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Student Accommodation, Retail Investments, Shops, Development - Residential for Sale
Market Street, Leicester, LE1
31,580 sf
Student Accommodation, Retail Investments, Shops, Development - Residential for Sale
Market Street, Leicester, LE1
Freehold part let retail & student living investment
Consent to convert vacant upper parts to 14 dwellings
Prominently situated in the heart of the city centre
Significant frontage to pedestrianised thoroughfare
Currently producing £203,456 per annum
Scope to re-purpose and extract additional value
Offers invited for consideration
Location
The property is prominently situated on the western side of Market Street and northern side of Welford Place within the city centre. Market Street is a popular and busy pedestrianised thoroughfare leading north into the heart of the city centre. Leicester Railway Station is situated approximately 750 metres to the southeast, approximately a 10 minute walk. The immediate surrounding area is characterised by a mix of city centre retail, commercial and residential uses. Local parks and open spaces are also located within close proximity. Nearby retailers include Tesco Express, McDonalds & Nandos.Leicester is a modern, exciting and cosmopolitan city, unitary authority and the county town of Leicestershire in the East Midlands. It is the largest city in the East Midlands with a population of 373,399 in 202. The greater Leicester urban area had a population of 559,017 in 2021, making it the 11th most populous in England, and the 13th most populous in the United Kingdom. A 2023 report raked Leicester 16th out of the 50 largest UK cities on a range of economic measures, and the first of seven East Midlands cities.
The city lies on the River Soar and is approximately 90 miles northwest of London, 33 miles east of Birmingham and 21 miles northeast of Coventry. Nottingham and Derby lie around 21 miles to the north and northwest respectively, whilst Peterborough is located 37 miles to the east.
There is a comprehensive shopping offer in Leicester, ranging from the mainstream shopping centres and streets to the boutiques, markets and specialist stores.
The city has a growing student population and attracts more than 35,000 students over two Universities. The city has seen inward investment of over £500m to improve student infrastructure and study space, and numbers are set to continue to grow.
Amenities
Retail/Student InvestmentConsent for 14 dwellings
Heart of the city centre
Significant frontage
Pedestrianised street
Rental Income £203,456 pa
Scope to add value
Offers invited
Related links
Retail Property for SaleRetail Property for Sale in LeicesterDevelopment Property for SaleDevelopment Property for Sale in LeicesterInvestment property for SaleInvestment property for Sale in LeicesterLambert Smith Hampton
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