Retail property (high street)
Features and description
- By order of a Major Property Company
- Prime freehold city centre retail investment
- Fully let
- Majority let to Five Guys Limited JV Limited (1)
- Pedestrianised trading position
- Future alternative use potential of the upper floors (subject to consents)
- Producing £203,450 per annum
- Completion shall be on Friday 21st May
- Online Auction on Wednesday, 07 April 2021
A prominent part three and part four storey building of traditional construction. The building is arranged as two ground floor retail units, with both units fronting High Street. The larger retail unit (Five Guys) has the benefit of a return frontage on to Cheapside. The upper floors are currently arranged as offices and storage/ancillary accommodation and benefit from a separate access from Cheapside. The upper floors may offer future alternative use potential, subject to obtaining the necessary consents. To the side of the building is passageway that is currently used as a fire escape for the adjacent building. In addition there is a basement providing ancillary accommodation totalling 185.80sqm (2,000sqft).
Location:
Leicester is one of the major centres in the East Midlands and lies about 43 miles north east of Birmingham and 27 miles south of Nottingham. Cheapside is one of the principal pedestrianised shopping thoroughfares in the City Centre running south from High Street to Market Place. The property commands a prominent corner position on the west side of Cheapside at its junction with High Street, Silver Street and East Gates. The property is situated opposite Highcross Shopping Centre, which is anchored by John Lewis as well as being the home to occupiers including The Apple Store, Next, O2 and Samsung. Other nearby occupiers include Lloyds Bank, Caffe Nero, McDonalds, TK Maxx, Greggs and Marks and Spencer.
Road – The City can be accessed via the A50, A563, A5 and A47 as well as junctions 21, 21A and 22 of the M1 motorway, which lies just to the west.
Rail – Leicester railway station provides national and regional rail links including regular direct services to London St Pancras International with a journey time of approximately 1 hour 25 minutes and Birmingham with a journey time of approximately 50 minutes.
Bus – There are two main bus stations at St Margaret’s Bus Station and Haymarket Bus Station providing national and regional routes. Additionally there are three permanent Park and Ride sites serving the City.
Air – East Midlands Airport lies approximately 18 miles to the north east providing domestic and international flights.
Online Auction on Wednesday, 07 April 2021. For further information, such as legal documents and property information, please visit bidx1.com.
About this agent










