Summary - 13-14 Baxter Gate,LOUGHBOROUGH,LE11 1TG LE11 1TG
1 bed 1 bath Pub
Prominent leisure asset with late licence and strong redevelopment potential.
Late licence permitting sales until 04:00 local time
Large internal footprint approx. 8,540 sq ft across two floors
Enclosed beer garden with seating for 100+ covers
Freehold guide price £800,000; VAT payable on purchase
Available to let: free-of-tie lease, guide rent £80,000 pa
Conservation area location; alterations require planning consent
High local crime and area deprivation may increase operating costs
Requires refurbishment and potential conversion works for new use
This substantial two-storey Art Deco former pub occupies a prominent town-centre position on Baxter Gate, Loughborough, offering 8,540 sq ft of adaptable space and a late licence permitting trade until 4:00am. The site includes a large enclosed beer garden with seating for 100+, high footfall from nearby Cineworld and retail, and is a short walk (0.5 miles) from the railway station and the university hub.
Offered freehold at a guide price of £800,000 with vacant possession, the building also suits a new free-of-tie lease (guide rent £80,000 pa). It presents clear investment potential for leisure operators or conversion to alternative commercial/residential uses subject to planning consent. EPC rating C (64) and a 2023 Rateable Value of £138,000 are in place; VAT is payable on the purchase.
Buyers should note practical constraints: the property sits in a conservation area, so changes will require consents, and any conversion will need planning and potentially significant refurbishment. The immediate area scores highly for nightlife and student footfall but has elevated crime levels and local deprivation, which may influence operating costs, security needs and lender considerations.
Overall this is a high-visibility, large-footprint opportunity for an investor or operator seeking a central leisure asset or a redevelopment site. The combination of late licence, large indoor capacity and extensive beer garden are strong trading assets, balanced by the need for planning, refurbishment and active management in a challenging local context.
Leisure facility for sale in 1-3 Braunstone Gate, Leicester, LE3 5LH, LE3 — £375,000 • 1 bed • 1 bath • 3064 ft²
Pub for sale in The Counting House, 40 Almond Road, Leicester, Leicestershire, LE2 7LH, LE2 — POA • 1 bed • 1 bath • 6400 ft²
Commercial development for sale in Investment Portfolio, Woodgate, Loughborough, LE11 — £850,000 • 1 bed • 1 bath • 5227 ft²
Leisure facility for sale in The Old Crown, 49 North Street, Rothley, Leicestershire, LE7 7NN, LE7 — £600,000 • 1 bed • 1 bath • 2518 ft²
1 bedroom terraced house for sale in Church Gate, Loughborough, Leicestershire, LE11 — £300,000 • 1 bed • 1 bath • 926 ft²
Pub for sale in Freehold Investment - The Legion 9 Market Street, Atherstone, CV9 1ET, CV9 — £425,000 • 1 bed • 1 bath • 3045 ft²
