3 bedroom Catering located at Lyme Regis - Guide Price: £145,000

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Full Description:

Guide Price: £145,000

LEASEHOLD BUSINESS FOR SALE AS A GOING CONCERN
ATTRACTIVELY APPOINTED AND LONG ESTABLISHED RESTAURANT AND BISTRO WITH EXCELLENT 3 BEDROOMED LIVING ACCOMMODATION. PICTURESQUE RIVERSIDE LOCATION OPPOSITE THE TOWN MILL TOURIST ATTRACTION

A substantial property comprising of a restaurant and bistro on the ground floor with a spacious 3 bedroomed apartment on the first floor. This is a great place to live and work and the living accommodation is particularly impressive.

The property is situated in the picturesque old town just a few metres from the historic Town Mill complex - a project to reinstate the water mill and associated mill machinery (open to the public and attracting an increasing number of visitors each year). The remaining mill buildings were converted to a shop, galleries with regular and popular art exhibitions, 17th Century garden, pottery, microbrewery and cheese monger and craft studios. Mill Lane is part of a charming riverside walk alongside the River Lym and Leper's Well Gardens.

The main shopping street (Broad Street) and seafront are only a short level walk away. In addition to the main holiday season there are an increasing number of visitors (especially at weekends) throughout the year and this is being enhanced by the designation of the coastline as a World Heritage Site (known as the Jurassic Coast ) and Lyme Regis a Gateway Town .

The Millside Restaurant is long established with the present owners building up an excellent reputation for great food and wines. It is to be sold fully equipped as a going concern (inventory to be supplied). Accounts can be made available to seriously interested applicants having viewed the property. There is also a successful website www.themillside.co.uk and an excellent Twitter and Facebook following https:// twitter.com/TheMillside https:// www.facebook.com/themillside?fref=ts.

The turnover 2016/17 was around £235,000 (incl. VAT).

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, cinema and numerous local societies.

LOBBY:
With separate ladies and gents w.c.'s.

BISTRO : 32'6 x 10'0 (9.91m x 3.05m) plus recess:
Currently 20 covers inside and glazed 'French' doors opening to the verandah and patio providing a further 16 covers. Radiator. Oak parquet flooring. Bar.

PREPARATION /STORE ROOM : 14'3 x 12'10 (4.34m x:
Doorway to:

KITCHEN : 14'0 x 9'6 (4.27m x 2.90m):
Comprehensively equipped including commercial extraction system, 6 ring gas cooker, gas and electric ovens, gas char grill, food smoker, water bath for sous'vide cooking, commercial fridges and freezer etc. Lobby to restaurant off which is the wash-up with washing up machines etc.

THE APARTMENT:
Separate front entrance door with small lobby with stairs to first floor. Radiator.

LANDING:


OPEN PLAN KITCHEN : 14'4 x 12'6 (4.37m x 3.81m):
'Vaillant' wall mounted gas boiler providing central heating to the whole building. A range of kitchen units with tiled work tops, 1 £ bowl stainless steel sink unit, built-in oven, hob and cooker hood, radiator.Opening to:

OPEN PLAN KITCHEN : 14'4 x 12'6 (4.37m x 3.81m):


LIVING ROOM : 27'0 x 15'0 (8.23m x 4.57m):
Exposed stonework to one wall, ceiling beams, 2 radiators. Patio doors to:

SUN TERRACE : 14'0 x 12'0 (4.27m x 3.66m):
A private and sunny outdoor space.

MASTER BEDROOM : 18'7 x 12'4 (5.66m x 3.76m) ove:
Bow window and side window. Radiator. Door to Sun Terrace.

ENSUITE BATHROOM:
Radiator, tiled walls, extractor fan. White suite: panelled bath with shower screen and 'Mira' shower unit, low flush w.c. and wash basin.

BEDROOM 2 : 11'0 x 10'0 (3.35m x 3.05m):
Radiator. Intercommunicating with

BEDROOM 3 : 13'4 x 8'10 (4.06m x 2.69m):
Bow window. Radiator.

ENSUITE BATHROOM:
Panelled bath and shower unit, vanity unit with 'his and hers' hand basins, low flush w.c., spot lights, part tiled walls, radiator, shaver point.

OUTGOINGS::


BUSINESS PREMISES ::
Rateable Value £17,750. Rates payable £5,702 (2017/2018).

TENURE:
We understand that the property is held on a 15 year full repairing and insuring lease from 2010. Current rent £22,200 per annum for the business premises and living accommodation.

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Details

Price:
Guide Price: £145,000
Status:
Available
Type:
Catering
Address:
The Millside Restaurant 1
Mill Lane
Lyme Regis

DT7 3PU

Features

  • BUSINESS PREMISES:
  • Restaurant and Bistro (each with Bar Area)
  • Ladies and Gents W.C's, Kitchen, Prep. Room and Wa
  • Outside: Patio and verandah with further seating.
  • LIVING ACCOMMODATION:
  • Separate external ground floor entrance.
  • Large sitting room
  • Kitchen

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Martin Diplock Estate Agents
36 Broad Street
Lyme Regis
Dorset DT7 3QF
Call us on +44 (0) 1297 445500

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