Property photos
Just added
Freehold
Offers over
£1,350,000
Property for sale
Braunstone Gate, Leicester LE35 baths
Local area information
Property location
Nearby amenities
- Shaftesbury Junior School 0.2 miles
- King Richard III Infant and Nursery School 0.2 miles
- Leicester 0.8 miles
- South Wigston 3.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Leicester to find out more about the local area.
Features and description
- Freehold
Braunstone Gate, Leicester – LE3 5LG
A landmark, trophy building positioned on one of Leicester’s most vibrant and high-demand streets. This imposing corner block offers a rare blend of secure income, future redevelopment scope, and a fully separated upper residential section with its own postcode and independent Hanover House entrance.
This is a genuine long-term hold with both stability and uplift built in - a combination rarely available in this location.
Current Income Breakdown
Ground Floor & Basement – Let to an Established Operator
•Lease: 7-year term from 1 May 2025
•Passing Rent: £40,000 per annum + VAT (£750 per week)
•Lease benefits: Inside the Landlord & Tenant Act, reinforced by group company covenant and two personal guarantees offering strong security of income.
Upper Floors – Five Self-Contained Flats
•Each flat currently let at £675pcm
•Total existing residential income: £40,500 per annum (gross)
Total building income: Approx. £80,500 per annum.
Titles for the flats and commercial elements have already been split, and the management company is set up - reducing legwork for future restructuring, refinancing or sale.
Reconfiguration / Student Scheme Potential
The configuration of the upper floors lends itself naturally to a 10-studio layout (subject to pd/Planning).
Using realistic, localised rental assumptions:
•£170 per week per studio (inclusive of bills)
•Let over a typical 48-week academic period
Projected student income:
£170 × 10 units × 48 weeks = £81,600 per annum
Combined with the commercial rent, this delivers:
Total projected income: C. £122,000 per annum
With vendor estimates of £80,000–£85,000 refurbishment spend, this represents an exceptionally attractive yield-on-cost for the right operator.
Why This Stands Out
? Trophy asset with a striking red-brick façade and high visual presence
? Prime corner position with strong passing footfall
? Already income producing with secure covenants
? Separate residential entrance & postcode (Hanover House)
? Immediate uplift opportunity via student reconfiguration
? Title split already completed - reducing future legal complexity
? Excellent location close to dmu, Leicester Royal Infirmary & the city centre
A building with presence, profit and genuine potential - ideal for seasoned investors, developers, and portfolio builders.
Vendor Flexibility
The vendor is open to discussing an extensive delayed completion, subject to an immediate exchange, for the right buyer. This opens the door for structured finance, planning-led strategies or staged development approaches.
A landmark, trophy building positioned on one of Leicester’s most vibrant and high-demand streets. This imposing corner block offers a rare blend of secure income, future redevelopment scope, and a fully separated upper residential section with its own postcode and independent Hanover House entrance.
This is a genuine long-term hold with both stability and uplift built in - a combination rarely available in this location.
Current Income Breakdown
Ground Floor & Basement – Let to an Established Operator
•Lease: 7-year term from 1 May 2025
•Passing Rent: £40,000 per annum + VAT (£750 per week)
•Lease benefits: Inside the Landlord & Tenant Act, reinforced by group company covenant and two personal guarantees offering strong security of income.
Upper Floors – Five Self-Contained Flats
•Each flat currently let at £675pcm
•Total existing residential income: £40,500 per annum (gross)
Total building income: Approx. £80,500 per annum.
Titles for the flats and commercial elements have already been split, and the management company is set up - reducing legwork for future restructuring, refinancing or sale.
Reconfiguration / Student Scheme Potential
The configuration of the upper floors lends itself naturally to a 10-studio layout (subject to pd/Planning).
Using realistic, localised rental assumptions:
•£170 per week per studio (inclusive of bills)
•Let over a typical 48-week academic period
Projected student income:
£170 × 10 units × 48 weeks = £81,600 per annum
Combined with the commercial rent, this delivers:
Total projected income: C. £122,000 per annum
With vendor estimates of £80,000–£85,000 refurbishment spend, this represents an exceptionally attractive yield-on-cost for the right operator.
Why This Stands Out
? Trophy asset with a striking red-brick façade and high visual presence
? Prime corner position with strong passing footfall
? Already income producing with secure covenants
? Separate residential entrance & postcode (Hanover House)
? Immediate uplift opportunity via student reconfiguration
? Title split already completed - reducing future legal complexity
? Excellent location close to dmu, Leicester Royal Infirmary & the city centre
A building with presence, profit and genuine potential - ideal for seasoned investors, developers, and portfolio builders.
Vendor Flexibility
The vendor is open to discussing an extensive delayed completion, subject to an immediate exchange, for the right buyer. This opens the door for structured finance, planning-led strategies or staged development approaches.
Floor plans and tours
Floor plans (7)
More information
Listed by
Crowther Key Ltd
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Property descriptions and related information displayed on this page are marketing materials provided by - Crowther Key Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Crowther Key Ltd for full details and further information.