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Office Suite 17 Glanvilles Mill, Ivybridge, Devon, PL21 9PS

£65,000

£121.27 per sq ft

Business rates & charges may apply

Vickery Holman, Plymouth
SIZE AVAILABLE

536 sq ft

50 sq m

SECTOR

Commercial property for sale

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 - 6.35% with reversionary yield of 8.10%

Description

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.

Brochures

Office Suite 17 Glanvilles Mill, Ivybridge, Devon, PL21 9PS

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Ivybridge Station0.8 miles

About Vickery Holman, Plymouth

3 Longbridge Road Plymouth PL6 8LT

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.

Notes

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