0 bedroom Retail located at Lyme Regis - To Let: £8,200 per annum

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Full Description:

To Let: £8,200 per annum

A charming lock up shop forming part of an established retail enclave in Lyme Regis, moments away from the main shopping street and seafront.

The premises are available to let as a vacant shop.

Lyme Regis is a thriving and picturesque coastal town noted for its unspoilt character, charming seafront and the famous centuries old Cobb Harbour. An increasing number of visitors are attracted to the town each year, both in the peak Summer season and throughout the remainder of the year. Regular visitors also include day-trippers from elsewhere in East Devon and West Dorset, and also numerous holiday home owners who come here to escape the 'rat race' and enjoy the uniqueness of Lyme, its spectacular coastal scenery and lovely surrounding countryside.

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 SHOP:
Lock up shop premises comprising

Ground Floor Retail Area:
16'2 x 12'10 (4.92m x 3.91m) overall

With half glazed door and attractive small paned display bay window. 'Vintage' style interior with part timber cladding, timber flooring, stainless steel sink, recess with shelving, stairs to first floor.

First Floor Retail Area/Office:
13'6 x 7'4 (4.11m x 2.24m) (excluding stairwell and WC)

Velux roof light and front window. Small kitchenette and WC off.

THE LOCATION:
Drakes Way is a picturesque and bustling small retail precinct of character properties located off the town's main shopping street (Broad Street) about 150 metres from the beach and seafront. It is also a busy thoroughfare through to a walkway and footbridge over the River Lim linking Bridge Street and the Town Mill/Old Town.

THE LEASE:
We understand that the landlord will grant a new 7 year lease to the purchaser. It will be on full repairing and insuring terms with 3 year rent reviews at a rental of £8,200 per annum. It will be 'opted out' of the security of tenure provisions of the 1954 Act.
The purchaser is responsible for the landlords legal costs for preparation of the new lease.
Ingoing: £15,000

RATEABLE VALUE:
Rateable Value: £4,450
Rates Payable: £2,136 (as at August 2018)

Note: with current reliefs available the present tenant is not liable to pay rates for these premises. Applicants should make enquiries of the Local Authority to ascertain if they would qualify for 100% relief.

VIEWING:
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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Details

Price:
To Let: £8,200 per annum
Status:
Available
Type:
Retail
Address:
1
Drakes Way
Lyme Regis
Dorset
DT7 3QP

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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