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Light Industrial for sale

Unit 11, Strashleigh View, Lee Mill Industrial Estate, Ivybridge, Devon, PL21

Removed £525,000
7,119 sq. ft.

Property Description

Commercial information

  • 7,119 sq ft (661 sq m)

Key features

  • Industrial unit with ground and first floor offices
  • Currently fitted out as a secure cash storage facility with vault cash transfer units, high security shutters and CCTV and alarm system
  • Large secure yard
  • 664.3 sq m (7,151 sq ft)
  • Site area - 0.46 acres
  • For Sale - 525,000
  • Rent - 36,000 per annum exclusive

Full description

Tenure: Freehold

The property was previously used as a cash storage vault and thus is currently fitted out to provide a highly secure facility with a vault cash transfer unit, CCTV, alarm system, secure fire doors and high security roller shutters.

The property is arranged to provide ground floor offices and welfare facilities along with a warehouse area. There are also further offices on the first floor. The property benefits from a large secure yard which is secured by palisade fence and an automatic gate. The vault and related paraphernalia can be removed to return the unit to an open warehouse area or prospective purchasers can decide which areas they would like to keep, however, this would need to be done before the existing tenants commence removing the items at the end of June.


The property is located on Lee Mill Industrial Estate and is accessed from East Way which is one of the main trunk roads on the estate.


All areas are approximate and measured in accordance with the RICS Property Measurement Standard First Edition.

Gross Internal Area - 664.3 sq m / 7,151 sq ft
Site area - 0.46 acres
Maximum eaves height - 7.9m
Minimum eaves height - 6.2m
Roller shutter height - 4.79m
Roller shutter width - 4.3m


Rent / Price

£525,000 for the freehold.

£36,000 per annum exclusive.


The freehold of the property is available. Alternatively the property is available by way of a new full repairing and insuring lease. Terms to be agreed.

Rateable Value

From a visit to the valuation office website ( we understand that the current rateable value is £29,500 effective from 1st April 2017. Therefore making the approximate rates payable £14,131 per annum for 2017/2018.

Interested parties are advised to confirm the rating liability with South Hams District Council.


It is understood 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.


C (71)

Legal Fees

Each party to be responsible for their own legal costs.


All figures quoted are subject to VAT where applicable.

More information from this agent

Map & Street View

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