams.

Paolozzi Restaurant & Bar would be well suited to an owner operator or could compliment an existing portfolio due its high level of turnover and trading location, the property is in excellent turnkey condition with opportunity to develop or create a new concept.

Staff

Staff information will be provided to seriously interested parties.

Trading Information

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

Trading Hours

Current operating hours:

Monday - Closed

Tuesday - Thursday 5.00pm to 10.00pm

Friday - 5.00pm to 11.00pm

Saturday - 12.00pm to 11.00pm

Sunday - 12.00pm to 10.00pm

Development Potential

Opportunity to develop the existing ATM section of the property that could be used for an outside area or additional trading area.

Tenure

Our client is selling the freehold as a going concern, however the Paolozzi trading name will not be included within the heritable sale.

Business Rates

The Rateable Value as of 1 April 2023 is £55,100.

Confirmation of actual rates payable can be obtained from the local Authority.

Regulatory

Premises Licence

Energy Performance Certificates

EPC 1

Brochures

Paolozzi Restaurant & Bar, 61 Forrest Road, Edinburgh, EH1 2QP

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Edinburgh Waverley Station0.4 miles
  • Haymarket Station1.0 miles
  • Slateford Station2.4 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 5255023-fh. 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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