Fuller, Smith & Turner P.L.C, the London Brewer and premium Pub Company, has completed the acquisition of the freehold of the iconic Windmill in Portishead, further strengthening its presence in the South West, following recent acquisitions in Bath.
Dating from the mid 19th Century, the Windmill has undergone a transformation during the past 16 years, while in the ownership of Jeffrey Churchill, a well known publican in the area. Jeff has renovated and extended the property to provide 250 internal and 200 external covers, benefitting from breath-taking, panoramic views across the Severn Estuary and Welsh coastline.
Jonathon Swaine, Managing Director of Fuller’s Inns, said: “We are very excited about the purchase of the Windmill, which will help us to continue to build our portfolio in the South West. It fits with our strategy both in terms of location and operation with high food turnover and the most fantastic vista.”
The acquisition was handled confidentially and off market, with the vendor being represented by Leisure Property Specialists Fleurets. Kevin Conibear, an Associate at Fleurets said: “Businesses of the quality and trading levels of the Windmill rarely become available. We approached a select number of parties and received superb levels of interest and bids from a number of operators. Jeff Churchill has spent the last 16 years transforming the Windmill into an outstanding business and the setting of the property is second to none, given the views it boasts. We are delighted that Fuller’s will continue Jeff’s hard work in establishing the Windmill as one of the best known licensed businesses in the region”.
About Fleurets
Fleurets is the largest firm of Chartered Surveyors in the United Kingdom exclusively specialising in the sale and valuation of hotels, restaurants, pubs and leisure property. The company offers a full portfolio of services across all areas of the leisure and hospitality sectorsFounded in 1820, Fleurets is the UK’s leading leisure property specialist where 200 years of experience meets innovation.
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