Non quoting
Land for sale39-40 Market Place, Loughborough LE11
21,868 sq. ft
About this property
The property is located on Market Place within the central Loughborough retail zone.
The property occupies a prominent and highly visible town centre position on Market Place, forming part of Loughborough’s prime retail core. The property is situated directly opposite Carillon Court Shopping Centre and immediately to the south of The Rushes Shopping Centre, placing it at the heart of the town’s principal retail circuit.
The property is currently let to the Air Ambulance Service on a one-year lease commencing 13 November 2025 at a peppercorn rent.
The property is currently within Use Class E, following its previous use as a Primark unit from 2004 to 2025.
The unit is suitable for multiple redevelopment options such as residential/student redevelopment or a residential/student refurbishment subject to necessary planning consents.
Estimated Rates Payable: £46870
The property occupies a prominent and highly visible town centre position on Market Place, forming part of Loughborough’s prime retail core. The property is situated directly opposite Carillon Court Shopping Centre and immediately to the south of The Rushes Shopping Centre, placing it at the heart of the town’s principal retail circuit.
The property comprises a substantial two-storey retail unit with an extensive frontage to Market Place. It provides approximately 11,282 sq ft of ground floor accommodation, of which 10,545 sq ft is arranged as sales area, together with approximately 10,586 sq ft of first floor storage and ancillary accommodation. The property further benefits from a rear service yard accessed from High Street, adjacent to the former Ramada Hotel.
Location
Loughborough is a well-established market town in Leicestershire, strategically positioned between Leicester and Nottingham and benefiting from excellent regional and national connectivity. The town is situated approximately 11 miles north of Leicester and 15 miles south of Nottingham, with direct access to the M1 motorway (Junction 23), providing convenient links to the wider Midlands motorway network and onward connections to London, Birmingham and the North.
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