Office Suite 17 Glanvilles Mill, Ivybridge, Devon, PL21 9PS
- 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
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
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ivybridge Station0.8 miles
Notes
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.
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