Enquire Now
For Sale

Unit 4 East Way

Specifications

9,447 Sq Ft (877.63 Sq M)
£
For Sale: £650,000 Freehold
Unit 4 East Way, Lee Mill Industrial Estate, Ivybridge, Devon, PL21 9GE
Current Brochure

Summary

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

The property comprises of an industrial unit with roller shutter access to the front. There are two mezzanines at either end of the building, providing additional storage space. To the front of the property there is an office/reception area and toilet facilities. The tenant's have also added a conservatory structure which provides a kitchen/breakout area. To the front of the property there is parking and loading space.

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)

Business Rates

From the Valuation Office Agency website (www.voa.gov.uk) 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 / MEES

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.

Agent Contacts