Key Information
- Approximately 0.378 acres (0.153 hectares)
- High profile city centre location
- Planning consent pending for 80 unit residential scheme
- Price on application
- The following information is available: CGIs Design and Access Statement Site Drawings Planning Documentation and Reports
- Price on application
A well-located residential development site extending to circa 0.378 acres, clear of buildings and ready for development.
Location
The site enjoys a high-profile corner position at the junction of Vaughan Way (A594) and St Margaret's Way (A6), in the heart of Leicester City Centre. Vaughan Way forms a key part of the city's inner ring road, while St Margaret's Way provides one of Leicester's principal arterial routes, serving as a link connecting the wider county to the inner ring road. The surrounding area has seen substantial regeneration in recent years. Immediately to the southwest sits The Wullcomb, Long Harbour's landmark build to rent scheme delivering 297 high quality residential apartments. Beyond this, the impressive No.1 Great Central Square development has recently been completed, introducing a vibrant mixed use destination featuring a Novotel hotel, an aparthotel, and 33,000 sq ft of prime Grade A office space. Together, these schemes have transformed the locality into a thriving hub of modern living, hospitality, and commercial activity. More recently, the former HMRC offices now known as The Saxons has been transformed into luxury accommodation for professionals providing 100 one and two bed apartments. The site is ideally positioned within easy walking distance of the Highcross Shopping Centre, Leicester's premier retail and leisure destination anchored by John Lewis. Public transport connectivity is excellent, with the refurbished St Margaret's Bus Station located directly opposite the site and Leicester Railway Station approximately 1.3 miles to the southeast. The surrounding area also benefits from strong educational provision. Leicester College lies just 0.5 miles to the east, while De Montfort University is situated around 1.5 miles to the southeast, contributing to a vibrant and well connected urban environment.
VAT
All figures are exclusive of VAT.
Services
Interested parties are advised to discuss the extent and availability of services with utility companies.
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
Measurements are quoted in accordance with the RICS Property Measurement Second Edition.
Planning
Planning consent is currently being sought for an eight storey residential development comprising 80 high quality apartments. The scheme provides a balanced mix of accommodation, including 42 one bed units, 30 two bed units and 8 three bed units. Further details and full supporting documentation relating to the planning application are available from the appointed agents upon request.
Viewing
Viewings are by appointment with sole agents Innes England