Summary - 1A KNIGHTON LANE LEICESTER LE2 8BG
1 bed 1 bath Light Industrial
Central Leicester site with warehouse, offices and two vacant flats for refurbishment.
Freehold mixed-use site combining commercial and residential units
Approx. 2,018 sq ft total floorspace, priced at £395,000
Warehouse with electric roller shutter, three-phase electrics (3.3m x 2.4m)
First-floor offices in good condition; loft converted to additional workspace
Two vacant two-bedroom flats — require modernisation; vacant possession
Gated central courtyard provides off-street parking and bin stores
Area is deprived with above-average crime — factor for lettings and security
Tenure unspecified; legal/title checks required before purchase
This rare freehold in central Leicester combines a light industrial unit with two vacant two-bedroom flats, presenting a clear value-add for investors or owner-occupiers. The commercial element includes ground-floor warehouse space with a roller shutter (3.3m wide x 2.4m high), three-phase electrics, modern first-floor offices and a converted loft — much of the workspace is in good order. The property totals approximately 2,018 sq ft and is offered at £395,000.
The two residential flats are currently vacant and require modernisation, offering immediate rental potential once refurbished. A gated central courtyard provides off-street parking and external storage, and there is an additional single-storey covered store with separate power. Broadband and mobile signal are strong, supporting flexible light-industrial or office use and tenant requirements.
Buyers should note material drawbacks: the property needs renovation in parts, the surrounding area is relatively deprived with above-average crime, and the tenure is unspecified and will need clarification. The plot is compact and there is no significant external amenity space. These factors temper valuation but also create opportunity for refurbishment-led uplift and flexible reconfiguration.
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