23-25 Market Street, Leicester, Leicestershire, LE1 6DN
For Sale
- Investment
- 3,442 Sq Ft
- POA
Retail Investment For Sale
Key Features
- Fully Let Investment
- Approximately 5.80 years remaining on the lease, expiring on 20 April 2031, with no break clauses and a rent review on 21st April 2026.
- Total Income of £38,750
- Located on busy Market Street, a well-regarded retail and leisure destination in Leicester city centre, benefitting from strong footfall.
- The unit comprises basement, ground, part first, and part second floors, offering a flexible layout with retail, office, and workshop areas.
- George Pragnell Limited is a high-end jeweller with a strong trading history and brand presence, reinforcing the quality of the covenant.
Property Description
The property comprises a substantial mid-terrace retail building arranged over basement, ground, part first and part second floors, providing a well-configured retail unit with ancillary workshop, office, and storage accommodation. The premises benefit from an attractive glazed shopfront, prominent signage, and good internal ceiling heights throughout the retail area. The property is let in its entirety to George Pragnell Limited, a respected jeweller, trading from this location under a high-quality fit-out. There are also four flats that form part of the property and have been sold off on long leasehold, generating a combined income of a £1,000 per annum.
Terms
Available freehold
Location
The property is prominently located on Market Street, a popular and well-established retail thoroughfare in Leicester city centre. The street links directly to both Belvoir Street and Granby Street, with nearby occupiers including independent retailers, cafes, bars, and national operators. Leicester benefits from a large and diverse population, supported by two major universities and excellent public transport links. The property is well-positioned to take advantage of high pedestrian footfall and easy access to Leicester Railway Station, which lies approximately a 10-minute walk away.
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