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Castle Hotel, New Park Street, Devizes, SN10 1DS

£135,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Pub for sale

Key features

  • Town centre inn
  • 19 ensuite rooms over two floors
  • Net T/O YE 31/01/2025 £770,740
  • Gross Profit YE 31/01/2025 £533,263
  • Welcoming bar & restaurant/function room
  • EPC Rating C
  • Christie & Co Ref: 3451561

Description

Description

Distinctive 18th Century three storey red brick Victorian property with wooden sash casement windows, under pitched slate roofs.

Location

Devizes is an attractive and architecturally rich market town located in the central Wiltshire. Celebrated for its medieval origins and elegant Georgian buildings the town has over 500 listed buildings and a thriving Market Place which has remained central to its commercial and community life since receiving its first charter in 1141.

At the heart of its heritage is Devizes Castle, originally constructed in 1080, and the Wiltshire Museum, which houses nationally significant collections including Bronze Age gold and artefacts from the nearby Stonehenge and Avebury World Heritage Site.

The town is also renowned for its brewing legacy, with Wadworth Brewery, established in 1875, still operating in Devizes and drawing visitors keen to experience its traditional ales and brewery tours.

Devizes supports a dynamic network of independent retailers, hospitality venues, and professional services, offering a distinctive and diverse commercial environment.

Devizes is well-connected via the A360, A342, and A361, providing direct routes to Salisbury, Chippenham, Swindon and the national motorway network, supporting both commuter and commercial traffic.

While Devizes does not have its own railway station, it is served by nearby stations at Chippenham, Pewsey, and Trowbridge, all within approximately 10 miles, offering regular services to London, Bath, Bristol, and beyond.

Internal Details

Lower Ground Floor

Beer Cellar
Bottle Store

Ground Floor

Reception Area
Bar (c. 35 covers)
Restaurant/Function Space (c. 50 formal covers; c. 70 covers buffet-style)
Commercial Kitchen
Office
Laundry Room
Staff Room
Storage
Internal Courtyard
Bike Store
Customer WCs

Fixtures & Fittings

Our clients advise that all trade fixtures and fittings are included in the sale and will be free from loan, lease and hire purchase agreements

Letting Accommodation

The property offers a total of 19 ensuite letting bedrooms on the first and second floors:

First Floor:
3 Superior Double Rooms
3 Family Rooms
4 Single Rooms
3 Double Rooms
3 Twin/Double Rooms

Second Floor:
1 Double Room
1 Twin Room
1 Compact Single (for letting or staff accommodation)

External Details

The small integrated car park currently reserved for accessible customers and staff.

There is also a public car park opposite the property where it is currently free to park between 6.00pm and 8.00am, although buyers must make their own investigations to confirm ongoing tariffs at this car park.

Owner's Accommodation

Second floor flat comprising kitchen, lounge, two bedrooms and a bathroom.

Staff

A full staff list will be provided in due course.

Trading Hours

The current trading hours are:

Bar:
Monday - Thursday: 11:00 am - 10:30 pm
Friday & Saturday: 11:00 am - 11:00 pm
Sunday: 11:00 am - 10:00 pm

Lunch:
Tuesday - Saturday: 12:00 pm - 2:00 pm
Sunday: 12:00 pm - 6:00 pm

Dinner:
Monday - Thursday: 5:30 pm - 9:00 pm
Friday & Saturday: 5:30 pm - 9:30 pm
Sunday: 12:00 pm - 6:00 pm

Tenure

Lease: 25 years granted in February 2012 (c. 13 years left).

Rent: £43,046 subject to annual RPI increases.

Freeholder: Wadworth Brewery.

Drinks tie: Full tie on all wet products.

Other: Repair liability for the roof is excluded from the lease.

Business Rates

Rateable Value effective from 1st April 2023: £22,500.

Interested parties can obtain the latest rating information about this property by visiting or contacting the relevant local authority.

Regulatory

Premises licence.

Brochures

Castle Hotel, New Park Street, Devizes, SN10 1DS

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Melksham Station6.8 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 3451561-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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