£65,000
(£121.27/sq. ft)
Property for saleOffice Suite 17 Glanvilles Mill, Ivybridge, Devon PL21
536 sq. ft
About this property
Office investment opportunity
Let to Devon Partnership nhs Trust
Over 5 years unexpired lease term remaining
Town centre location
Rental income of £4,200 pa with potential to increase in December 2026
Niy - 6.35% with reversionary yield of 8.10%
The property comprises a fully let, long leasehold office investment in the heart of Ivybridge town centre. The accommodation is arranged at first floor level, accessed via a communal stairwell, and is well presented throughout. Internally, the space is configured to provide a range of office and interview rooms, together with kitchenette and WC facilities.
Location
Ivybridge has a population of around 12,000 and is situated approximately 9 miles east of Plymouth, adjacent to the A38 Devon Expressway, which provides direct access to Plymouth and Cornwall to the west, and Exeter and the M5 to the east. Glanville's Mill is a landmark former mill that now provides a complementary mix of office, retail and residential accommodation, offering occupiers characterful space in a well established town location. The entrance to the building is conveniently situated opposite Rochelle's River Cafe.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a net internal basis.
Total - 49.80 sq m / 536 sq ft
Rent / Price
£65,000 for the long leasehold of the property.
Service Charge
A service charge is payable by the tenant, subject to a cap of £1,971 pax with annual increases.
Business Rates
From the Valuation Office Agency website () we understand that the current Rateable Value is £5,500, therefore making the approximate Rates Payable £2,376 per annum for 2026/27.
Services
We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
EPC
B (49)
Legal Fees
Each party to be responsible for their own legal fees in relation to this transaction.
VAT
The property has been elected for VAT and therefore VAT will be charged on the purchase price.
Location
Ivybridge has a population of around 12,000 and is situated approximately 9 miles east of Plymouth, adjacent to the A38 Devon Expressway, which provides direct access to Plymouth and Cornwall to the west, and Exeter and the M5 to the east. Glanville's Mill is a landmark former mill that now provides a complementary mix of office, retail and residential accommodation, offering occupiers characterful space in a well established town location. The entrance to the building is conveniently situated opposite Rochelle's River Cafe.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a net internal basis.
Total - 49.80 sq m / 536 sq ft
Rent / Price
£65,000 for the long leasehold of the property.
Service Charge
A service charge is payable by the tenant, subject to a cap of £1,971 pax with annual increases.
Business Rates
From the Valuation Office Agency website () we understand that the current Rateable Value is £5,500, therefore making the approximate Rates Payable £2,376 per annum for 2026/27.
Services
We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
EPC
B (49)
Legal Fees
Each party to be responsible for their own legal fees in relation to this transaction.
VAT
The property has been elected for VAT and therefore VAT will be charged on the purchase price.
Mortgage calculator
Monthly repayment
£325 per month
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