Property overview

Co-op Supermarket, Glanvilles Mill, Ivybridge, Devon, PL21 9PS

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The property is located in Ivybridge town centre and comprises a modern supermarket of 12,550 sq.ft.  The property is part of the Glanvilles Mill retail scheme and adjoins the town’s main car park.  The property is let to Co-operative Group Ltd for a further 12 years at a rent of £189,000 per annum which equates to £15.06 per sq.ft.  Offers are sought in excess of £2,840,000 which reflects a net initial yield of 6.25%.