Summary - Flat 1 31 Market Street, Leicester LE1 6DN
1 bed 1 bath Retail Property (high street)
Rare freehold central asset with conversion and rental potential in a busy student quarter.
Freehold high‑street building with expansive glazed frontage
A substantial freehold high‑street retail building in the heart of Leicester city centre, offered with vacant possession and clear potential for conversion or continued A1 retail use. The property extends over four storeys plus a large basement and strong room, providing nearly 2,900 sq ft of floorspace and a wide glazed frontage onto Market Street — a busy pedestrian link between New Walk and Highcross.
The layout suits a range of buyers: an investor seeking a central income-producing retail asset, or an owner-occupier/developer looking to reconfigure upper floors for alternative uses (subject to planning). The building benefits from an EPC C (72), mains services connected and a gas boiler reportedly serving radiators, alongside secondary glazing and solid brick walls with internal insulation.
Buyers should note material considerations: the area records very high crime levels, the plot is compact, and business rates are to be confirmed. The property occupies a cosmopolitan, predominantly student neighbourhood with strong footfall, nearby offices and hotel developments, which supports retail and hospitality propositions but also indicates demand for higher-spec fit-outs or security measures.
Local incentives could aid a purchaser looking to improve the shopfront or take advantage of retail relief; planning enquiries are advised if conversion is intended. Overall, this is a rare, large freehold retail opportunity in a central, well-connected Leicester location suitable for investors or developers prepared to manage upgrading and operational risks.
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