Summary - 1 Hallaton Street,LEICESTER,LE2 8QY LE2 8QY
1 bed 1 bath Light Industrial
Substantial freehold light industrial site with redevelopment potential close to M1/M69.
Circa 46,136 sq ft on approximately 1.2 acres
A substantial single-storey light industrial property on circa 1.2 acres in central Leicester, offered freehold. The mainly 1930s brick building extends to approximately 46,136 sq ft, with high eaves (around 3.5–4.0m), a mix of north-light, truss and flat roofs, and good natural light to most areas. Multiple access points, three internal yard areas and a sizeable dry basement storage make the site highly flexible for continued industrial use.
The location is a key strength: central urban position with excellent mobile and fast broadband, near Junction 21 of the M1/M69 and comprehensive local amenities. The building’s size, layout and numerous perimeter entrances present clear redevelopment potential (conversion or unit-splitting subject to planning permission), attractive to investors or developers targeting urban brownfield opportunities.
Buyers should be aware of material considerations: the immediate area is classed as deprived with a high local crime rate, and the property sits adjacent to residential terraces. Planning consents are not in place — any change of use or subdivision will require applications and local authority approval. The building is dated (built c.1930) and, while largely serviceable, will likely require refurbishment or modernisation works to meet contemporary standards for new industrial, commercial or residential uses.
This opportunity suits purchasers seeking a large, centrally located industrial holding with redevelopment upside. It will particularly appeal to investors or developers comfortable managing planning processes, refurbishment programmes and urban site constraints.
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