Guide Price: £40,000 plus Stock as Valued, for the lease, goodwill, fixtures and fittings
A busy Coffee Shop/Café which was refurbished and tastefully fitted out to a very high standard in 2019 (including rewiring, replumbing and a new WC) and the result has been one of the most attractive café premises in the town. Comprehensively equipped and furnished.
Although opening has been much curtailed during the pandemic, when the cafe has been trading it has been extremely busy and profitable (proof of daily takings are available) and Trip Advisor reviews are excellent. An example of the menu is attached.
Waters Edge also benefits from low costs with a rent of £6,500 per annum and, at present, 100% Business Rate Relief.
There are 13 covers inside and 4 outside plus takeaway trade.
The equipment includes a good range of fitted cupboards with worktops including a Servery Counter with a display for cakes and pastries, quality equipment comprising a 'Spiziale' coffee machine, 'Mazzer' coffee grinder, 2 microwaves, panini grill, toaster, 2 blenders for smoothies etc., ice machine, 3 fridges and a freezer, commercial under counter dishwasher, digital till etc.
The premises occupy the ground floor of a handsome period property believed to date back to the 1700's and situated in the heart of the picturesque Old Town, close to the River Lym. Coombe Street is renowned for its many character properties, interesting shops, pub and restaurants, the Town Mill tourist attraction (a working water mill with art gallery, craft units and a brewery) and Dinosaurland Museum. It is also on one of the main pedestrian routes into the town centre for both locals and visitors. The seafront is about 250 metres away.
Lyme Regis is fortunate in attracting an increasing number of visitors throughout the year, not just the summer season but throughout the year and this has been enhanced by the coastline being a designated World Heritage Site (the Jurassic Coast).
Glazed front door to:
With 13 covers, including a window seat in the bay window, display window, electric heater. Servery/display counter, fitted cupboards and worktops, hand basin, opening to:
With sink unit and cupboards, fridge and freezer and dishwasher.
Cloakroom (recently refitted)
With WC, circular hand basin, and hand dryer.
Second entrance door to front.
Gravelled al fresco seating area.
A 7 year (opted out) full repairing and insuring lease from 2019 at a rent of £6,500 per annum.
Rateable Value: £4,000
Rates Payable: At present the proprietor enjoys 100% Business Rate Relief which should be available to a new owner but please check with Dorset Council. Dorset Council, South Walks House, South Walks Road, Dorchester DT1 1UZ (01305) 251010.
We understand that all mains services except gas are connected but applicants should verify this with their own enquiries.
Strictly by appointment with the vendor's agents, Martin Diplock Estate Agents & Valuers, 36 Broad Street, Lyme Regis on (01297) 445500.