0116 365 1111

Midland Street, Leicester

Development Opportunity in Leicester's Cultural Quarter
  • Residential development opportunity
  • Situated in Leicester’s Cultural Quarter
  • Proposed five storey building for ten 2 bedroom apartments
  • Ground floor office and six secure car parking spaces
  • Planning application submitted February 2018
Sold

Overview

This cleared site is situated in Leicester’s eclectic Cultural Quarter an area of significant regeneration and re-development centered around the arts and associated creative industries.

This is an unusual opportunity to acquire a small cleared site on a subject to planning basis and would ideally suit an investor/developer.

A planning application has been submitted to construct a 5 storey building which will provide ten 2-bedroom apartments, ground floor offices and six secure car parking spaces.

Development Summary

A planning application has recently been submitted for the construction of a five-storey building which will provide ten 2-bedroom apartments, ground floor offices and six secure car parking spaces.

Location

Leicester is one of the fastest growing cities in the UK with a population of 329, 839 (2011 census). The City has the largest economy in the East Midlands and is situated at the heart of the UK.

Leicester is some 30 miles south of Nottingham, 28 miles north-east of Coventry and is close to Loughborough, Birmingham, Derby, Rugby, Lutterworth and Market Harborough.

There are direct rail links to London (1 hour 10 minutes), Nottingham, Birmingham and Sheffield. There is also easy access to East Midlands airport (40 minutes drive) and Birmingham airport (50 minutes).

Situation

The site is situated on Midland Street, within Leicester’s Cultural Quarter just to the east of the city centre. The site is directly opposite the Phoenix Arts Centre, a popular cinema, art gallery and cafe bar which was a £20m project in the Cultural Quarter and which was completed in 2009.

The area has seen extensive residential development most of which is from the conversion of former factories although there are a small number of new build schemes.

Other attractions in the area include the Vinoly designed 1,300 seat Curve Theatre which is within 100 yards of the site, Makers Yard which is artist and studio space and a range of award winning bars and restaurants.

Leicester City centre is within easy reach and the Highcross Shopping Centre and St Georges Retail Park are only a short walk away. A Lidl supermarket is located immediately to the north of the site behind the Phoenix Square.

Description

The site occupies a rectangular plot of land extending to 257m2 and which is currently being used as a private car park.

The site in its current form is mainly level and cleared. Access into the site is taken directly from Midland Street.

Planning

A planning application has recently been submitted for the erection of a five-storey building which will provide ten 2-bedroom apartments, ground floor offices and six secure car parking spaces.

Full plans are available in the Data Room.

Tenure

Freehold

VAT

VAT will be charged on the sale price

Proposal

Offers invited in the region of £275,000

Contact Information

For further information, please contact

Adam Burdett
W: 0116 365 1111
M: 07734 111 005

 

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