Former Bank For Sale at Auction in Ivybridge, Devon, PL21

This property is marketed by:
Greenslade Taylor Hunt

• A prominent former banking premises occupying a prime high street location

• Scope for commercial investment or re-development opportunity

• Potential to lease or subdivide into two self-contained units, with options to acquire or lease individual units subject to agreement

• Guide price - £330,000 (Whole)

A prominent former banking premises occupying a prime high street location, offering excellent scope for commercial investment or re-development opportunity.

Auction Guide Price - £300,000

For Sale by Public Auction (unless previously sold)
on Wednesday 23rd September 2026 at Shilstone
House, Modbury, Devon, PL21 0TW

DESCRIPTION
A substantial mid-terrace retail premises formerly occupied by Lloyds Bank PLC, situated in a prominent high street location. The accommodation extends to 367.7 sqm (3,957.89 sq ft), conveniently arranged over two floors.

Access is taken directly from Fore Street via steps and a disabled-access ramp into an impressive open-plan main hall, complemented by a series of subdivided offices, stores and ancillary accommodation. A side link corridor extends access to further office and storage areas arranged over both ground and first floor levels.

The building offers the flexibility to be divided into two self-contained sub-units, with the benefit of a separate external door, dedicated entrance foyer, and retained internal access between both parts. The lower sub-unit further extends to the first floor, providing a range of individual front-facing office rooms and staff facilities.

The property is understood to be of a rendered blockwork construction beneath a pitched slate roof, featuring extensive glazed frontage. The front elevation is further enhanced by a coronation clock commemorating the coronation of Her Majesty Queen Elizabeth II on 2 June 1953.

Overall, an appealing property suitable for a variety of alternative uses, subject to securing necessary planning consents.

SITUATION
Situated in a highly prominent town centre position on Fore Street, the property lies within Ivybridge’s established commercial core. Ivybridge is a well-connected and expanding South Hams town, located approximately 10 miles east of Plymouth and immediately adjacent to the A38 Devon Expressway, which links directly with Exeter and the national motorway network.

DIRECTIONS
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SERVICES
We have assumed that the property benefits from mains water, electricity and drainage connections. Prospective purchasers must make their own enquiries to verify the availability and suitability of services to the property.

OUTGOINGS
The property is registered for commercial rates as a bank and premises with a Rateable Value £31,750 from 1 April 2026. Prospective purchasers must make their own enquiries to verify the actual rates payable with the local authority.

VALUE ADDED TAX
We understand that the property is not elected for VAT. Accordingly, VAT will not be payable on the purchase price.

AUCTION GUIDE PRICE
The property is available for sale freehold with vacant possession at a guide price of £300,000.

ACCOMODATION

GROUND FLOOR

Retail Zone(s) - 192.6sqm
Unclassified Area - 18.0sqm
Mess/Staff Room - 27.0sqm
Office(s) - 31.5sqm
Internal Storage - 12.6sqm

FIRST FLOOR

Office(s) - 75.3sqm

TOTAL - 367.7sqm

Enclosed outdoor area to rear, with pedestrian access to Glanvilles Road.

(Source: VOA Website — areas are approximate)

AUCTION AGENTS
Greenslade Taylor Hunt
8 Erme Court, Leonards Road, Ivybridge, Devon, PL21 0SZ

SOLICITOR DETAILS
McBride Wilson & Co
Queens House, 55-56 Lincoln’s Inn Fields, London, WC2A 3LJ

ADDITIONAL INFORMATION
Flooding: The property is at a VERY LOW RISK from River/Sea and Surface Water flooding (chance of flooding each year less than 0.1%).

Fixtures: All fixtures and fittings, unless specifically referred to within these sales particulars are otherwise expressly excluded from the sale of the freehold and will be removed by the vendors or their agents prior to completion.

Measurements and Testing: All measurements are approximate. Whilst we endeavour to make our sales particulars as accurate and reliable as possible, if there are any point which is of particular importance to you please contact the office, especially if you are contemplating travelling some distance to view the property. We have not tested any of the equipment, appliances, central heating or services.

ENERGY PERFORMANCE CERTIFICATE
Energy Performance Certificate (EPC) rating: C.

METHOD OF SALE
The property will be offered for sale by Public Auction and online livestream auction on Wednesday 23rd September 2026 at Shilstone House, Modbury, Devon, PL21 0TW. It is possible the property may be sold prior to the auction date therefore it is advisable for interested parties to register their interest with the Agents and it is their responsibility to check with the Agents whether the property will still be offered on the auction date.

BIDDER REGISTRATION
All potential bidders are required to register with their details with Greenslade Taylor Hunt prior to the commencement of the auction by completing the Online Bidder Registration. https://bit.ly/ PropertyAuctionsGTH. Registration for the auction closes 48 hours prior to the auction date. Those attending the auction room to bid in person will complete bidder registration form either online or at one of our offices. All prospective bidders must provide 2 forms of Identification and source of funds in order to register. Further details are available from the Agents upon request, or at the following link :
Blog | A Guide to Buying Property At Auction? | GTH

BUYERS ADMINISTRATION FEE
The successful purchaser(s) will be liable to pay a Buyer’s Administration Fee based upon the eventual sale price to the selling Agents. See our Terms & Conditions for Livestream and In Room Auctions for further details.

AUCTION PACK
The Auction Pack, containing the contract and special conditions of sale, should be obtained online at Future auctions held by Greenslade Taylor Hunt Online (eigroup.co.uk). These documents will not be read at the time of sale and all prospective purchasers will be deemed to have bid for the property in full knowledge of their contents and shall not raise any requisition or objection whatsoever thereafter. These documents will not be read at the time of sale and all prospective purchasers will be deemed to have bid for the property in full knowledge of their contents and shall not raise any requisition or objection whatsoever thereafter.

VIEWING
Strictly by appointment only with the agents.

Parties are advised to register their interest with the agents in the event an acceptable offer is received prior to auction; in this situation the agents shall endeavour to notify them of the property being withdrawn from the market. It is however considered unlikely that the property will be sold prior to auction.