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COMMERCIAL

9-15 Cank Street, Leicester, LE1 5GX

Guide Price
£550,000
Savills Auctions, London
PROPERTY TYPE

Commercial Property

SIZE

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Key features

  • To be offered on Wednesday 25th February
  • Prominent Freehold City Centre Development Opportunity
  • Comprising three shop units and self- contained upper parts
  • Arranged over 9,039 sq ft
  • Well located in Leciester City Centre and near both the Cank Street regenration scheme and Leicester Market regeneration
  • Benefitting from planning permission for a 23 bedroom scheme(1)
  • VAT is not applicable
  • Vacant

Description

StrapLine

Auction Sale - 24/02/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website

A prominent freehold City Centre Devleopment opportunity comprising three shops with self-contained upper parts over 9,039 sq ft and close to two major regeneration projects. Benefitting from planning permission for a 23 bedroom development scheme. Vacant


Description

The property is arranged over basement, ground and two upper floors to provide three shops with self-contained upper parts.


Location

The property occupies a prominent position in Leicester City Centre, within The Lanes shopping district, an established pedestrianised area known for its mix of independent retailers, cafés and specialist operators. Cank Street links Market Place with St Martins Shopping Centre, placing the property close to key city centre destinations including Highcross Shopping Centre, Leicester Market and Gallowtree Gate, all of which are within easy walking distance.


The area benefits from excellent footfall, being situated in the Castle ward of the city centre within the Leicester South parliamentary constituency. Nearby services and amenities include primary/secondary schools, GP services, and Leicester Royal Infirmary approximately 0.6 miles away and De Montfort University and University of Leicester.


Local Development


The property is situated on Cank Street near the £2.6 million open space regeneration between Green Dragon Square and Cank Street and also adjacent to the £7.5million Leicester Market regeneration


Transport

The location is well connected, with Leicester Railway Station around 1 km to the east, and multiple bus stops serving the surrounding streets.


Tenancy

Vacant


Accommodation

9 Cank Street

Ground Floor - 79.95 sq m (861 sq ft)

Basement - 28.75 sq m (309 sq ft)


13-15 Cank Street

Ground Floor - 162.20 sq m (1,746 sq ft)

Basement - 118.10 sq m (1,271 sq ft)


11 Cank Street

First Floor - 214.80 sq m (2,312 sq ft)

Second Floor - 235.95 sq m (2,540 sq ft)


Total - 839.75 sq m (9,039 sq ft)


Planning

(1)The property benefits from full planning permission (App no. 20240299) (January 2026) for the redevelopment and extension into the third floor to create 23 bedrooms arranged as;


2 x Studio Flats

3 X 3 Bedroom HMO

2 X 6 Bedroom HMO


All enquiries in this regard should be made with the local authorty Leicester City Council

Website:


9-15 Cank Street, Leicester, LE1 5GX

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Leicester Station0.5 miles
  • South Wigston Station3.7 miles
  • Syston Station4.6 miles
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Savills Auctions are specialist residential and commercial property auctioneers with an unrivalled depth of experience and market knowledge.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 218-20973. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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