Office Suite 17 Glanvilles Mill, Ivybridge, Devon, PL21 9PS
Size
536
Tenure
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EPC
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Parking
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- Primary use
- Other
- Other use(s)
- Traditional office
No floor / site plan
Key features
- 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 - 7.5% with reversionary yield of 9.57%
Description
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
£55,000 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.
- 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.
Read more about EPC requirementsAsk agent
- BREEAM rating
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- Environmental description
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Brochure
Office Suite 17 Glanvilles Mill, Ivybridge, Devon, PL21 9PS
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 21707FH. 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.