Summary - 1-3, MARKET STREET LE1 6DN
1 bed 1 bath Mixed Use
Rare city-centre freehold income and redevelopment opportunity.
Freehold mixed-use building in Leicester city centre
A substantial freehold mixed‑use building in Leicester city centre, currently producing £203,456 per annum from retail and student living tenancies. The property includes 31,580 sq ft (2,934 sq m) of accommodation, prominent pedestrianised frontage and distinctive Victorian character with high ceilings and large windows. Planning consent exists to convert vacant upper parts into 14 dwellings, creating a clear redevelopment route to increase income and capital value.
The accommodation is multi-let and part occupied, offering immediate income plus upside from conversion and re-purposing of vacant space. The location benefits from excellent footfall, nearby university facilities and a wide range of city-centre amenities, supporting rental demand for both retail and student/residential lettings.
Key considerations for investors: the building will require capital investment to implement conversion works and bring vacant upper parts into residential use. The wider area records very high crime levels, which may influence management costs, insurance and tenant demand in some sectors. Offers are invited and guide price is available upon application.
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