41 Market Street Leicester LE1 6DN

41 Market Street
Leicester
LE1 6DN

Freehold Retail Investment

Comprises a retail unit and ancillary space
Let on a long lease for 15 years until 2037 t/a Pepe's
Total approximate floor area of 638.20 sq m (6,865 sq ft)
Prominent city centre location on pedestrianised Market Street
Within walking distance to Leicester Railway Station
Nearby occupiers include McDonalds, Tesco Express, Pragnell Jewellery and a mix of bars, restaurants and Hotels

Lot
36
Auction
30th October 2025
Rent
£27,500 per Annum Exclusive
Status
Sold
Price
£250,000
Auction Venue
Live Streamed Auction

Important Update Interested?

Expand
Photos
Map

Freehold Retail Investment

Comprises a retail unit and ancillary space
Let on a long lease for 15 years until 2037 t/a Pepe's
Total approximate floor area of 638.20 sq m (6,865 sq ft)
Prominent city centre location on pedestrianised Market Street
Within walking distance to Leicester Railway Station
Nearby occupiers include McDonalds, Tesco Express, Pragnell Jewellery and a mix of bars, restaurants and Hotels

Lot 36
Auction 30th October 2025
Rent £27,500 per Annum Exclusive
Status Sold
Price £250,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 25 miles south of Nottingham, 38 miles north-east of Birmingham
Roads: M1, M69, A6, A50, A47
Rail: Leicester Railway Station (1 hour 8 mins to London St Pancras International)
Air: Nottingham East Midlands Airport

Situation

The property is prominently located on Market Street close to its junction with Belvoir Street, a popular pedestrianised thoroughfare in Leicester City Centre. Nearby occupiers include McDonalds, Tesco Express, Pragnell Jewellery and a mix of bars, restaurants and Hotels.

Tenure

Freehold.

Location

Miles: 25 miles south of Nottingham, 38 miles north-east of Birmingham
Roads: M1, M69, A6, A50, A47
Rail: Leicester Railway Station (1 hour 8 mins to London St Pancras International)
Air: Nottingham East Midlands Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial four storey period building providing ground floor retail accommodation with ancillary accommodation on the upper three floors and basement.

VAT

VAT is applicable to this lot.

EPC

Band C

Description

The property comprises a substantial four storey period building providing ground floor retail accommodation with ancillary accommodation on the upper three floors and basement.

VAT

VAT is applicable to this lot.

EPC

Band C

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review (Reversion)
Ground Basement First Second Third	Retail Ancillary Ancillary Ancillary	71.40 36.10 50.00 29.20 19.10	(768) (388) (538) (314) (205)	LUCKMAN TRADING LIMITED (CRN: 11626723) t/a Pepe's (1)	25 years from 17/08/2012 (2)	£27,500	18/08/2027 (16/08/2037)
Total Approximate Floor Area		205.80 (3)	(2,213) (3)			£27,500

(1) Pepe's Piri Piri are a fast food shop restaurant operating from 239 locations across the UK (www.pepes.co.uk)
(2) The lease provides a Tenant option to determine on 18/08/2027.
(3)The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.