Restaurant premises available in Penicuik, Midlothian with 40 covers and basement kitchen
Penicuik, MidlothianEst. 14 years
- Status
FOR SALE
- Advert ID
659087
- Reference
1849 / Rightbiz
- Call Agent:
- Leasehold: Offers Invited
- Rent: £18,000 (£1,500 per month)
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Restaurant premises available with vacant possession located in Penicuik, Midlothian (ref 1849)
New lease available with vacant possession. Former ‘Giovanni’s’ Italian Restaurant/Takeaway. Full Class 3 consent. c.40 covers. Ground floor and basement. Suitable for variety of cuisines. Annual rent £18,000.
LEASEHOLD
NIL PREMIUM
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The Midlothian town of Penicuik lies approximately 9 miles south of Edinburgh close to the Edinburgh city by-pass network as well as the smaller Midlothian towns of Roslin and Loanhead. The town also lies just to the east of the A702, one of the main routes leading from the south of Edinburgh to the Scottish Borders.
Penicuik is well regarded as a prominent commuter and satellite town to Edinburgh boasting a population of circa. 16,000. This number continues to rise with the substantial house building still in progress, especially to the north-west of Penicuik town centre as well as other parts in and around the town.
This restaurant occupies a prominent roadside trading position in the heart of Penicuik’s town centre.
The business premises are very neatly presented to cater for 40 covers in an L-shaped trading space. The kitchen along with plenty storage is located in the basement. Service to dining area by way of a dumbwaiter.
Giovanni Italian Bistro had been run by the same family for over 14 years from this location and the property was sold recently when they retired. The business was very well regarded by locals as well as visitors to the area right up until they closed the doors.
The property was purchased as an investment thus is now available on a new lease basis with vacant possession. The property is offered with huge potential for new owners, it is felt that the location would suit a variety of international cuisines and trading styles.
Some photos show how the unit was set up when trading.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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