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Mexican themed restaurant, Pancho Villa’s, in Edinburgh’s bustling Old Town, has been sold through specialist business property adviser, Christie & Co to an experienced local operator.

The previous owners had run the authentic Mexican restaurant for over 30 years, building up an excellent reputation for providing high quality food and drink with a lively atmosphere. They decided to sell the lease for the popular restaurant in order to retire.

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Pancho Villa’s

New owner Ruori Stewart, who also owns The Apartment restaurant at Barclay Place, purchased the new lease and plans to trade the restaurant as the apartment pop-up until the property undergoes refurbishment to prepare for a new and unique concept.

Tony Spence, Business Agent at Christie & Co’s Edinburgh office who handled the sale comments, “Pancho Villa’s generated a good amount of interest from the outset and an experienced tenant was secured after a quick closing date was set. 

“The market remains interesting with commercial properties continuing to attract interest from investors, experienced multiple operators and first-time buyers.”

Pancho Villa’s sold for over the asking price of £100,000 for the leasehold going concern.