A WILTSHIRE town centre hotel with a restaurant, function rooms and a wine bar is going on the market for £1.8 million.
The Peppermill in Devizes is being brought to the market by the hotels team at real estate services and investment management company Colliers.
The 16-bedroom hotel has a five-star rating by the AA, while its associated 68-cover restaurant has two AA Rosettes.
Bought by Philip and Amanda O’Shea in 2012, the property has been refurbished and upgraded in recent years and has been brought to the market ahead of the pair’s retirement.
The hotel boasts a dedicated wine bar space which accommodates 40 seats and has its own pizza and tapas-style food offering at weekends as well as an airy function room which can accommodate up to 60 seated.
Outside, there is a courtyard which can host the same number of people.
The property is licensed to host weddings and civil ceremonies on site and has a honeymoon suite complete with a four-poster bed.
The business generates an annual turnover in excess of £1 million.
Philip said: “We purchased the property 12 years ago and have thrown our heart and soul into building it into the business that it now is.
“We’re really proud that we’ve been able to expand by adding more letting accommodation as well as establishing our own wine bar and award-winning restaurant and creating a function room space for guests to celebrate the major events in their life.
“Having worked hard to achieve all this, we now know that this is the right time for us to retire.
“We’re hoping we can pass on our local, successful business to someone who has the same passion and dedication for hospitality and will become part of the community of Devizes.”
Ed Jefferson from Colliers’ hotels team added: “The Peppermill is in really great shape, having undergone a recent high-quality refurbishment which includes attractive food and beverage spaces, with a locally-sourced restaurant menu, as well as modern facilities such as air conditioning in each of the letting rooms and the events space.
“It’s no surprise the business is considered the town’s premier hospitality destination thanks to the high calibre of offering established by the O’Sheas.
“Its ideal location in the town centre cements the expectation that the business will continue its strong trading under new stewardship.”
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