Summary - 45/47/49 Market Street, Leicester, Leicestershire, LE1 6DN LE1 6DN
1 bed 1 bath Retail Property (high street)
Prominent Leicester retail investment with conversion potential and active footfall.
Freehold high-street corner location, pedestrianised thoroughfare
A prominent freehold retail parade on a busy pedestrianised corner of Market Street, Leicester. The lot comprises three ground-floor shops with substantial basement and upper-floor accommodation across an overall footprint of around 6,000 sq ft. Current tenants include Caffè Nero and Headcase Barbershop, producing a combined rental income of £42,500 per annum. The property is offered for sale at auction with VAT applicable.
The building is a Victorian terrace with period stone façade and currently presented with temporary scaffolding while minor roof repairs are completed (scaffold to be removed prior to auction). Upper parts offer medium-term potential for residential conversion, subject to planning and statutory consents — a clear value-add route for an owner-occupier or investor prepared to develop.
Important considerations: the building needs renovation and some works beyond the roof repairs are likely; EPC ratings vary across units (B, D and E). The property sits in a city-centre area with very high recorded local crime levels — factor local management and security costs into income projections. Sold with vacant and let elements (see legal pack) and offered freehold at auction, so purchasers should review title, leases and VAT position carefully.
This is a practical opportunity for an investor seeking a central high-street asset with steady passing rent and clear upside through refurbishment or conversion. It also suits a developer or landlord willing to manage city-centre operational issues to unlock additional value from the upper floors.
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