An historic and award-winning Devon hotel has been sold after going on the market for £2.1m.
specialist business property adviser Christie & Co has arranged the sale of Mill End Hotel, situated in Dartmoor National Park close to the town of Chagford, which was constructed in the late 18th Century and originally used as a mill.
The recently renovated property is set within its own landscaped grounds, tucked away on the banks of the River Teign, and comprises 21 en suite bedrooms arranged over three floors, as well as a restaurant, lounge and snug.
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Under the ownership of Nick and Tara Culverhouse, who acquired the hotel freehold through Christie & Co in 2015, when it had a guide price of £1.5m, the hotel has won a number of accolades, including 2 AA Rosettes for the restaurant and the South West England Prestige Awards’ Boutique Hotel of the Year for Devon for two years running since 2020.
And it has even just been named Our Customer’s Favourite by dog-friendly holiday company PetsPyjamas in its Dog-Friendly Travel Awards,
Having already sold their other hotel, The Fox & Hounds Hotel, in Eggesford, from an asking price of £1.5m, via Christie & Co earlier in 2021, Mr and Mrs Culverhouse decided to put Mill End Hotel on the market so they could begin a new business challenge.
The hotel has been purchased by Alex Horsfall, an experienced operator who already owns The Valley, situated between Truro and Falmouth in Cornwall.
Mr and Mrs Culverhouse said: “We have had a fantastic few years at Mill End and really enjoyed owning this wonderful property. We are delighted to pass it on to Alex and are very confident that he will take the business onto the next level.”
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Mr Horsfall said: “After a year of looking for new opportunities and nothing quite coming off, we were delighted to find Mill End Hotel, which not only ticked all our boxes from a business perspective but also stole our hearts with its stunning location and beautiful ambience. We’re extremely excited to build on what Nick and Tara have already built and take Mill End Hotel from strength to strength.”
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Stephen Champion, director at Christie & Co, who handled the sale, said: “Mill End is a gem of a hotel nestled away in the stunning Dartmoor countryside, so it’s hardly surprising that the hotel received offers from multiple parties when it came to the market confidentially earlier this year.
“It was a pleasure acting for Nick and Tara Culverhouse on the sale of both Mill End Hotel and the Fox & Hounds Hotel, which also transacted at the beginning of the year. We expect Alex Horsfall’s extensive experience in the sector to stand him in good stead to take Mill End Hotel forward and we wish him every success in the future.”