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Largigi Rooms, Coombe Street, Lyme Regis

10 beds | Guide price £995,000


AN EXCELLENT INVESTMENT OPPORTUNITY.
Delightful location in the picturesque Old Town close to shops and seafront.

DESCRIPTION:
The Largigi Rooms, constructed in 2017, comprises 10 ensuite hotel bedrooms. 5 Bedrooms are doubles and 5 have the additional feature of a mezzanine bed space as well. Unique to central Lyme there is secure garage parking for 6 cars.

SITUATION:
This is a delightful location in the picturesque 'Old Town' just a short level walk from the seafront (Marine Parade) and the main shopping street (Broad Street). Coombe Street has some of Lyme's oldest buildings including pretty character cottages and period houses, restaurants and independent shops and, the historic Town Mill complex (with a working water wheel, museum, cafe and microbrewery, arts and crafts workshops etc.).

Lyme Regis is an unspoilt 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 FEATURES:
- Each room is fully furnished and equipped.
- WiFi to all rooms.
- HD TV's, kettle and mini-fridge.
- Gas Central Heating.
- Passenger lift from ground to first floor.
- Keyless Access - All doors are accessed via a code. A unique code is used for each room which gives access to the main entrance door, room door and garage entrance.
- Parking - 6 Allocated parking spaces in a secure garage.
- PV Panels - The property has a large bank of PV panels which assist with running costs.

PLANNING CONDITIONS:
The planning consent (Application No. 1/D/13/001088) includes the following conditions:
- The property shall be used as hotel bedrooms for holiday purposes only and shall not be used as self-contained dwellings, nor as the sole or main residence of any person.
- A register of all persons occupying the holiday accommodation hereby approved shall be kept by, or on behalf of, the owner/owners of the holiday accommodation. The said register shall be made available for inspection during all reasonable hours at the request of a duly authorised officer of the local planning authority, for such time as the development continues to be used as holiday accommodation.

Note: The Vendors are retaining 4 parking spaces and storage to be held on a 999 year lease. The purchaser will acquire the freehold interest.

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