Restaurant/cafe for sale in Millside, Mill Lane, Lyme Regis DT7

The property comprises ground floor commercial unit with a bay-fronted restaurant premises on one side and an adjoining bistro area with a bar on the other. There is a commercial kitchen and separate preparation room, with a fantastic ground floor terrace overlooking the square, which is used as an al-fresco dining area. The first floor apartment has a separate front door from the terrace, which has stairs giving access to a modern kitchen. The large sitting room follows, with access to a sun terrace. The apartment has a primary double bedroom with en suite facilities and views over the square, with two further bedrooms and a generous family bathroom completing the residential accommodation.

Mains electricity, main gas, mains water and mains drainage.

Dorset Council ; rv: £20,000

The Investment

The property is income-producing, having been let under a full repairing and insuring commercial lease dated 13th July 2023 for a term of 15 years. The rent payable is £25,008 per annum and is subject to upwards only market reviews every three years.

Situation

The property is situated in the heart of Lyme Regis, on the north side of Mill Lane.
Lyme Regis is a picturesque seaside resort nestling against the Dorset and Devon border. Well-known for its historic Cobb harbour, the town overlooks Lyme Bay and is located on the superb Jurassic World Heritage Site, within an Area of Outstanding Natural Beauty (aonb). It is a town for all seasons and retains a thriving community, with good shopping, an excellent cultural offering, its own brewery, a range of public houses and a vibrant food scene. There is a mainline station at nearby Axminster, offering regular services into London Waterloo, while the historic market town and antiques hub of Bridport is also easily accessible via the A35.