Unit 4 East Way, Lee Mill Industrial Estate, Ivybridge, Devon, PL21 9GE
- SIZE AVAILABLE
9,447 sq ft
878 sq m
- SECTOR
Commercial property for sale
Key features
- Industrial investment
- Popular Lee Mill Industrial Estate
- Long term tenant
- Passing rent only £5.22 psf - therefore reversionary
- Tenant Experian score of 94
- £650,000
- NIY - 6.14% assuming purchasers costs of 5.18%
Description
Location
Lee Mill Industrial Estate is located near Ivybridge in Devon. It has convenient access to the A38, which serves as a major route connecting the M5 motorway (near Exeter) to the city of Plymouth and Cornwall beyond.
The property is located on East Way which is accessed from Central Avenue - one of the main estate roads.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a gross internal basis.
Ground floor - 683.2 sq m (7,354 sq ft)
Mezzanines - 194.4 sq m (2,092 sq ft)
Total - 877.6 sq m (9,447 sq ft)
Rent / Price
£650,000
Business Rates
From the Valuation Office Agency website ( we understand that the current Rateable Value is £35,750. Therefore making the approximate Rates Payable £17,839 per annum for 2025/26.
Contact our team of business rates experts if you have a query about the rateable value of this property.
Services
We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
EPC
Awaited
Legal Fees
Each party to be responsible for their own legal fees in relation to this transaction.
VAT
All figures quoted are exclusive of VAT if applicable.
Brochures
Unit 4 East Way, Lee Mill Industrial Estate, Ivybridge, Devon, PL21 9GE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ivybridge Station2.3 miles
Notes
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