Restaurant/cafe for sale in Broad Street, Lyme Regis DT7

Guide price £25,000
Restaurant/cafe for sale
Interested in this property? Call +44 1297 441051 * or Request Details

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Property description

Guide Price: £25,000

Penny Black was established about 9 years ago in the former Sorting Office of Lyme Regis Post Office in the heart of Lyme Regis. There is lots of character enhanced by a vintage theme and a sunny walled courtyard with outside seating for 31. Inside there are 23 covers.

The business has been a great success not only attracting a regular and loyal local trade throughout the year but also many visitors to the town. It offers good quality, reasonably priced home cooked food ranging from breakfasts, light lunches, cakes and snacks and afternoon teas and quality coffees. Opening hours are 9.00am - 5.30pm, closed on Sundays.

Accounts can be made available to seriously interested applicants. Turnover for 2018/19 was around £76,500.

The cafe is part of the Post Office complex with the busy Post Office counter and stationer at the front and adjacent walk through sales of curios, collectables, fossils, garden ornaments etc. Both provide useful footfall for Penny Black.

Lyme Regis is a picturesque coastal town noted for its many character buildings, centuries old Cobb Harbour and unspoilt surrounding countryside. The town centre provides good shopping facilities for day to day needs and the larger centres of Taunton and Exeter are both about 28 miles away. There is a main line railway station at Axminster (6 miles inland). In Lyme Regis there is also a sailing club, bowls, golf course, theatre and numerous local societies.

The town is situated on the beautiful and unspoilt Devon and Dorset ‘Jurassic Coast’ awarded World Heritage Site status by unesco in December 2001.

The Lease

We understand the Landlord will grant a new rolling annual lease up to 4 years (opted out i.e. Not automatically renewable) subject to a 6 month break clause.
The net rent will be £10,378.92 per annum (£864.91 pcm) plus contributions to the buildings insurance and fire service costs.
The new Tenant is responsible for the reasonable Landlord's legal fees.
The Landlord will be pleased to meet prospective tenants to answer any questions they may have.

Fixtures, Fittings And Equipment

A schedule is available on request.

Local Authority

Dorset Council, South Walks House, South Walks Road, Dorchester DT1 1UZ

Business Rates

Rateable Value: £7,400
Rates Payable: To Be Confirmed
Note: The new tenant may be eligible for 100% rate relief - please check with Dorset Council.


Strictly by appointment with the vendor’s agents, Martin Diplock Estate Agents & Valuers, 36 Broad Street, Lyme Regis on .

Property info

4202 Penny Black Broad St Lyme Regis.Jpg View original

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For more information about this property, please contact
Martin Diplock, DT7 on +44 1297 441051 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Martin Diplock, and do not constitute property particulars. Please contact Martin Diplock for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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