Guide Price £250,000

Restaurant for Sale

Name: Property Partnership
Address: 19A King Street, Richmond, Surrey, TW9 1ND, GB
Telephone: 020 8940 3020
Rating: 4.97

Mill Lane, Lyme Regis

Guide Price £250,000

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Key Features

Established Restaurant Premises
Idyllic Position Overlooking a Cobbled Square
Unique Business + Lifestyle Opportunity
Spacious Three Bedroom Flat
Heart of Lyme's Artisanal Hub

Superb Town Mill Location
2400+ Sq Ft (inc restaurant + flat)
Flexible Ground Floor Area + Terrace
Many Recent Updates + Improvements
Thriving Local Culinary Scene

Full Description

The Property Partnership are pleased to present the hugely exciting opportunity to acquire the lease on this spacious and flexible commercial/residential space in the heart of Lyme's old town, exceeding 2400 square feet and comprising the restaurant premises currently trading as the popular Millside restaurant, and a generously proportioned three bedroom flat upstairs.

1 Mill Lane is ideally located overlooking a cobbled courtyard within the Town Mill, Lyme's artisanal hub and home to a micro brewery, gallery, working water mill and various creative and independent businesses. Due to the recently expanded family of the current owners, the opportunity has now arisen for a new proprietor to build on their hard work, which saw Millside awarded a 2 AA Rosette in 2022. The personal and hands-on approach of the present owners, combined with excellent service and incredible, locally sourced seafood, has established Millside as a 'go to' for returning locals and holiday makers alike. The restaurant enjoys exceptional goodwill, and has benefited significantly from a membership initiative supported by regular clientele. The time has now come to pass on the culinary baton, providing a new lessee with the lifestyle opportunity to live and work in this idyllic setting, while benefiting from the positive momentum generated by the current owners in establishing Millside as one of the popular restaurants in a town known for the depth and quality of its food scene.

The Property
The property comprises restaurant premises to the ground floor, made up of a bay-fronted restaurant on one side, and adjoining bistro area with bar on the other. There is also a kitchen and separate prep room, with a gorgeous terrace overlooking the square, from which diners can enjoy their meal al fresco. The first floor flat is approached via a front door from the terrace, and a flight of stairs rising to a modern kitchen, which flows into a simply stunning 400 square foot sitting room, from which one can step out onto a pretty sun terrace. The flat enjoys a primary double bedroom with en suite bathroom and views over the square, two further bedroom and a good size family bathroom.

Lyme Regis
Known as the 'Pearl of Dorset', Lyme Regis is a picturesque seaside resort nestling against the Devon border. Characterised by its sweeping Cobb harbour, the town overlooks the glorious expanses of Lyme Bay, and is located on the stunning Jurassic World Heritage Site, within an Area of Outstanding Natural Beauty (AONB). Truly a town for all seasons, Lyme maintains a thriving community, with excellent shopping, a vibrant cultural offering, its own brewery, an array of inviting pubs and a nationally recognised food scene. There is a mainline station at nearby Axminster, offering regular services into London Waterloo, while the historic market town and antique/vintage hub of Bridport is also easily accessible.

Tenure: Leasehold

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