Retail in LE1 available for sale
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Retail Properties for Sale in LE1, Leicester

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Find Retail Property for sale in LE1 that meets your business or investment goals

Including shops for sale, high street units, retail warehouses, petrol stations, showrooms, and leisure-focused retail spaces.

More details for 32-38 Market Pl, Leicester - Retail for Sale

Odeon Arcade - 32-38 Market Pl

Leicester, LE1 5HJ

  • Retail for Sale
  • £2,000,000
  • 24,504 sq ft
  • Energy Performance: D
  • Security System

Leicester Retail for Sale

This is a freehold mixed-use redevelopment opportunity in Leicester city centre, with planning for 13 retail units and 35 apartments. Offers are sought in excess of £2 million, subject to contract and exclusive of VAT. Odeon Arcade represents a rare opportunity to acquire a prominent freehold, residential-led mixed-use development opportunity in the heart of Leicester. The property is strategically located between Market Place and Cank Street, overlooking the historic Leicester Market Place and near the core city centre shopping district. It occupies a highly visible location within Leicester’s Market Place Conservation Area and features a distinctive retained frontage. Full planning permission has been granted by Leicester City Council for the demolition of the existing cinema building and redevelopment to create a new mixed-use scheme comprising 13 ground-floor retail arcade units and 35 self-contained apartments above.

Contact:

JBrown International

Property Subtype:

Shopfront Retail / Residential

Date on Market:

11/05/2026
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More details for 10 Friar Ln, Leicester - Retail for Sale

10 Friar Ln

Leicester, LE1 5RA

  • Retail for Sale
  • £250,000
  • 4,393 sq ft

Leicester Retail for Sale

Discover a remarkable commercial opportunity in the heart of Leicester's vibrant city centre. This leasehold property on Friar Lane, previously a successful restaurant, is perfectly positioned to elevate your business aspirations. Located on a prominent corner, it offers high visibility and excellent foot traffic, ideal for businesses looking to thrive in a bustling area known for its popular bars and restaurants offered to market for sale through the Modern <br/>Method of Auction which is operated by iamsold Limited. <br/> <br/> <br/>The property features a flexible layout with a welcoming entrance that opens into a spacious, open-plan area, ready to be tailored to your business needs. Two staircases lead to the lower level, which includes well-appointed offices, W/C facilities, a convenient storage room, and a functional kitchen. This design provides ample room for customer-facing operations as well as private administrative areas. <br/> <br/>With an impressive 992 years remaining on the lease, this property ensures long-term security. Service charges, covering communal maintenance, are available on request, and VAT will apply to the final sale price. <br/> <br/>This is a rare chance to establish your business in one of Leicester’s most dynamic commercial hubs. <br/> <br/>Auctioneer Comments <br/>This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation <br/>Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). <br/>If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information <br/>Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent <br/>information on the Buyer Information Pack fee, please contact the iamsold team. <br/>The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase <br/>price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the <br/>Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. <br/>Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service <br/> <br/>EPC Rating B <br/> <br/>Viewings are highly advised and are available by pre-arranged appointment only. Contact Home Property Sales & Lettings today to book your viewing.

Contact:

Home Property Sales

Property Subtype:

Shopfront Retail / Residential

Date on Market:

25/07/2025
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More details for 1 Newport Pl, Leicester - Retail for Sale

1 Newport Pl

Leicester, LE1 1DN

  • Retail for Sale
  • £180,000
  • 696 sq ft
  • Security System

Leicester Retail for Sale

Nestled in the vibrant heart of Leicester, Newport Place/Northampton Street nearby Granby Street presents an exceptional commercial freehold opportunity. This prime location on Northampton Street is ideally situated in the city centre, making it a highly sought-after spot for businesses looking to thrive or invest in prime property. Currently, the property is occupied by a well-established restaurant, which comes complete with an alcohol license, adding significant value to this investment. With an annual rent of £10,500, this property represents a lucrative investment opportunity for those looking to expand their property portfolio. The bustling city centre location guarantees high foot traffic, making it an attractive proposition for any potential buyer or investor. This is a rare chance to acquire a commercial property in a prime location, with the added benefit of an existing tenant. For further details and to explore this opportunity, please do not hesitate to contact Set To Let Estate Agents.

Contact:

Set To Let

Property Subtype:

Shopfront Retail / Residential

Date on Market:

27/03/2025
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More details for Market/Bowling Green Street – Retail for Sale, Leicester

Market/Bowling Green Street

  • Mixed Types for Sale
  • £1,950,000
  • 4 Properties | Mixed Types

Leicester Portfolio of properties for Sale

Fronting Market Street, the building comprises two retail units; 24A benefitting from tradeable ground and basement floor plates and 26 (unoccupied but let) comprising ground, first and second floor. The Bowling Green Street frontage has comprises two retail units and a self-contained office entrance leading to four floors of offices above.

Contact:

SPACE - Retail Property Consultants

Property Subtype:

Mixed Types

Date on Market:

16/11/2023
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LoopNet UK Leicestershire Leicester Retail Properties For Sale in LE1, Leicester, UK

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FAQs About Retail Property For Sale in LE1

See All Retail Spaces For Sale
How many retail properties are currently available for sale in LE1?
There are currently 5 retail properties available for sale. Sizes range from to , with an average size of. Available opportunities may include high street shops, retail units, shopping centre space, neighbourhood parades and mixed-use investments.
How much does retail property cost in LE1?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Values are influenced by factors such as location, footfall, tenant strength, lease terms and the overall condition of the property.
What factors influence retail property values?
Location is often the most important factor, alongside footfall levels, tenant quality, lease length, rental income, nearby occupiers and local market conditions. Properties with strong trading locations and established tenants may attract greater investor demand.
What sizes of retail property are available?
Available properties range from to , with an average size of. Opportunities may suit independent retailers, owner-occupiers, investors and larger multi-site operators.
What are the benefits of investing in retail property?
Retail property can provide long-term rental income and the potential for capital growth. Well-located assets with established tenants may offer predictable income streams, while properties with redevelopment or alternative-use potential can provide additional opportunities for value creation.
What risks should I consider before buying?
Potential risks include tenant vacancy, changing consumer behaviour, local competition, economic conditions and shifts in retail demand. Understanding the strength of the location and the sustainability of rental income is an important part of any acquisition decision.
How does lease length affect investment performance?
Longer leases can provide greater income certainty, while shorter leases may offer opportunities for rent growth or repositioning. Investors should review rent review provisions, break clauses and tenant obligations when assessing an asset.
What types of tenants occupy retail property?
Retail occupiers can include national retailers, convenience stores, restaurants, cafés, health and beauty businesses, service providers and independent operators. The mix of tenants can influence both investment performance and future demand.
Can a retail property be used for other purposes?
Many retail premises fall within Use Class E, which may allow a degree of flexibility between retail, office, hospitality, health and other commercial uses. However, any proposed change of use should be confirmed with the local planning authority.
What due diligence should I carry out before buying?
Buyers should review leases, tenant covenant strength, service charge arrangements, planning permissions, title documents, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax (SDLT), legal fees, surveys, finance costs, insurance and any refurbishment or maintenance works that may be required.

Discover More Retail Properties for Sale in the LE1, Leicester

With 5 retail units currently available for sale in LE1, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in LE1, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in LE1, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in LE1 can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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