Baroque 2/3 Drakes Way, Lyme Regis

Not Specified for sale in Lyme Regis

A excellent opportunity to acquire a thriving unique restaurant set in the heart of the popular seaside town of Lyme Regis.

Be ready for summer, act fast! The summer months in Lyme Regis are busy, busy and Baroque is no exception with an alfresco alleyway and private terrace, not to mention the bijou interior offering cool vibes for families and couples alike…

Located in the centre of the town, moments from the town centre and seafront in a pretty area, known as Drakes Way. En route to the popular Lyme Regis Brewery, Town Mill & other independent galleries & shops the restaurant benefits from an excellent footfall.


Business

The current owners have created a truly innovative business in this prime location with the introduction of the open wood fired cooking which has proven to be a great success with customers resulting in an excellent repeat trade and online reviews. The restaurant is currently listed as number one restaurant on Trip Adviser. Now an excellent opportunity for new owners to build on the already established business, currently, opening 5 evenings a week this licensed restaurant is poised for further growth under new ownership. Please note, the restaurant originally operated for many years as a popular pizzeria and the pizza oven is available should a new operator wish to acquire this equipment.

The accommodation with approximate measurements comprises

The Premises

The restaurant provides a cosy dining experience with open plan kitchen, offering a 20 cover dining area and a further 14 alfresco covers to the front and another 8 alfresco cover on the raised terrace. With excellent reviews this character property with Georgian style frontage comprises: Two entrance doors, one to kitchen and one to the restaurant leading to:

Dining Area

Laminated flooring, wall and pendant lighting, loft storage. Free standing tables with cast iron bases and chairs providing 20 covers. Through to:

Wine Store

With racking, freezer leading through to:

Cloakroom

With toilet and wash hand basin.

Commercial Kitchen

With non slip flooring, stainless steel wall shelving, extraction canopy. Comprehensively equipped with feature Brassero wood grill. Stainless steel work tables, induction plate, 2 trio microwave ovens, 2 – 2 door refrigerated counters with saladettes over, under counter refrigerator and till. Inter-connecting waitress/washing up area with stainless steel sink drainer and dishwasher. Double upright refrigerator and under counter freezer, storage racking.

Outside

Immediately to the front of the restaurant there is alfresco seating with freestanding tables and chairs providing 14 covers with a further raised seating terrace providing a further 8 covers.

Tenure

Held on the residue of a 7 year renewable lease. (5 years remaining). Current rent £200 per week (£10,400 per annum). Subject to 3 yearly rent reviews.

Rates

Currently nil after 100% business rate relief.

Price

£75,000 for the benefit of the leasehold. (5 years remaining). Goodwill, fixtures and fittings and equipment (according to the inventory plus stock at valuation).

EPC

Band D.

Important information

Property Ref: EAXML10059_12272328