37 Broad Street, Lyme Regis

Guide price £25,000


Leasehold Business For Sale: £25,000

Martin Diplock Chartered Surveyors & Estate Agents - Commercial Property

Description:
The Post Office enjoys a prominent location in Lyme's principal shopping street just a short walk to the seafront and within easy access of the town centre amenities.

It occupies the main front section on the ground floor of an imposing 3-storey building with a 'Georgian' style facade part clad in dressed stone.

To the rear in the former Sorting Office is a popular cafe with a courtyard garden and sale of interesting bric-a-brac, vintage and curios - these businesses are separately owned and have their own side access in addition to useful direct footfall between them and the Post Office.

Please Note:
The three retail units behind the Post Office in the Old Sorting Office (including Penny Black Cafe) can also be available by separate negotiation and this would create one of the largest retail spaces in Broad Street.

The Business:
This is a purpose built Post Office building which it is probably the longest established business in Lyme Regis. There is a strong local clientelle enhanced by the many visitors to the town (throughout the year these days). In addition to the Post Office is the sale of stationery, books and cards.

If a purchaser had an alternative use for the extensive retailing space then there is a great deal of scope (Landlord's consent would be required and it should not compete with the 2 businesses in the former Sorting Office).

The current turnover is approaching £75,000 p.a. (just below the VAT threshold).

The Lease:
The property is held on a new 5 year lease from 2020 at a rental of £14,950 p.a.

The Accommodation:
Front door from Broad Street to

Entrance Lobby
With door to

The Shop
About 26'6 x 26'6 (8.08m x 8.08m) overall
Including Post Office counter, small offices and good sized retail area with display shelving and extensive card displays.
Door to Kitchenette with stainless steel sink and cupboards and further door to WC with hand basin.

Local Authority:
Dorset Council, South Walks House, South Walks Road, Dorchester DT1 1UZ
(01305) 251010

Rateable Value: £12,500
Note: up to 100% rate relief may be available. Please make enquiries of Dorset Council.

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

Read more