23-25 Market Street, Leicester, LE1 6DN

Offers in region of

£525,000

Size

3,442

Tenure

Freehold

EPC

Parking

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Primary use
Other
Other use(s)
Other

No floor / site plan

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.

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.

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.

Available freehold
Additional information
Service charge
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Business rates
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Use class
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Listed building
No
Business for sale
No
Energy performance certificate: B

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

23-25 Market Street, Leicester, LE1 6DN

NEAREST STATIONS

National Rail

Leicester Station

0.4 miles

National Rail

South Wigston Station

3.48 miles

National Rail

Syston Station

4.76 miles

About Bromwich Hardy LLP, Coventry

Bromwich Hardy LLP, Coventry logo

Bromwich Hardy is a dynamic property consultancy and agency based in the heart of the Midlands, Coventry.

Founders of the company, Richard Hardy and Tom Bromwich, have over 50 years of experience between them, dealing with all aspects of the commercial property market.

They are both very well known in the industry and have complementary skills and expertise. Tom Bromwich has an unparalleled and intimate knowledge of the Midland's regional market and Richard Hardy has a deep understanding of how best to meet the needs of nation-wide organisations with interests right across the UK.

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Disclaimer - Property reference 304718-1. 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 Bromwich Hardy LLP, Coventry. 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.