The Peppermill Town House Hotel, Restaurant & Bar, 40 St. John's Street, Devizes, SN10 1BL

The Peppermill stands proudly on the edge of the market square. Constructed mostly of Cotswold Stone, this Grade II and II* listed property offers Georgian charm that is in keeping with its surroundings. The property comprises two buildings dating from the C15th and C16th. Offering a 'turn key' opportunity, the property and business has undergone a recent and sympathetic refurbishment which has set the building up for many years to come. The Property is arranged over three floors with the bar and restaurants on the ground floor and the function spaces and letting accommodation, comprising of sixteen letting bedrooms, above on the further floors.

Acquired by the current owner in 2012, the Property currently trades as a high-end town centre hotel and restaurant with an incredibly popular bar and events space, along with superb financials to boot. Having been awarded, and maintained, two AA rosettes for the past twelve years, the business has been growing significantly over the aforementioned years under the current owners which provides a fantastic opportunity to acquire an incredibly successful business in a thriving market town.

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The Peppermill is situated in Devizes, a popular Wiltshire market town with a vast amount of history. Known for being the home of Wadworth Brewery and the Wiltshire Museum, there are numerous other attractions in the locality which include the famous Caen Hill Locks on the Kennet and Avon Canal. The town also offers a busy commercial centre for the surrounding area, as well as being a popular place to live. Devizes offers great transport links with the M4 being approximately 15 miles away, along with several main A-roads passing through the town. Devizes also offers a reliable bus service to Swindon, Salisbury, Bath, and Chippenham where mainline train services are available to London or the South West.

Laid out across three floors with a sizeable cellar below, the ground floor briefly comprises; The Restaurant - Immaculately presented and offering two seating levels, it can accommodate circa sixty covers and can be utilised in various ways. Offering access straight onto the street, it doesn't conflict with the hotel or its guests. The restaurant has been awarded two AA rosettes and serves contemporary, locally sourced, British food which diners come back for again and again. Also on the ground floor is The Tap Bar which offers an extensive list of drinks including craft ales, which are changed on a regular basis, along with numerous wines, all sold by the glass, as well as a vast array of cocktails. The Tap Bar can also offer pizza and tapas-style food and boasts its own forty seater restaurant, separate from the main offering, which can be used for an array of other events and private functions. The Function Room is located on the first floor and accessed via stairs or an accessibility lift, with space for up to circa 75 guests. The room, which offers its own private bar, is beautiful, with an array of charming features like sash windows, wood panelling, exposed beams and wooden flooring. All public areas benefit from air conditioning.

Further on the ground floor are male and female cloakrooms, a manager's office, another private dining room, staff room, store rooms, and a sizeable commercial kitchen which offers modern, industrial appliances.

The cellar is on the lower ground floor and currently used as storage, but offers a fantastic and sizeable space for other potential uses subject to the relevant consents.

Trade fixtures and fittings are included in the freehold sale, those items personal to the current owners may be excluded. Please contact the agent for clarity.

The Property holds a licence for marriages and civil ceremonies.

The letting accommodation comprises 16 beautiful and modern ensuite bedrooms, all with their own character and features. All ensuites are fitted to an incredibly high standard with modern appliances, and some with baths in. All rooms offer TVs, Wi-Fi, tea and coffee making facilities, as well as benefitting from air conditioning.

Externally, there is a courtyard garden to the rear offering outside drinking and dining in the summer months. Secluded and sheltered, it also offers an 'outside' bar and kitchen which means customers do not have to go back into the main building to order.

This sale offers a unique opportunity to acquire a highly desirable and highly profitable turn key business in this delightful Wiltshire town. Painstakingly refurbished by the current owners, and now delivering an exceptional F&B and accommodation offering, it's a perfect opportunity for an investor, hotel, or restaurant chain or owner operator.

The business enjoyed a turnover of circa £1,100,000 for the year ending December 2023 and an EBITDA of circa £280,000. Year end 2024 accounts are being finalised.

Freehold