Bruno’s American Diner on Lothian Road has changed hands. Christie & Co sold the restaurant within two months.
The new owners Luigi Aseni already owns Boteco de Brasil, a Brazilian themed bar and grill with outlets in Glasgow and Edinburgh.
The restaurant will be rebranded as Picollino and will serve ‘authentic Italian food’
Tony Spence, Business Agent at Christie & Co’s Edinburgh office who handled the sale comments, “Lothian Road in Edinburgh does not offer many options for authentic Italian dining and the introduction of Picollino will work well in this area of Edinburgh; which is always busy with locals and tourists.
“Currently, the market is very strong in Edinburgh. Investors are now willing to consider leaseholds because they understand that there are now limited opportunities for freeholds in the market. Depending on location and current goodwill, buyers are currently offering high premiums for the right business.”
The property was sold off of an asking price of £60,000.
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