Summary - 141, CHARLES STREET LE1 1LA
1 bed 1 bath Commercial Development
Auction lot with redevelopment scope near theatre and transport links.
Freehold two-storey commercial building, approx. 12,680 sqft (1,178 sqm)
A substantial freehold commercial opportunity in Leicester city centre, offered at guide price £725,000–£750,000 and due for public auction. The two-storey Edwardian/Victorian-style building provides approximately 12,680 sqft (1,178 sqm) on a 0.255-acre site, with a large ground-floor workshop, 4.3m eaves, roller-shutter access and first-floor storage — useful shell space for redevelopment or continued industrial use.
This property is sold as seen and is derelict in parts, requiring significant renovation and investment to meet modern standards. The EPC is Band D (97), heating is by electric storage heaters and glazing is double glazing of unknown installation date. The building’s solid-brick form and high ceilings present good scope for conversion subject to Leicester City Council planning permission.
Location is a key value driver: immediate proximity to the Cultural Quarter, Curve Theatre and within walking distance of the train station, with excellent mobile signal and fast broadband. Equally important to note are local challenges — the area is classified as very deprived with a very high crime rate — which will affect occupier appeal and lettability without targeted management and security investment.
For an investor or developer comfortable buying at auction and undertaking refurbishment, the site offers flexibility for alternative uses (subject to planning), strong footfall and connectivity. Conversely, buyers should budget for remedial works, security measures and possible re-specification to achieve commercial or mixed-use reuse.
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