Iconic leisure destination in Devon seeks new owner
Specialist business property adviser, Christie & Co has brought to the market Bickleigh Mill, an iconic West Country leisure destination with a restaurant and shop, situated in the Devon village of Bickleigh, near Tiverton.
Set within seven acres of land alongside the River Exe and a number of other waterways, the business occupies the Old Mill House, a beautiful late 18th century working water mill which has been sympathetically extended. The restaurant is situated on the ground floor and comprises two main trading areas with seating for approximately 90 covers, in addition to an attractive terrace for a further 40 covers. Benefitting from loyal, local lunchtime trade, the restaurant also offers a dinner service from Friday to Saturday and hosts a number of themed events, such as Taste of the Riviera and South American Night. The venue is also popular for Christmas parties and private functions.
The shop is arranged across the ground, first and second floors of the property and offers a range of gifts, jewellery, accessories, kitchen and homeware. The business also operates an online store, which can be purchased through separate negotiations.
Bickleigh Mill benefits from strong trade year round, especially during holiday periods, and presents exciting opportunities for a new owner to develop the business further and increase trade. The extensive grounds and mill lends itself to being a desirable destination for a wedding venue and the seven acre site offers scope to develop glamping facilities, holiday cottages, crazy golf or a number of other leisure facilities, subject to necessary consents. The site’s access to the River Exe could also be utilised to introduce outdoor activities, such as canoeing.
Additionally, the owners are currently building an apartment to the rear of the property for use as owner or manager accommodation, which will include two double bedrooms, a kitchen, dining area and living space.
William Trott, Business Agent at Christie & Co is handling the sale and comments, “The unique set up of Bickleigh Mill, its charming exterior and enviable trading position will undoubtedly attract operators and investors across the retail, hospitality, and leisure, as well as food and drink, industries.”
Christie & Co is seeking an asking price of £985,000 for the freehold interest of Bickleigh Mill.