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5 bed terraced house
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Price History
Our Summary
- A superb investment opportunity in central Lyme Regis town centre close to the beach
- Planning permission was granted in 2022 to convert the upper floors into two separate 2-bedroom apartments with separate entrances
- These works were not carried out at the time, but offer the potential to further enhance income possibilities by re-submitting plans if desired
- Equally there may be further opportunity to divide the whole budling into three separate apartments subject to planning and listed building consent
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Description
This historic property in central Lyme Regis town centre offers a unique investment opportunity. The property, formerly a successful Italian restaurant, features a four-bedroom maisonette above and a detached single-storey annex in the garden, both used as holiday lets. The ground floor restaurant has a full commercial kitchen and access to a rear courtyard and gardens, while the maisonette is split over two floors with four bedrooms and two bathrooms.
Planning permission was granted to convert the upper floors into two separate apartments, offering potential for further income. The property retains many period features and is situated in the heart of the old town, within walking distance to the seafront and town centre shops. The enclosed rear gardens have been fully landscaped, and a pedestrian gate leads to a private parking space behind.