Detached house for sale

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Detached house for sale

Broad Street, Lyme Regis, Dorset, DT7
£750,000

Our Summary

  • Whether as a residence, business, or a investment opportunity, 57 & 58 Broad Streetoffers a rare chance to own a piece of Lyme Regis' storied past
  • Each commercial unit is presently tenanted, providing a strong and reliable income stream— making this a highly attractive investment opportunity
  • Historically, the premises comprised two separate townhouses, and subject to the necessary planning permissions there is potential to revert the building back into residential dwellings, adding further flexibility and long-term value

Description

This exceptional freehold commercial property in the heart of Lyme Regis offers a rare opportunity to own a piece of the town's rich history. The 17th-century building, with its distinctive architectural style and period features, has evolved over the centuries while preserving its original charm. The property is situated on Broad Street, the main commercial hub of Lyme Regis, and benefits from high footfall and excellent visibility. The building extends over four floors, with a fully functioning restaurant in the basement and mixed-use space above, currently tenanted and providing a strong income stream. With potential to revert the building back into residential dwellings, this property offers flexibility and long-term value. The location is ideal, with a high level of foot traffic year-round and convenient transport links to nearby towns and cities. The current rent income is circa £45,000 per annum, with the potential to increase to £60,000 with a new tenant.