Unit 4 East Way, Lee Mill Industrial Estate, Ivybridge, Devon, PL21 9GE
Size
9,447
Tenure
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EPC
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Parking
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- Primary use
- Light industrial
- Other use(s)
- Other
No floor / site plan
Key features
- Industrial investment
- Popular Lee Mill Industrial Estate
- Long term tenant
- Passing rent only £5.22 psf - therefore reversionary
- Tenant Experian score of 94
- £650,000
- NIY - 6.14% assuming purchasers costs of 5.18%
Description
Location
Lee Mill Industrial Estate is located near Ivybridge in Devon. It has convenient access to the A38, which serves as a major route connecting the M5 motorway (near Exeter) to the city of Plymouth and Cornwall beyond.
The property is located on East Way which is accessed from Central Avenue - one of the main estate roads.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a gross internal basis.
Ground floor - 683.2 sq m (7,354 sq ft)
Mezzanines - 194.4 sq m (2,092 sq ft)
Total - 877.6 sq m (9,447 sq ft)
Rent / Price
£650,000
Business Rates
From the Valuation Office Agency website ( we understand that the current Rateable Value is £35,750. Therefore making the approximate Rates Payable £17,839 per annum for 2025/26.
Contact our team of business rates experts if you have a query about the rateable value of this property.
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
E (116)
Legal Fees
Each party to be responsible for their own legal fees in relation to this transaction.
VAT
The property is not registered for VAT and therefore VAT is not chargeable on the price.
- Clear height
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- Yard depth
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- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Unit 4 East Way, Lee Mill Industrial Estate, Ivybridge, Devon, PL21 9GE
About Vickery Holman, Plymouth
Vickery Holman is a multi-disciplined property company, the roots of which can be traced back as far as 1848. Today, the consultancy has more than 60 people working in four offices, strategically placed across the South West. Vickery Holman is a limited company, owned by its employees, and is a member of the RICS (Royal Institution of Chartered Surveyors).
Our consultants offer a full spectrum of skills in all areas of property, from all aspects of general practice and building surveying, right through to the management of commercial and residential property. Our specialist areas include dispute resolution, development consultancy, valuation, lease consultancy, business rates negotiations, in addition to commercial sales, lettings and acquisitions.
We deliver commercial property opportunities to a wide range of clients from single tenants to large scale investors. Our tailored, personal service aims to empower all our clients, whether they are new to property or seasoned professionals. We believe communication through personal contact is key to highlight those investment opportunities or potential pitfalls.
Can't find what you are looking for here? Call one of our offices in your area to speak to our experts who can identify with your property requirements and guide you through the process to find the right option for you.
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Disclaimer - Property reference 20779FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Vickery Holman, Plymouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.