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

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Commercial Properties for Sale Within 5 miles of the Modbury, 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 Properties For Sale in Modbury

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How many Commercial Property listings are available for sale in Modbury?
There are currently 0 Commercial Properties available for sale near Modbury. These Modbury Commercial Property listings have an average size of. The largest available listing in Modbury is. The thriving commercial centre and excellent transport links in Modbury make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in Modbury?
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 Modbury 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 Modbury?
There is a diverse range of commercial properties available in Modbury to suit various business needs. Modbury offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 0 Modbury 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 Modbury, UK

Market Overview for Commercial Properties in Modbury

Key information for Commercial Properties investors in Modbury 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 £137 5,020 sq ft
Totnes £93 882 sq ft
Kingsbridge £86 3,466 sq ft
Down Thomas £258 20,054 sq ft
Plymouth £135 6,275 sq ft

Rental Price Trends in Modbury

The price per square foot range for Commercial Properties in Modbury 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 £52 £137 £222
Totnes £93 £93 £93
Kingsbridge £65 £86 £108
Down Thomas £258 £258 £258
Plymouth £33 £135 £524

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Modbury 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
Totnes 882 sq ft 882 sq ft 882 sq ft
Kingsbridge 1,733 sq ft 3,466 sq ft 5,199 sq ft
Down Thomas 20,054 sq ft 20,054 sq ft 20,054 sq ft
Plymouth 187 sq ft 6,275 sq ft 30,928 sq ft

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