0 bedroom Catering located at Lyme Regis - Guide Price: £99,500

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Full Description:

Guide Price: £99,500

A large commercial space in a great location. Currently a very popular bakery/cafe with an excellent takeaway but ideal for a variety of uses (subject to any Local Authority/ Landlord's consent that may be required).

The property is situated in the picturesque 'Old Town' of Lyme Regis (a Conservation Area) just 150 metres from the seafront. Coombe Street features many character properties, interesting shops, the Town Mill (a working water mill and craft centre, art gallery and brewery) etc. and is extremely popular with visitors.

An increasing number of visitors are attracted to the town each year both in the peak holiday periods and throughout the year. In addition to a strong local trade, regular visitors also include day-trippers from elsewhere in Devon and Dorset and numerous holiday home owners who come here to enjoy the uniqueness of Lyme, its spectacular coastal scenery and lovely countryside.

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 BUSINESS:
The Town Mill Bakery is a unique experience which attracts not only the busy holiday traffic but also a loyal local following throughout the year.

We understand that the turnover for last year was £267,612 (forecasted to increase to £332,000 in the current financial year).

All contents are included (an inventory can be made available to seriously interested parties) with the exception of the coffee machines which we understand are currently leased. We believe however that it may be possible to purchase the machines or agree to a new lease, subject to separate negotiation.

THE LEASE:
The property is held on a 10 year renewable lease from 2018 and the current rent is £30,000 per annum.

A copy of the lease is available on request.

THE PROPERTY:


Main Commercial Space:
(currently a bakery and cafe with 60 covers) measures 49' x 27'6 (14.94m x 8.38m) max. overall (about 1,100 sq. ft./105 m. sq.)

Gas fired blower heater and 2 heavy duty extractors. In addition there is a walk in fridge (11'6 x 9'/3.51m x 2.74m) and WC.

Takeaway Serving Area:
16'3 x 10'7 (4.95m x 3.23m)
Part glazed door and display side screen.
2 serving counters.

Store:
10'7 x 20'3 (3.23m x 6.17m)

Office:
9'1 x 10'2 (2.77m x 3.10m)

Outside Courtyard:
Approx. 400 sq. ft. (37 m. sq.)
An excellent outside seating area with space for up to 60 covers, an attractive timber pergola and wooden tables and benches.

Please note: A license has been granted by the Landlord allowing the takeaway to be incorporated with the cafe/bakery by way of modifying the dividing walls to create space for more covers, subject to planning consents/building regulation approval.

RATEABLE VALUE:
Rateable Value: TBC
Rates Payable: TBC

Please note: 50% Small Business Relief may be available - applicants should check eligibility with West Dorset District Council.

SERVICES:
We understand that all mains services are connected but applicants should verify this with their own enquiries.

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:
Guide Price: £99,500
Status:
Available
Type:
Catering
Address:
The Town Mill Bakery
Coombe Street
Lyme Regis
Dorset
DT7 3PY

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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