Commercial property for sale in Edinburgh

DescriptionPaolozzi 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. LocationForrest 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 DetailsPaolozzi Bar & Restaurant 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 & FittingsAll fixtures and fittings will be included in the sale. Any personal belongings owned by the current owners will be removed before the sale. The OpportunityAn 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 Bar & Kitchen 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. StaffStaff information will be provided to seriously interested parties. Trading InformationTrading Profit & Loss Accounts will be provided to seriously interested parties after a formal viewing has taken place. Trading HoursCurrent 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 PotentialOpportunity to develop the existing ATM section of the property that could be used for an outside area or additional trading area. TenureOur client is selling the freehold as a going concern, however the Paolozzi trading name will not be included within the heritable sale. Business RatesThe Rateable Value as of 1 April 2023 is £55,100. Confirmation of actual rates payable can be obtained from the local Authority. RegulatoryPremises Licence Energy Performance Certificates EPC 1

Commercial property for sale in Edinburgh, Scotland

Bar / nightclub for sale

Description

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