Summary - Lupton Street City Exchange Lupton Street City Exchange Lupton Street City Exchange Lupton Street City Exchange Lupton Street City Exchange Lupton Street City Exchange Lupton Street City Exchange Friar Lane, Leicester, Leicestershire LE1 5RA
1 bed 1 bath Commercial Property
Long-lease investment with strong footfall and conversion potential.
Prominent corner city centre commercial unit with high visibility
This prominent corner commercial unit in Leicester city centre offers a rare long-lease opportunity suitable for investors or operators seeking central trading space. The property was previously run as a restaurant and has an open-plan ground floor with back-of-house offices, storage, kitchen and WC accommodation across a lower level — a straightforward layout for hospitality, retail or conversion to alternative commercial uses.
The location benefits from high visibility and strong footfall within a busy area of bars, restaurants and student activity. The 992-year lease gives long-term security; service charge and VAT will apply to the sale price. Online bidding is available and the sale is via the Modern Method of Auction, offering fixed timescales for exchange and completion.
Buyers should note material sale conditions and local factors. The auction route imposes a non-refundable reservation fee (4.5% of the purchase price including VAT, minimum £6,600), buyer pack fees, and other auction T&Cs. The surrounding area is classified as deprived with very high recorded crime levels, which may affect certain uses, insurance costs and operating considerations.
Viewings and review of the Buyer Information Pack are strongly advised. If financing, obtain lender approval and inspect the property carefully before bidding. The unit is offered leasehold and may require refurbishment to suit a new operator or tenant; service charge details are available on request.
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