This historic Grade II listed property, steeped in ecclesiastical heritage dating back to the late 17th century, presents a unique investment opportunity in the heart of Lyme Regis. Originally a flourishing Italian restaurant that has been under one family ownership for three decades, it includes a spacious four-bedroom maisonette above as well as a self-contained single-storey annex in the garden, both historically run as holiday lets. The ground floor features the former restaurant space complete with a fully equipped commercial kitchen and direct access to the courtyard and landscaped gardens. The interior retains charming period elements such as open fireplaces and exposed beams.
Significantly, planning permission was granted in 2022 to convert the upper floors into two separate two-bedroom apartments, which could greatly enhance rental income potential if executed. Furthermore, there is an opportunity to explore additional conversions into three distinct apartments pending relevant planning and consent from local authorities.
The detached annex has consistently served as a successful holiday let for over ten years, providing stable income while also adding value to the property. The enclosed rear gardens have been thoughtfully designed for privacy and leisure, further enhancing its appeal as an investment.
Situated within a Conservation Area just steps from the picturesque seafront and vibrant town centre shops of Lyme Regis, this property is surrounded by beauty and recreational opportunities inherent to the Jurassic Coast World Heritage Site. With continued interest in holiday accommodations in such prime locations, this property offers vast potential for growth through thoughtful refurbishment or development.
