Summary - 24, MURRAY STREET LE2 0AT
1 bed 1 bath Land
Close to city centre and mainline station, strong redevelopment potential (STP)..
1. Freehold land of approximately 1.28 acres (0.52 hectares)
2. Close to city centre, mainline station and inner ring road
3. Level rectangular site with gated, fenced perimeter and hard surfaces
4. Brownfield site — likely remediation, clearance and resurfacing required
5. Site borders railway tracks; shared existing access needs resolution
6. Local area: high crime and very deprived — impacts use and valuations
7. Mobile signal excellent; broadband speeds slow — digital limitations
8. Development potential subject to planning (STP); planning to be sought
This extensive 1.28-acre freehold site sits within easy reach of Leicester city centre and the mainline railway station, offering clear redevelopment potential (subject to planning). The parcel is level, rectangular and securely gated with established hard surfaces, making it immediately usable for open storage or as a base for construction and remediation work prior to redevelopment.
The surrounding context is predominantly industrial and commercial with railway adjacency, which will suit applicants seeking larger-scale industrial, logistics or mixed-use schemes. Excellent mobile signal and direct access to the inner ring road system support commercial viability, while the site’s size and shape provide flexibility for a range of layouts and end uses.
There are important constraints to factor into feasibility studies. The land is brownfield, currently unkempt and may need remediation, resurfacing and site clearance. Access is currently shared and the site borders railway tracks, which will influence design and planning. The local area records high crime levels and very high deprivation, and broadband speeds are slow; these socio-economic factors should be considered for certain end uses.
For investors and developers who can manage planning risk, remediation costs and access arrangements, this site represents a substantial landholding close to city transport links and services. Offers should reflect potential preparation costs, planning lead times and local area context.
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