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Broad Street, Lyme Regis

£750,000
Fortnam Smith & Banwell, Lyme Regis
PROPERTY TYPE

Retail Property (high street)

SIZE

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Description

Description: Nestled in the historic heart of Lyme Regis, 57 & 58 Broad Street is a captivating 17th-century building that stands as a testament to the town's rich architectural heritage. This remarkable property is an integral part of Lyme Regis' historical fabric, reflecting the distinctive style and urban character of its era. Steeped in history, the building has evolved over the centuries, adapting to a variety of uses while carefully preserving its original charm and period features. Whether as a residence, business, or a investment opportunity, 57 & 58 Broad Street offers a rare chance to own a piece of Lyme Regis' storied past. Premises: The building extends over four floors, from basement to the second floor, offering a versatile and well-utilized commercial space. Currently, the basement operates as a fully functioning restaurant, while the upper floors are arranged for mixed use, including office space, retail, and storage. Constructed from coursed Blue Lias rubble stone with a parapet front and traditional slate roof, the property exudes architectural integrity. 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. Location: Ideally situated on Broad Street, the main thoroughfare of Lyme Regis, 57 & 58 enjoy a prominent and highly visible position in the very heart of this vibrant coastal town. Broad Street is the bustling commercial hub of Lyme Regis, lined with an eclectic mix of independent shops, cafes, galleries, and restaurants, and just a short stroll from the famous seafront and historic Cobb Harbour. This sought-after location benefits from a high level of foot traffic year-round, boosted by both locals and the steady stream of tourists drawn to Lyme Regis for its stunning Jurassic Coastline, fossil-rich beaches, and charming, historic character. Transport links connect the town to nearby Axminster (with mainline rail services to London waterloo), and regional roads provide convenient access to Exeter, Dorchester, and the surrounding Dorset countryside. This central location makes 57 & 58 Broad Street perfectly positioned for commercial success and long-term growth potential. Investment: Currently rent income circa £45,000 PA. Rents to be reviewed and in line with current market conditions estimated £60,000. The Restaurant tenant is vacating as of August 2025. Local Authority: West Dorset District Council. Rateable Value: Each office/unit has its own rateable value. Tenure: Freehold. Services: We are advised all services are mains connected. What3Words Directions: ///obstinate.hops.whispers CEPC: C

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Full Details

Broad Street, Lyme Regis

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Axminster Station4.8 miles
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About Fortnam Smith & Banwell, Lyme Regis

53 Broad Street Lyme Regis DT7 3QF
Industry affiliations:

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Disclaimer - Property reference 12668159. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fortnam Smith & Banwell, Lyme Regis. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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