Commercial Property in PL21 available for sale
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Commercial Property for Sale near PL21, Ivybridge

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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. The premises are end-of-terrace and briefl ycomprise a self-contained takeaway unit to the ground floor, together with a spacious 2/3-bedroom flat to the upper floors. 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 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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Commercial Properties for Sale Within 5 miles of the PL21, Ivybridge

LoopNet UK Devon Ivybridge Commercial Properties For Sale in PL21, Ivybridge, UK

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FAQs about Commercial Properties For Sale in PL21

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How many Commercial Property listings are available for sale in PL21?
There are currently 2 Commercial Properties available for sale near PL21. These PL21 Commercial Property listings have an average size of. The largest available listing in PL21 is. The thriving commercial centre and excellent transport links in PL21 make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in PL21?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in PL21 currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in PL21?
There is a diverse range of commercial properties available in PL21 to suit various business needs. PL21 offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 2 PL21 commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the PL21, Ivybridge

You searched for commercial property for sale in PL21. Explore 2 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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