Summary - Wellington Street, Leicester, LE1 LE1 6HJ
1 bed 4 bath Commercial Property
High-ceilinged, income-producing building with redevelopment potential near transport links.
Approx 4,400 sq ft two-storey former warehouse with high ceilings
Potential to add third-floor mezzanine to increase floor area
Currently fitted as studio/fitness; modern internal finishes
Let producing £40,000 + VAT p.a. until Oct 2025 (income asset)
Freehold sale; VAT payable on purchase
No private garden; narrow urban plot with on-street parking only
Located in very deprived area with very high local crime rates
Solid brick pre-1900 construction may need insulation/service upgrades
A substantial red-brick commercial freehold on Wellington Street, offered with a strong town-centre presence and approx. 4,400 sq ft across two storeys. The building is presented to a high standard internally — currently fitted out as open-plan studio/fitness space with mirrored walls, timber-effect flooring, recessed lighting and high ceilings — and includes scope to add a third-floor mezzanine to increase usable floor area.
The property is let until October 2025 producing £40,000 + VAT per annum, providing immediate income for investors, but it is also offered with vacant possession thereafter for owner-occupiers or redevelopers. VAT applies to the sale. EPC rating is C; the construction is original (pre-1900) solid brick which offers character but likely will require insulation improvements to meet modern standards.
Location benefits from strong footfall, excellent transport links and proximity to Leicester Railway Station, but buyers should note the site sits in a very deprived, very high crime city-centre ward. There is no private outdoor amenity, the plot is narrow and urban, and the fabric may need targeted upgrades (insulation, services, possible refurbishment) if changing use or converting to residential units.
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