From
£550,000
Property for saleCank Street, Leicester LE1
About this property
To be offered on Wednesday 25th February
Prominent Freehold City Centre Development Opportunity
Comprising three shop units and self- contained upper parts
Arranged over 9,039 sq ft
Well located in Leciester City Centre and near both the Cank Street regenration scheme and Leicester Market regeneration
Benefitting from planning permission for a 23 bedroom scheme(1)
VAT is not applicable
Vacant
Auction Sale - 24/02/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
A prominent freehold City Centre Devleopment opportunity comprising three shops with self-contained upper parts over 9,039 sq ft and close to two major regeneration projects. Benefitting from planning permission for a 23 bedroom development scheme. Vacant
Description
The property is arranged over basement, ground and two upper floors to provide three shops with self-contained upper parts.
Location
The property occupies a prominent position in Leicester City Centre, within The Lanes shopping district, an established pedestrianised area known for its mix of independent retailers, cafés and specialist operators. Cank Street links Market Place with St Martins Shopping Centre, placing the property close to key city centre destinations including Highcross Shopping Centre, Leicester Market and Gallowtree Gate, all of which are within easy walking distance.
The area benefits from excellent footfall, being situated in the Castle ward of the city centre within the Leicester South parliamentary constituency. Nearby services and amenities include primary/secondary schools, gp services, and Leicester Royal Infirmary approximately 0.6 miles away and De Montfort University and University of Leicester.
Local Development
The property is situated on Cank Street near the £2.6 million open space regeneration between Green Dragon Square and Cank Street and also adjacent to the £7.5million Leicester Market regeneration
Transport
The location is well‐connected, with Leicester Railway Station around 1 km to the east, and multiple bus stops serving the surrounding streets.
Tenancy
Vacant
Accommodation
9 Cank Street
Ground Floor - 79.95 sq m (861 sq ft)
Basement - 28.75 sq m (309 sq ft)
13-15 Cank Street
Ground Floor - 162.20 sq m (1,746 sq ft)
Basement - 118.10 sq m (1,271 sq ft)
11 Cank Street
First Floor - 214.80 sq m (2,312 sq ft)
Second Floor - 235.95 sq m (2,540 sq ft)
Total - 839.75 sq m (9,039 sq ft)
Planning
(1)The property benefits from full planning permission (App no. 20240299) (January 2026) for the redevelopment and extension into the third floor to create 23 bedrooms arranged as;
2 x Studio Flats
3 X 3 Bedroom HMO
2 X 6 Bedroom HMO
All enquiries in this regard should be made with the local authorty Leicester City Council
Website:
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