Commercial Property in Ermington available for sale
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Commercial Properties for Sale near Ermington, UK

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Commercial Properties for Sale Within 5 miles of the Ermington, UK

More details for 23 Fore St, Ivybridge - Retail for Sale

23 Fore St

Ivybridge, PL21 9AB

  • Retail for Sale
  • £175,000
  • 592 sq ft

Ivybridge Retail for Sale

Freehold, guide price £175,000 – £200,000. This impressive mixed commercial and residential investment property occupies a prime trading position in the main Fore Street of the popular and expanding South Devon town of Ivybridge. There is a full and varied selection of businesses represented nearby, all of which are serviced by a large public car park. The premises are end-of-terrace and briefly comprise a self-contained takeaway unit to the ground floor, together with a spacious 2/3-bedroom flat to the upper floors. The ground floor operates as a well-established and successful pizza business. It is currently subject to a 10-year commercial lease at a current passing rent of £9,000 per annum, exclusive of rates, subject to rent reviews every third year with the tenant responsible for the standard repairing and insuring covenants. We understand that a rent review is imminent, and it is anticipated that there will be an uplift in the current passing rent. For more details, please contact the agents. The flat is self-contained and up until recently was let on a six-month AST agreement at a rental of £750 per calendar month. It is felt that both rental levels are reasonably modest, and that when FULLY LET, the unit can generate an annual rental of approx. £18,000. An ideal opportunity to acquire a valuable mixed investment premises in a prime town centre location, capable of generating a strong annual rental.

Contacts:

Listers Property Consultants

Huntley & Partners

Property Subtype:

Shopfront Retail / Residential

Date on Market:

13/04/2026
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FAQs About Commercial Property For Sale in Ermington

See All Properties For Sale
How many commercial properties are currently available for sale in Ermington?
There are currently 0 commercial properties available for sale. Sizes range from to , with an average size of. Available opportunities may include offices, retail premises, industrial properties, mixed-use assets and development sites.
How much does commercial property cost in Ermington?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Property values will vary depending on location, size, condition, tenant status and market demand.
What factors influence commercial property values?
Property values can be affected by location, building quality, asset size, lease terms, tenant covenant strength, redevelopment potential and local market conditions. For investment properties, income generation and yield are also important considerations.
What types of commercial property are available to buy?
The market may include offices, retail units, industrial properties, warehouses, land, mixed-use buildings and specialist assets. Availability will vary depending on location and current market conditions.
What should I consider before buying commercial property?
Key considerations include location, accessibility, property condition, planning permissions, lease arrangements, operating costs and future growth potential. Buyers should also understand any legal, environmental or structural issues that could affect value or usability.
What is rental yield and why does it matter?
Rental yield measures the income generated by a property relative to its purchase price. Investors often use yield to compare opportunities, although it should be considered alongside factors such as tenant quality, lease length and potential for capital growth.
Can I buy commercial property for my own business?
Yes. Many buyers purchase commercial property to occupy themselves rather than as an investment. Owning premises can provide greater control over operating costs, security of tenure and the potential to benefit from future capital appreciation.
Do I need a commercial mortgage?
Many buyers use commercial finance to fund acquisitions. Deposit requirements, lending terms and borrowing costs vary depending on the property, the buyer's circumstances and the intended use of the asset.
What due diligence should I carry out before buying?
Due diligence typically includes reviewing title documents, planning permissions, leases, service charge information, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What are the risks of buying commercial property?
Potential risks include market fluctuations, vacancy periods, tenant default, maintenance costs, planning restrictions and changes in local demand. Thorough due diligence and effective asset management can help reduce these risks.
Can overseas buyers purchase commercial property in the UK?
Yes. International buyers can purchase commercial property in the UK, although additional legal, tax and regulatory considerations may apply. Professional advice should be obtained before proceeding with a transaction.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax, legal fees, surveys, finance costs, insurance and any refurbishment or fit-out works that may be required.

Discover More Commercial Properties for Sale in the Ermington, UK

Market Overview for Commercial Properties in Ermington

Key information for Commercial Properties investors in Ermington and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Ivybridge £136 5,020 sq ft
Plymouth £132 6,258 sq ft
Roborough £84 16,655 sq ft
Down Thomas £258 20,054 sq ft
Totnes £93 882 sq ft

Rental Price Trends in Ermington

The price per square foot range for Commercial Properties in Ermington and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Ivybridge £51 £136 £220
Plymouth £33 £132 £522
Roborough £78 £84 £90
Down Thomas £258 £258 £258
Totnes £93 £93 £93

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Ermington area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Ivybridge 592 sq ft 5,020 sq ft 9,447 sq ft
Plymouth 187 sq ft 6,258 sq ft 30,928 sq ft
Roborough 2,382 sq ft 16,655 sq ft 30,928 sq ft
Down Thomas 20,054 sq ft 20,054 sq ft 20,054 sq ft
Totnes 882 sq ft 882 sq ft 882 sq ft

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