Office in Devon available for sale
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Office Properties for Sale in Devon

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Explore the Latest Devon Office Properties for Sale

Including town-centre offices, serviced suites, business park buildings, co-working spaces, and converted period offices.

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More details for 70 South St, Exeter - Build-to-Rent for Sale

Concorde House - 70 South St

Exeter, EX1 1EG

  • Build-to-Rent for Sale
  • £7,000,000
  • 29,000 sq ft

Exeter Build-to-Rent for Sale

Paternoster House and Concord House present a rare opportunity to acquire two award-winning, fully refurbished and fully income-producing freehold assets in the heart of Exeter. Both properties have been converted to a high standard, with the works completed in 2025, creating a turn-key residential and commercial investment with no immediate capital expenditure required. The portfolio comprises 57 fully furnished apartments, providing a total of 98 bedrooms, alongside approximately 17,000 sq ft of commercial accommodation. Both buildings are 100% occupied and benefit from a prime city-centre position, close to Exeter High Street, Exeter Cathedral, Princesshay Shopping Centre, Guildhall Shopping Centre, Exeter Central Station, the University of Exeter and the Royal Devon and Exeter Hospital. Paternoster House, located on North Street, Exeter, EX4 3FR, comprises 29 apartments arranged as 5 one-bedroom, 22 two-bedroom, 1 three-bedroom and 1 four-bedroom flats. The residential accommodation extends to approximately 22,000 sq ft, with an additional 8,976 sq ft of commercial space. The property is fully furnished throughout and includes open-plan layouts, designer kitchens and bathrooms, double glazing, integrated LED lighting, an entryphone system, DDA accessibility and a passenger lift. Commercial occupiers include Søstrene Grene and Vyve Pilates, providing strong income diversification. Paternoster House is offered in excess of £13,500,000 and produces a total passing rent of £956,180 per annum, comprising £776,180 residential income and £180,000 commercial income. This reflects a gross ROI of 7.08%. The property has also been valued at £15.468m, with the residential element valued at £13.618m and the commercial element at £1.85m. Forward-looking rental analysis indicates that Paternoster House offers defensive, scale income with meaningful rental growth potential. Over a three-year period, projected blended rental income is £2.86m at the 5th percentile, £2.97m at the median and £3.05m at the 95th percentile. By year three, the blended yield is projected at 6.31% at the 5th percentile, 6.63% at the median and 6.91% at the 95th percentile, with potential upside to 7.24% under maximum growth assumptions. The fixed commercial income of £180,000 per annum provides an additional layer of security. Concord House, located on South Street, Exeter, EX1 1EG, comprises 28 apartments arranged as 14 one-bedroom and 14 two-bedroom flats. The residential accommodation extends to approximately 21,000 sq ft, with approximately 8,000 sq ft of commercial space. As with Paternoster House, the building is fully furnished and benefits from designer kitchens and bathrooms, double glazing, integrated LED lighting, entryphone system, DDA accessibility, a passenger lift and turn-key accommodation. Commercial occupiers include Kaspas and Vyve Gym. Concord House is offered in excess of £7,000,000 and produces a total passing rent of £577,800 per annum, comprising £501,800 residential income and £76,000 commercial income. This reflects a gross ROI of 8.25%. The property has been valued at £7.6615m, with the residential element valued at £7.0015m and the commercial element at £660,000. The forward rental projections for Concord House demonstrate a compelling income profile. Over three years, projected blended rental income is £1.56m at the 5th percentile, £1.62m at the median and £1.67m at the 95th percentile. By year three, blended yield is projected at 6.98% at the 5th percentile, 7.34% at the median and 7.65% at the 95th percentile, with potential upside to 8.21% under maximum growth assumptions. The fixed commercial rent of £76,000 per annum helps protect the downside and supports stable cashflow. Together, the properties offer investors a substantial Exeter city-centre residential and commercial portfolio with strong occupational demand, modern specification, full occupancy and attractive income returns. The combination of newly completed conversion works, fully furnished apartments, diversified commercial income, prime locations and no immediate capital expenditure requirement makes this a particularly compelling investment opportunity. Both Paternoster House and Concord House are held under separate SPVs and are available individually or as part of a wider investment opportunity. The commercial elements only are understood to be elected for VAT. Exeter continues to experience strong rental demand, underpinned by its university population, employment base and constrained city-centre housing supply. Ongoing concerns around the availability, quality and affordability of purpose-built student accommodation have placed additional pressure on the wider private rental sector, particularly for well-located, professionally managed and fully furnished homes. Paternoster House and Concord House are well positioned to benefit from this structural imbalance, offering high-quality accommodation close to the University of Exeter, city-centre amenities, transport links and major employers. Further information, full tenancy schedules and viewings are available on request.

Contact:

By Design

Property Subtype:

Apartment

Date on Market:

06/03/2026
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More details for 17 Courtenay Park, Newton Abbot - Office for Sale

Camborne House - 17 Courtenay Park

Newton Abbot, TQ12 2HD

  • Office for Sale
  • £550,000
  • 2,857 sq ft
  • Energy Performance: E
  • Conferencing Facility
  • Kitchen

Newton Abbot Office for Sale

Offers are invited in the region of £550,000 for this substantial Freehold property, subject to and with the benefit of the tenancies as at completion offering a good rental income, with the chance for a purchaser to occupy part if vacant possession is obtained, or possibly for Residential Development, subject to usual consents.

Contact:

Noon Roberts

Date on Market:

21/11/2025
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More details for 7 Silver St, Axminster - Office for Sale

7 Silver St

Axminster, EX13 5AH

  • Office for Sale
  • £295,000
  • 2,743 sq ft

Axminster Office for Sale

The Property is available on a freehold basis, subject to a lease to WBW Solicitors dated 31 October 2017, ending on 31 December 2026, with a rent of £16,000 per annum. The current tenants are not in occupation of the property and would agree an early surrender of the lease if required, thus providing vacant possession of the property. The property has an asking price of £295,000.

Contact:

Alder King LLP

Date on Market:

08/10/2025
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More details for 6 Research Way, Plymouth - Office for Sale

6 Research Way

Plymouth, PL6 8BU

  • Office for Sale
  • £2,600,000
  • 16,822 sq ft

Plymouth Office for Sale

The property is being sold by way of a sale and leaseback. The new lease will commence upon completion of the sale and the tenant will be Express Diagnostics Ltd. The lease will be of the whole building on full repairing and insuring terms. It will be a 10 year lease with a 5 year tenant only break clause. Rent reviews will be upwards only at the 5th year. The commencing rent will be £235,000 pa. The long leasehold of this investment opportunity is available for the guide price of £2.6 million providing a yield of 8.5%.

Contact:

Vickery Holman

Property Subtype:

Medical

Date on Market:

13/01/2026
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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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More details for 12 William Prance Rd, Plymouth - Office for Sale

Buckland House - 12 William Prance Rd

Plymouth, PL6 5WR

  • Office for Sale
  • £275,000
  • 1,789 sq ft
  • 1 Unit Available

Plymouth Office for Sale

The property is available immediately with vacant possession under conventional tenant's FR&I leasehold terms, preferably for a term of 5 years or more at initial annual rent of £19,500pa + VAT.  Alternatively, our client would consider sale of the freehold interest with vacant possession at an asking price of £275,000 + VAT. A modest estate charge is levied for upkeep of the external common parts

Contact:

Listers Property Consultants

Date on Market:

05/06/2024
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More details for 15 Apsley Rd, Plymouth - Office for Sale

The Former Royal Eye Infirmary - 15 Apsley Rd

Plymouth, PL4 6AR

  • Office for Sale
  • £27,000 - £55,000
  • 171 - 575 sq ft
  • 9 Units Available

Plymouth Office for Sale

Centrally located modern office accommodation within the historic former Royal Eye Infirmary building. The offices have been recently converted to a high standard with LED lighting, door entry system and carpeting and each unit has it's own kitchenette facility. Access is via a shared corridor with communal WC and shower facility. Each office will have one allocated car parking space within the R.E.I. grounds.

Contact:

Vickery Holman

Date on Market:

22/12/2023
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More details for Yeoford Way, Exeter - Office for Sale

Vanguard House - Yeoford Way

Exeter, EX2 8HL

  • Office for Sale
  • Price Upon Request
  • 8,832 sq ft

Exeter Office for Sale

Vanguard House is available for sale or to let. Price upon application. Vanguard House comprises a two storey office building completed in 2004 and set within an established business park environment. The building is of traditional construction with brick and clad elevations under a pitched tiled roof and was designed to a high level of specification.

Contact:

Turner Locker Barnfield

Date on Market:

12/08/2025
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LoopNet UK Office Properties For Sale in Devon, UK

Learn More About Investing in Office Properties

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FAQs about Office buildings For Sale in Devon

See All Office Buildings For Sale
How many office properties are available for sale in Devon?
There are currently 19 office premises available for sale near Devon. These Devon offices for sale have an average size of 5,899 sq ft. The largest available office for sale in Devon is 29,000 sq ft. The thriving commercial centre and excellent transport links in Devon make it an ideal location for businesses to find suitable Office Property for sale.
How much does it cost to buy Office Property in Devon?
The average price/SF for Office Property for sale in Devon is about £116. The cost per sq ft for Office Property in Devon ranges from £68 to £177, depending on the location and the size of the property.
What factors could affect the prices of office properties in Devon?
Several factors can impact the price of office buildings, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from £68 to £177 per square foot. While the average net initial yield for Office Properties is 8.71%.
What is the largest office building available for sale in Devon?
Currently, the largest office available to buy is 29,000 sq ft and the smallest is 187 sq ft. The average size of Office Property available for sale in Devon is approximately 5,899 sq ft.
What types of tenants occupy office buildings in the UK?
Office tenants range from startups and SMEs to multinational corporations. Sectors include finance, legal, technology, media, and professional services. Longer lease terms and strong covenants can make office buildings more attractive to investors.
Are serviced offices or traditional offices better for investment?
Serviced offices offer higher returns but more operational complexity. Traditional long-lease office buildings offer stable income and are generally lower risk. The best choice depends on your investment strategy and appetite for management involvement.
Can office buildings be repurposed or refurbished for higher returns?
Yes. Many investors add value by upgrading office interiors, improving energy efficiency, or converting older stock to mixed-use. High-spec, modern offices with flexible layouts and ESG features often attract premium tenants.
What ESG factors are important for office property investment?
Energy performance (EPC rating), sustainability certifications (e.g. BREEAM), access to natural light, ventilation, and proximity to public transport are increasingly important. Environmentally efficient buildings may achieve better occupancy and rent levels.
What should I consider during due diligence?
Review lease terms, tenant strength, service charges, building condition, planning consents, and local market trends. A commercial solicitor and building surveyor should support your purchase process to minimise risk.

Discover More Office Properties for Sale in the Devon

You searched for office buildings for sale in Devon. Explore 19 listings from leading agents on LoopNet. Whether you're seeking office properties to expand your portfolio, establish a headquarters, or secure a prime investment opportunity, LoopNet provides a diverse selection to meet your needs. Each listing offers detailed information on building features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of office investment properties worldwide, LoopNet is your trusted partner in finding the perfect office investment.

Key Factors to Consider When Investing in an Office Building

Investing in an office building can be a lucrative venture, but it requires careful evaluation. Here are the most important factors to consider:

  • Location & Accessibility
    • Prime locations with strong demand offer higher rental yields.
    • Proximity to public transport, major roads, and amenities increases tenant appeal.
  • Tenant Demand & Occupancy Rates
    • Analyse market demand for office space in the area.
    • Check vacancy rates and existing long-term leases.
  • Rental Yield & Return on Investment (ROI)
    • Compare rental income vs. property price to assess profitability.
    • Consider potential for rental growth over time.
  • Property Condition & Age
    • Older buildings may require costly renovations.
    • Modern buildings with energy-efficient features attract premium tenants.
  • Market Trends & Economic Conditions
    • Evaluate office space demand, remote work trends, and business growth in the area.
    • Check local economic stability and corporate presence.
  • Building Amenities & Features
    • High-speed internet, parking, security, and sustainability features boost property value.
    • Shared meeting rooms and flexible layouts attract a broader tenant base.
  • Legal & Planning Permission
    • Ensure compliance with local planning laws and building codes.
    • Understand lease structures and tenant obligations.
  • Maintenance & Management Costs
    • Factor in ongoing maintenance, property management fees, and service charges.
    • A well-managed building retains tenants and minimizes turnover costs.
  • Future Development & Infrastructure
    • Nearby upcoming developments can impact demand and property value.
    • Infrastructure projects like new transport links can enhance desirability.
  • Exit Strategy
    • Consider long-term value appreciation and potential resale opportunities.
    • Analyse liquidity in the commercial property market.

By carefully evaluating these factors, you can make a more informed investment decision and maximise returns on your office building purchase.

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