2 bedroom detached house for sale
Key information
Property description & features
- Tenure: Leasehold (21 years remaining)
- Impressive holiday chalet
- Newly refurbished
- Studio accommodation
- Very well equipped
- Sea views
- Off road parking
- Superb coastal location
- Ideal second home/holiday letting opportunity
- Business Rates (100% Relief)
- Leasehold
The Property - Sea Spray is a beautifully decorated, newly built, holiday cabin on Monmouth Beach seafront, enjoying sea views and just seconds walk to the beach. Under the current ownership since 2020 it has been rebuilt and equipped to a very high standard, having attractive timber clad elevations.
The impressive features include air conditioning for heating and cooling, well equipped kitchen with electric hob, oven, microwave and fridge with ice box and a contemporary shower room with walk-in shower.
The single storey studio style layout extends to kitchen, dining and sitting area with two double bunk fitted beds.
Holiday Letting Business - A very successful holiday letting business is currently being operated, generating an impressive gross revenue. The quality contents of the cabin will be available by separate negotiation.
Total gross revenue for 2023/2024 was £25,126.50.
There is currently a 12 month letting contract with Lyme Bay Holidays (can be terminated subject to a fee).
Full trading information available on request to serious interested buyers.
Outside - Off-road parking.
Front garden and raised terrace enjoying sea views.
Situation - Occupying a prime seaside location just to the west of The Cobb and just back from Monmouth Beach. Lyme Regis is a highly sought after and charming historic coastal resort on the stunning World Heritage Jurassic Coast. The thriving town centre offers convenience and bespoke shopping of a surprising variety as well as a number of renowned popular restaurants and hotels. The area is designated as an Area of Outstanding Natural Beauty (AONB) and has excellent walking and water sport opportunities. The market towns of Axminster (with rail services to London Waterloo) and Bridport, are within 10/20 minutes’ drive.
Services - Mains electricity, water and drainage.
The cabin comprises eight solar panels on the roof, meaning in 2024 no electricity has been paid.
Viewings - Strictly by appointment through Stags Bridport, subject to holiday bookings.
Directions - From Lyme Regis town centre go up Broad Street and bear left into Pound Street, then turn left down Cobb Hill and at the bottom bear right. Sea Spray is found past the car parks at the far end.
Agent’S Note - Occupancy – 10 Months of the year. In January and February the water is turned off on site by the Council.
Lease – 25 Year lease from 1st March 2020 to 2045. The lease contains an option to renew clause which allows the leaseholder to apply to renew the lease between 1st August 2044 to 5 January 2045 for a further 25 years from 1 March 2045 to 29th February 2070 with no additional charge. Additionally, the Council has issued a ‘comfort letter’ which confirms the leaseholders will have an absolute right to extend the lease in 2070 for another 25 years.
Annual Site Charge - £3,169 plus VAT plus £436 plus VAT if let for 56 days or more.
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Broadband availability and predicted speed: obtained from Ofcom on April 4, 2022
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Energy Performance data and Internal floor area
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