Commercial Property in North Tawton available for sale
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Commercial Properties for Sale near the North Tawton, UK

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Commercial Properties for Sale Within 5 miles of the North Tawton, UK

More details for 8B Cranmere Rd, Okehampton - Office for Sale

8B 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 Properties For Sale in North Tawton

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

Market Overview for Commercial Properties in North Tawton

Key information for Commercial Properties investors in North Tawton 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 £69 3,736 sq ft
Sticklepath £90 66,244 sq ft
Pyworthy £21 15,055 sq ft
Dolton £95 4,300 sq ft
Beaworthy £153 1,959 sq ft

Rental Price Trends in North Tawton

The price per square foot range for Commercial Properties in North Tawton 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 £69 £69 £69
Sticklepath £90 £90 £90
Pyworthy £21 £21 £21
Dolton £95 £95 £95
Beaworthy £153 £153 £153

Available Building Sizes

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

City Smallest Property Avg. Sq Ft Largest Property
Okehampton 3,736 sq ft 3,736 sq ft 3,736 sq ft
Sticklepath 66,244 sq ft 66,244 sq ft 66,244 sq ft
Pyworthy 15,055 sq ft 15,055 sq ft 15,055 sq ft
Dolton 4,300 sq ft 4,300 sq ft 4,300 sq ft
Beaworthy 1,959 sq ft 1,959 sq ft 1,959 sq ft

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