Summary - Sanvey Gate, Leicester, Leicestershire, LE1 LE1 4BQ
1 bed 1 bath Land
Large freehold plot with strong transport links, ideal for redevelopment.
- Freehold city-centre plot approximately 1,307 m² (0.32 acres)
- Prominent location with strong transport and amenity access
- Derelict former plant-hire depot on site; demolition needed
- No flooding risk; excellent mobile signal and fast broadband
- High local crime level; design and security implications
- Nearby industrial, warehouse and student neighbourhoods
- Sale price £650,000; redevelopment or investment potential
A rare freehold development site in Leicester city centre, offered at £650,000. The plot extends to approximately 1,307 m² (0.32 acres) and occupies a prominent position on Sanvey Gate, close to major roads, public transport and local amenities. Its size and central location make it suited to a range of commercial, residential or mixed-use redevelopment schemes.
The site currently contains a derelict industrial/commercial building and former plant-hire depot. The existing structures will require demolition, clearance and likely remediation before redevelopment. There is no flooding risk recorded, and mains connectivity, excellent mobile signal and fast broadband are positives for future occupiers.
Practical considerations include a high local crime rate and the surrounding area’s industrial and student neighbourhood character, which will influence design, security and end-use. Prospective buyers should allow for demolition, site clearance, potential contamination surveys and planning costs. This opportunity will suit developers or investors able to manage upfront site works and planning negotiation to unlock city-centre value.
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