Freehold Commercial & Residential Development Opportunity
Comprises a substantial three storey building with separately accessed rear car park for approx. 15 cars
Positive pre-application for redevelopment for housing (see planning)
Site area of approximately 0.13 Ha (0.32 Acres)
Prominent town centre location with excellent communication links
Opposite to Highcross Shopping Centre
VAT not applicable
Lot 14
Auction 17th September 2026
Vacant Possession
Status Available
Guide* £850,000
Sector High Street Retail, Development
Auction Venue Live Streamed Auction
On the Instructions of Dignity Funeral Directors
Property Information
Location
Miles
45 miles north-east of Birmingham, 28 miles south of Nottingham, 24 miles north-east of Coventry
Roads
A594, A6, A47, A50, A563, M1 (J21 & J22)
Rail
Leicester Railway Station (direct services to London St. Pancras in approx. 1 hour)
Air
East Midlands Airport
Situation
The property is prominently situated on the west side of Vaughan Way (A594), directly opposite Highcross Shopping Centre and adjacent to No.1 Great Central Square. The property also benefits from being within walking distance to Leicester Railway Station. Nearby occupiers include, Cosy Club, John Lewis, Screwfix and a a range of independent businesses.
Tenure
Freehold.
Location
Miles
45 miles north-east of Birmingham, 28 miles south of Nottingham, 24 miles north-east of Coventry
Roads
A594, A6, A47, A50, A563, M1 (J21 & J22)
Rail
Leicester Railway Station (direct services to London St. Pancras in approx. 1 hour)
Air
East Midlands Airport
Situation
The property is prominently situated on the west side of Vaughan Way (A594), directly opposite Highcross Shopping Centre and adjacent to No.1 Great Central Square. The property also benefits from being within walking distance to Leicester Railway Station. Nearby occupiers include, Cosy Club, John Lewis, Screwfix and a a range of independent businesses.
Tenure
Freehold.
Description
The property comprises a substantial three storey building with a former funeral parlour arranged over the ground floor and ancillary accommodation in the basement and on the first and second floors. The property also benefits from a rear car park for approximately 15 cars, which is accessed from Friars Causeway.
The property extends to a total approximate floor area of 1,327.60 sq m (14,290 sq ft) on a site of approximately 0.13 Ha (0.32 Acres).
VAT
VAT is not applicable to this lot.
Planning
An initial pre-application enquiry received a positive in-principle response from the Council regarding demolition and redevelopment for housing, subject to further pre-application or full planning submission. (See legal pack). All enquiries should be made to Leicester City Council (https://www.leicestershire.gov.uk/find-your-district-council)
council).
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial three storey building with a former funeral parlour arranged over the ground floor and ancillary accommodation in the basement and on the first and second floors. The property also benefits from a rear car park for approximately 15 cars, which is accessed from Friars Causeway.
The property extends to a total approximate floor area of 1,327.60 sq m (14,290 sq ft) on a site of approximately 0.13 Ha (0.32 Acres).
VAT
VAT is not applicable to this lot.
Planning
An initial pre-application enquiry received a positive in-principle response from the Council regarding demolition and redevelopment for housing, subject to further pre-application or full planning submission. (See legal pack). All enquiries should be made to Leicester City Council (https://www.leicestershire.gov.uk/find-your-district-council)
council).
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Possession
Basement Ground First Second
Ancillary Commercial Office Office
189.10 607.10 421.10 110.30
(2,035) (6,535) (4,533) (1,187)
VACANT
Total
1327.60
(14,290)
NB: Please note that there is a restriction on funeral use for this property - please see the legal pack for details. (1) 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.
