Gallowtree Gate & Market Place, City Centre, Leicester, LE1 5AD

For Sale : Guide Price £850,000
24 bedrooms

A SUPERB PROPOSED DEVELOPMENT OPPORTUNITY IDEAL FOR CONVERSION TO RESIDENTIAL FLATS, STUDENT ACCOMMODATION or GYM. The block comprises of the UPPER 1ST & 2ND FLOORS over three units, (with option to include a Ground Floor Unit on Market Place) situated on the busy pedestrianised Gallowtree Gate in a prime City Centre location with the rear elevation overlooking the regenerated Market Place and having a covered side entryway. The accommodation is well served for the Highcross shopping centre, Leicester University, Mainline Railway station and an abundance of everyday amenities are on the doorstep. The development briefly comprises approximately 10,900 sqft of retail / ancillary space being offered for conversion to Flats, Student Accommodation or similar. 999 year lease available with vacant possession. Change of use would be - subject to planning and own enquiries. ALL INTERESTED PARTIES Call Barkers: 0116 270 9394

DESCRIPTION

The accommodation occupies the upper first & second floors of units 33 - 37 Gallowtree Gate and 63 Market Place with new proposed access available from the shared entryway below No 33. This upper floor space is available for change of use (subject to planning) or alternative purposes i.e Gym:

Size of Upper Floors: 10,900 sq ft

PROPOSALS

Conversion to a block of 20 - 24 Student flats or 18 x One & Two bed flats (subject to necessary planning consents and own enquiries). The walkway below No 33 Gallowtree Gate would be ideal for providing access to the proposed Development:

37 GALLOWTREE GATE

1st & 2nd Floors. The Market Place elevation is Grade II listed (windows):
117

35 GALLOWTREE GATE

1st & 2nd floor currently rented:
121

33 GALLOWTREE GATE

1st & 2nd Floor:
33 Gallowtree Gate 135

63 MARKET PLACE

Benefiting from A3 Planning consent and having an option to INCLUDE THE GROUND FLOOR of this unit with the sale so that the shop can be converted to a good entrance / lobby etc:63 Market Place 99

LEASE DETAILS

999 Year Lease
Service Charges: TBC

VIEWINGS

Strictly by prior appointment only Call the Sales Team at Barkers 0116 270 9394

FREE VALUATION

Thinking of selling? We would be delighted to provide you with a free market appraisal/valuation of your own property. Please contact Barkers to arrange a mutually convenient appointment on Tel: 0116 270 9394

GENERAL REMARKS

We are unable to confirm whether certain items in the property are in fully working order (i.e. gas, electric, plumbing etc.) The property is offered for sale on this basis. Prospective purchasers are advised to inspect the property and commission expert reports where appropriate. Barkers Estate Agents have a policy of seeking to obtain any copy guarantees / invoices relating to works that may have been carried out by a previous or existing owner. Please ask one of our staff members to check files for any relevant documentation that have come to our attention.
Photographs are reproduced for general information and it must not be inferred that any items shown are included in the sale with the property.
MONEY LAUNDERING
Under the Protection Against Money Laundering and the Proceeds of Crime Act 2002, we must point out that any successful purchasers who are proceeding with a purchase will be asked for identification i.e. passport or driving licence or recent utility bill. This evidence will be required prior to solicitors being instructed in the purchase of the sale of a property.
MORTGAGES
Barkers Estate Agents offer the services of an independent mortgage and financial adviser. Please ask an advisor for further information.

14075199-11876-1-A 27833927
Featured Property
At a Glance...
  • Residential Development
  • Prime City Centre Location
  • EPC Rating 99 - 135
  • 999 Leasehold
  • 10,900 sqft approx
  • Potential for 18 - 24 Flats or Gym
  • Near University & Train Station
  • Available With Vacant Possession

Interested in this property?