Guide price
£395,000
(£301/sq. ft)
2 bed property for saleChurch Street, Lyme Regis DT7
2 beds
2 baths
4 receptions
1,314 sq. ft
EPC Rating: D
Added on
About this property
Rare investment/home and income opportunity
Total rental income £22,200pa (5.6% gross yeild)
Attractive commercial unit
Self-contained maisonette
Spacious 1542sqft floor area (total)
Small enclosed outside area
4 Parking spaces
High profile location
Rateable value £10,250 (up to 100% relief available)
Council Tax Band C
Freehold commercial/residential investment – A self-contained ground floor commercial unit with a spacious maisonette over in the highly sought after coastal town of Lyme Regis. EPC: D
The Property
44 and 44a Church Street is a detached building comprising a self-contained ground floor commercial unit and a self-contained maisonette over, with parking, occupying a high profile location within the heart of the town centre.
The property is believed to have been built in the 1950s with brick-faced elevations and lies within the Conservation Area.
The lock-up commercial unit (44) comprises and attractive double-fronted premises with entrance hall, 2 offices, lobby, WC, inner hall, kitchen, disabled cloakroom, rear store/office
The maisonette (44a) has all modern amenities with gas-fired central heating, timber sealed unit windows, well equipped kitchen with solid wood fronted units, electric oven, electric ceramic hob, cooker hood, modern bathroom and en-suite shower room. From the second floor there are lovely distant views along the Jurassic Coast and over the town rooftops, taking in the church.
The accommodation extends
Ground floor - Hall with stairs
First floor - Landing and inner hall, living room, archway to kitchen/dining room, bedroom, bathroom
Second floor -Bedroom with en-suite shower room
Outside
Three parking spaces (two for the commercial unit and one for the maisonette), EV charger point.
The maisonette has a small enclosed outside area with timber decking and beds.
Lease And Tenancy
The commercial unit is let to Toad Hall Cottages Ltd on a new 6 year lease (commencement date 1st June 2025) with a 3 year rent review/break clause. Rent passing £12,000 pa
The maisonette is let on an Assured Shorthold Tenancy. Rent passing £850 pcm / £10,200 pa. The tenant would like to stay, otherwise vacant possession available (subject to the Renters Right Act 2026)
Situation
The property enjoys a high profile location within the heart of Lyme Regis old town, only a few minutes or so from the seafront and town centre.
Lyme Regis forms part of the stunning Jurassic World Heritage Site with a thriving town centre offering a whole variety of shopping, business, restaurants and hotels. The market town of Axminster is only 6 miles away with rail services to London Waterloo.
Services
All mains services. Gas-fired central heating to maisonette.
Broadband - Standard up to 15Mbps and Superfast up to 80Mbps.
Mobile phone service providers available are O2 and Vodafone for voice and data services inside and outside and EE and Three for voice and data services outside.
(Broadband and mobile phone information taken from Ofcom website Results are predictions and not a guarantee. Actual services available may be different from results and may be affected by network outages).
Viewings
Strictly by appointment with Stags Bridport.
Directions
From Bridport follow the A35 towards Lyme Regis. After the Charmouth Bypass take the 2nd exit to Lyme Regis. Proceed down Charmouth Road into Church Street and the property is seen on the left, a few hundred yards before the church.
What3Words: ///jetted.fellow.somewhere
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