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No longer on the market

This property is no longer on the market

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Retail property (high street)

Retail property (high street)
Added > 14 days

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.
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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
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BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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