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

Find commerical property for sale in PL21 that meets your business or investment goals

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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Commercial Properties for Sale Within 10 miles of the PL21, Ivybridge

More details for 1 Barbican Approach, Plymouth - Retail for Sale

1 Barbican Approach

Plymouth, PL4 0LG

  • Retail for Sale
  • Price Upon Request
  • 6,842 sq ft
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More details for 1 Horn Ln, Plymouth - Retail for Sale

Brixton FIsh & Chips - 1 Horn Ln

Plymouth, PL8 2AB

  • Retail for Sale
  • £695,000
  • 5,508 sq ft
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More details for 15 Sutton Rd, Plymouth - Industrial for Sale

15 Sutton Rd

Plymouth, PL4 0HN

  • Industrial for Sale
  • £1,950,000
  • 18,095 sq ft

Plymouth Industrial for Sale

We are instructed to seek offers of £1,950,000 (One million nine hundred and fifty thousand Pounds) subject to contract and exclusive VAT, reflecting a Net Initial Yield of 7.36% (assuming purchaser’s costs of 6.26%). This equates to a capital value of only £82.61 per sq ft. Tenure: freehold. The property produces a current passing rent of £152,500 per annum, which equates to a low base rent of only £7.65 per sqft. The property comprises three, terraced industrial units of steel po rtal frame construction with steel profile clad elevations beneath pitched clad roofs. The units are accessed from Sutton Road. Internally, the units have the following specification: - Blockwork walls - Eaves height of 6m - Concrete floors - Pitched profile metal sheet roof with 10% roof lights - Parking to the front and side of the units - Ancillary office and trade counter accommodation - Access via roller shutter doors - Landlord Mezzanine’s within Units 1 &2 Externally, there is customer parking to the front of the units with approximately eight spaces and further spaces alongside Sutton Road. To the eastern end of the site is a secure, open storage area that is part tarmac, part concrete surfaced. This area was previously in separate occupation, with access provided through to Sutton Road. Hire Station Ltd have expanded to also occupy this yard space. The property provides a total of 18,095 sq ft (GIA) of industrial accommodation over Units 1-3 and the additional usable yard area of 23,726 sq ft. The three industrial units vary in unit size from 4315sq ft-8773 sq ft GIA. The site extends to approximately 1.5 acres (0.607 hectares). This gives a very low site coverage of only 22.5% overall. The property has potential for future development of the rear yard for industrial or alternative uses subject to planning.

Contacts:

Altitude Property Investments Ltd

Sanderson Weatherall LLP

Property Subtype:

Warehouse

Date on Market:

19/05/2026

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More details for The Promenade, Kingsbridge - Retail for Sale

The Old Bakery Restaurant - The Promenade

Kingsbridge, TQ7 1JD

  • Retail for Sale
  • £250,000
  • 1,733 sq ft
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More details for 20 Morshead Rd, Plymouth - Retail for Sale

20 Morshead Rd

Plymouth, PL6 5AH

  • Retail for Sale
  • £525,000
  • 1,552 sq ft
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More details for 6 Estover Close, Plymouth - Industrial for Sale

Digital Building - 6 Estover Close

Plymouth, PL6 7PU

  • Industrial for Sale
  • £595,000
  • 8,892 sq ft
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More details for 39 Mutley Plain, Plymouth - Retail for Sale

39 Mutley Plain

Plymouth, PL4 6JQ

  • Retail for Sale
  • £520,000
  • 3,009 sq ft

Plymouth Retail for Sale

Freehold for sale OIRO £520,000. This impressive commercial and residential investment property occupies a prime trading position in Mutley Plain, one of Plymouth’s busy secondary shopping thoroughfares, located within half a mile of the main city centre and Plymouth’s expanding university campus. Mutley Plain has numerous retailers represented within it including Tesco, Sainsburys, Wetherspoons, Kentucky Fried Chicken, Dominos etc. There is also a varied selection of local retail concerns represented nearby, as well as numerous office premises and professional concerns such as estate agents, surveyors, mortgage brokers, solicitors etc. Mutley Plain generates a consistent year-round custom with both locals and students. The area is serviced by a large public car park. The premises are terraced and appear to be of traditional construction with rendered and painted elevations under a pitched slate roof, with some more modern flat roof extension to the rear. The property has been well maintained and briefly comprises a self-contained restaurant with large basement storage area to the ground and lower ground floors, together with four self-contained flats to the upper floors. The restaurant is subject to a commercial lease and currently operates as a successful and popular Indian restaurant. The flats are subject to standard six month Assured Shorthold Tenancy agreements. One of the letting units has just been vacated and is just in the process of being redecorated with a view to being relet, having previously generated a rental of £525pcm. The residential units have excellent occupancy levels and, when fully let, the Gross Rental Income is approximately £51,000 per annum.

Contacts:

Huntley & Partners

Listers Property Consultants

Property Subtype:

Restaurant

Date on Market:

13/04/2026

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FAQs About Commercial Property For Sale in PL21

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How many commercial properties are currently available for sale in PL21?
There are currently 2 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 PL21?
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 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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