0 bedroom Catering located at Lyme Regis - Guide Price: £30,000

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Full Description:

Guide Price: £30,000

The Old Bonded Store Tea Room forms part of an impressive Grade II Listed character property conveniently situated at the western end of Marine Parade close to the Cobb Harbour and beaches. It has been trading as a tea room/café for many years and the current owners have successfully run it for 9 years.

Inside, the character accommodation can serve up to 18 covers with a further 4 covers within the communal entrance passageway (at the discretion of the Landlord).

This established business offers a range of morning coffees, light lunches and afternoons teas with takeaway options included. It attracts not only a loyal and returning local customer base, but also many tourists who visit the town. It also has an excellent Trip Advisor rating of 4.5 stars.

Opening hours currently vary between 10.30am 4.00pm or 10.30am 5.30pm with limited opening times during winter months however, this is by personal choice and a purchaser has the option of increasing their trading hours if they wish. The turnover for the 2016/2017 period was £59,343.

Accounts can be made available to seriously interested applicants.

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.

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 £8,340 per annum (£695 pcm) which includes contributions to the buildings insurance and fire service costs.

The new tenant is responsible for the reasonable Landlord's legal fees.

Fixtures, Fittings and Equipment:
A schedule can be prepared on request.

Business Rates:
Rateable Value: TBC
Rates Payable: TBC
Note: The new tenant may be eligible for 100% rate relief - please check with West Dorset District Council

Strictly by appointment with the vendor s agents, Martin Diplock Estate Agents & Valuers, 36 Broad Street, Lyme Regis on (01297) 445500.

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Guide Price: £30,000
The Old Bonded Store Tea Room
Marine Parade
Lyme Regis


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Contact Us

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