Leicester City Council, Leicester

Silver Street, Leicester, Leicester City

Guide price

£60,000

Size

4,111.81

Lease length

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EPC

Parking

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Price per
Primary use
High street retail
Other use(s)
Cafe, Restaurant, Bar or nightclub
Frontage
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Key features

  • Former restaurant
  • Busy retail location
  • Retail, restaurant and entertainment uses
  • Requiring full modernisation and improvement
  • Historic live music venue
  • Rent free offering
  • Basement and upper floor storage

Description

An exceptional opportunity to secure the iconic former Il Rodo Ballroom as a high-footfall retail / restaurant / entertainment unit in the heart of Leicester City Centre.

This property requires full refurbishment, repair and modernisation from the ground up. In recognition of the required modernisation, the Council is offering a substantial rent-free period in lieu of a pre-agreed Schedule of Works.

In the 1960s, the building was the heart of Leicester’s youth scene. Operating as the Il Rondo, it hosted some of the biggest names in rock, pop, and blues including The Who, The Rolling Stones, Fleetwood Mac and Black Sabbath.

Now available for the first time in years, this un-modernised building offers a visionary operator the chance to restore a piece of history. Positioned in the vibrant "Lanes" district, the building is perfectly suited for a high-impact retail store, restaurant, experience-led bar, or live music venue.

The property is offered will require complete external and internal transformation. In recognition of the capital investment needed, a rent-free or stepped-rent agreement will be offered
Leicester City Council, Leicester

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Additional information
Let type
Flexible
Let contract length
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Rent obligation
Fully repairing and insuring
Status
Available
Date available
09 March 2026
Service charge
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Business rates
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Use class
E
Floors in building
4
Energy performance certificate: D

An Energy Performance certificate helps you understand the current energy efficiency of a property.

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

Brochure

Silver Street, Leicester, Leicester City

NEAREST STATIONS

National Rail

Leicester Station

0.51 miles

National Rail

South Wigston Station

3.67 miles

National Rail

Syston Station

4.62 miles

About Leicester City Council, Leicester

Leicester City Council, Leicester

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Disclaimer - Property reference 2484. 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 Leicester City Council, Leicester. 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.