Highworth Hotel, Bar and Restaurant, a Georgian townhouse in the Cotswolds, has gone on the market for more than £1m.
The Grade II property consists of 10 bedrooms, two function rooms, a restaurant and a newly-refurbished bar and lounge.
Overlooking Highworth’s historic high street, the venue has proved popular for weddings and corporate events and still provides a wealth of potential for prospective buyers.
The sale also offers the chance to develop an outbuilding into staff accommodation, and the option to purchase the adjacent five-bedroom house to create more letting rooms.
The hotel’s restaurant has also become a destination in its own right within the last few years, being awarded the AA 4 Silver Star and 2 AA Rosettes.
The improvements can be attributed to husband wife management team Michael and Pauline Clitheroe, who joined the hotel three years ago.
They said: “We have been able to establish a thriving business that is renowned across the region whilst also having a very strong core customer base from the market town itself. The success and growth of the business over the last three years has been exceptional in every way. The backing of the local community to allow us to take the business on and realise its potential has been wonderful and changes or upgrades to services offered have always been well received.”
Sophia Sangchi, hotel agent at Christie + Co is handling the sale. She says: “The Highworth has undergone massive transformation over the last few years with a full refurbishment and introduction of a strong management team. The business is perfectly set up for new owners to inherit a strong business growing in reputation and profitability.”
The Highworth Hotel Bar and Restaurant is being offered on a freehold basis to include fixtures and fittings for £1,100,000.