LOCATION
Sea Tree House is located in the heart of Lyme Regis town centre on Broad Street which is the main shopping area of the town, yet in a quiet location due to its elevated position. Lyme Regis offers a full range of amenities and facilities including shops, restaurants, pubs, a theatre, primary and secondary schools and is located on the Dorset border with East Devon. The seaside town has also been used in TV series and the filming of The French Lieutenant’s Woman.

The Dorset coastline now has World Heritage status and is known as the ‘Jurassic Coast’. Lyme Regis is well known for its quality restaurants including The Oyster & Fish House and River Cottage HQ at Axminster. The town is easily accessible via the A35 where you can explore the area and nearby coastal resorts of Sidmouth, Budleigh Salterton, West Bay and Weymouth. The picturesque villages of Beer and Branscombe are easily accessible along with Abbotsbury with its Priory, Swannery and Sub Tropical Gardens which make ideal day trips within the area.

Local tourist attractions such as Forde Abbey, the National Trust property of Hardy’s Cottage, the Golden Cap Estate, Corfe Castle, Cerne Abbas (famous for its chalk giant carved out of the hillside) and the pretty village of Colyton with its famous tramway to the coastal resort of Seaton are accessible nearby.

All weather attractions such as Monkey World at Wareham and the Tank Museum at Bovington make ideal day trips. Fossil hunting is available at Lyme Regis and Charmouth beaches which is popular with families. There are golf courses at Lyme Regis, West Bay, Chard, Honiton, Axmouth and Exmouth. Axminster offers mainline rail services to London. Sailing, boating, fishing, canoes and SUP hire is available at Lyme Regis plus boating and sailing along the coastline at West Bay, Weymouth and Axmouth.

BUSINESS
The Grade II Listed property has been converted into three apartments, all with residential use. The ground and first floor apartments are currently used as holiday lets and the penthouse apartment at second and third floor is currently being used as owner’s accommodation. The apartments could be rented on a permanent basis or as holiday letting accommodation as an investment. Alternatively, an owner can live on site and enjoy its location and views.

The property has been in the same ownership since 1998 and the current owners have built-up an established holiday letting business from the two self-contained apartments. The owners use the letting agent Lyme Bay Holidays (part of the Sykes Group) to advertise the apartments.

There are two parking spaces for the business located at Stile House off Stile Lane. The rear gardens are a major selling point for the business due to their picturesque views over Lyme Bay. The garden has been divided into three sections for use by each apartment.

The gross turnover for the letting of Tulip Tree and Tamarind Tree Apartments have been in the region of £20,000 each per year. However the current owners let the Apartments on a limited basis to suit their lifestyle and retirement plans. Gross income for Tulip Tree Apartment in 2023 is forecasted to be approximately double. Further trading information can be provided to bona fide purchasers.

PROPERTY
Sea Tree House is a character property with sea views over the beach and harbour located in the heart of Lyme Regis town centre within walking distance of the shops, facilities, beach and promenade. The property was previously a boarding house in the 1800s and it is believed that Jane Austen once stayed in the property and it is thought that Lyme Regis could have been the inspiration for the book Persuasion.

The owners have recently converted the penthouse apartment which is of a contemporary style with an open plan bedroom with jacuzzi bath and private balcony with panoramic views over the beach, sea and harbour. The property is accessed via stone steps from the lane into a communal hallway where there is a laundry room for the business and stairs leading to first floor accommodation.

The property has the right to load and unload from the side lane which is next to the Three Cups Inn.

TAMARIND TREE APARTMENT
Ground floor. Hallway with access to rooms. Kitchen. Bedroom with modern en-suite shower room. Sitting room with bay window and French doors leading to garden area. Outside garden with seating overlooking the sea. (Sleeps 2 + 1 + cot).

TULIP TREE APARTMENT
First floor. Hallway with access to rooms. Kitchen. Bedroom with modern en-suite shower room. Sitting room with bay window with views over Lyme Bay. Allocated middle garden area with seating for guests to enjoy the views and alfresco dining. Garden accessed via the first floor communal landing with external metal staircase (Sleeps 2 + 1 + cot).

OWNER’S ACCOMMODATION (TEMPLE TREE)
Penthouse apartment accessed from the first floor with stairs leading to second floor. Contemporary style. Hallway with access to rooms. Kitchen. Bathroom. Bedroom. Sitting room with bay window and stairs leading to third floor. Bedroom with modern en-suite shower room and open jacuzzi bath to the room. Patio doors leading out to glass and stainless-steel balcony with decking. Private rear garden, accessed via the first floor communal landing with external metal staircase. Patio area and UPVC double glazed summer house/conservatory to enjoy the scenery. The gardens are laid mainly to low maintenance with flower and shrub borders.

METHOD OF SALE
The property is offered for sale by private treaty, inclusive of trade inventory to include furnishings, equipment, fixtures and fittings within the two holiday letting apartments (excluding the penthouse apartment) and in relation to the business, excluding any personal items.

TENURE & POSSESSION
The freehold interest is being offered with vacant possession on completion.

VIEWINGS
Strictly by appointment with agents Carter Jonas.

EPC
Tamarind Tree: D
Tulip Tree: D
Temple Tree: D

DIRECTIONS
Parking is located at Stile House in Stile Lane which is just off Pound Street, within walking distance of the property. The car parking spaces are located in the lefthand corner of the car park and are clearly signed ‘Sea Tree’. Sea Tree House is located off Broad Street, accessed via a lane next to the Three Cups Inn. If you get to the bottom of the high street nearest the sea, you have gone too far.

WHAT3WORDS
/// crate.eternally.diamond