Commercial Property in Hatherleigh available for sale
5

Commercial Properties for Sale near Hatherleigh, UK

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

More details for Fore St, North Tawton - Retail for Sale

The Copper Key - Fore St

North Tawton, EX20 2ED

  • Retail for Sale
  • £330,000
  • 3,013 sq ft
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More details for Retail for Sale

East St

Okehampton

  • Retail for Sale
  • £200,000
  • 4,572 sq ft
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More details for Cranmere Rd, Okehampton - Office for Sale

Cranmere Rd

Okehampton, EX20 1UE

  • Office for Sale
  • £345,000
  • 3,736 sq ft
  • Security System

Okehampton Office for Sale

Freehold office building on established Business Park. Guide price: £345,000 for the freehold interest. This reflects a net initial yield of 9.22% after normal purchasers costs based on an income of £33,000 per annum. Exeter Road Industrial Estate is situated on the eastern outskirts of Okehampton with good access to the A30 dual carriageway via Exeter Road. The A30 links Okehampton with Exeter and the M5 Motorway approximately 25 miles to the east, as well as with locations in Cornwall to the west. Okehampton is the second largest town in the Borough of West Devon and, along with Tavistock, is the administrative centre for the area. The district population is in excess of 48,000 and the town is situated approximately 19 miles north east of Launceston and 32 miles north of Plymouth. The property was originally constructed in the early 1990’s and the units provide the following features: - Mainly open plan, well presented office space - Unit 8B recently refurbished - Suspended ceilings with LED panel lighting - Full carpeting - Perimeter trunking providing data and power sockets - Powder coated aluminum frame double glazed windows - Intruder alarm - Large kitchen/staff room, w/c’s including disabled - Air conditioning - Wall mounted electric heaters - 3 phase electricity. Lease terms: Office Building 8a The property is held by way of a lease for 6 years from 29th September 2021 by Mapyx Limited. Company Registration Number: 05696490, on a full repairing and insuring basis. The passing rent is £16,500 per annum and subject to review on a 3 yearly basis. The tenants option to break at the 3rd year subject to 6 months prior written notice, was not exercised. Office Building 8b The property is held by way of a new lease for a term of 6 years from 13th August 2025 by private individual on a full repairing and insuring basis. The initial rent is £13,200 rising to £16,500 per annum from 12th August 2026, rising annually in line with CPI thereafter. There are tenants options to break at the end of the 2nd and 3rd years subject to the tenant paying a break penalty of £3,300 if exercised at the end of the 2nd year. The lease is contracted outside The Landlord and Tenant Act 1954. Note: The vendor is to pay the proportional shortfall in rent from £16,500 for year 1 upon completion.

Contact:

Stratton Creber Commercial

Date on Market:

07/09/2025

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FAQs About Commercial Property For Sale in Hatherleigh

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How many commercial properties are currently available for sale in Hatherleigh?
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 Hatherleigh?
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 Hatherleigh, UK

Market Overview for Commercial Properties in Hatherleigh

Key information for Commercial Properties investors in Hatherleigh 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
Okehampton £51 4,154 sq ft
North Tawton £82 3,013 sq ft
Chulmleigh £86 5,011 sq ft
Lustleigh £157 950 sq ft
Georgeham £268 16,000 sq ft

Rental Price Trends in Hatherleigh

The price per square foot range for Commercial Properties in Hatherleigh 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
Okehampton £33 £51 £69
North Tawton £82 £82 £82
Chulmleigh £86 £86 £86
Lustleigh £157 £157 £157
Georgeham £268 £268 £268

Available Building Sizes

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

City Smallest Property Avg. Sq Ft Largest Property
Okehampton 3,736 sq ft 4,154 sq ft 4,572 sq ft
North Tawton 3,013 sq ft 3,013 sq ft 3,013 sq ft
Chulmleigh 5,011 sq ft 5,011 sq ft 5,011 sq ft
Lustleigh 950 sq ft 950 sq ft 950 sq ft
Georgeham 16,000 sq ft 16,000 sq ft 16,000 sq ft

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