Land for sale

Church Gate, Loughborough LE11

An outstanding freehold property located on one of Loughborough’s most sought-after pedestrianised shopping streets. Three storey building with a detached barn with pre-planning for two apartments, accessed via the rear courtyard garden. A wonderful investment opportunity.

The main building has undergone an extensive programme of refurbishment in recent years and now offers a substantial ground floor retail/office unit (Use Class E), together with two upper floors of high-quality office accommodation.

To the rear of the property is a surprisingly large garden plot, beyond which stands an impressive two-storey Victorian former hosiery factory, latterly used as a bakery. This building is currently vacant and has pre-planning for two one bedroom apartments. It presents significant development potential, subject to obtaining the necessary planning consents.

Ground Floor – Retail / Office
The spacious ground floor benefits from large, attractive display windows, making it ideal for a variety of retail or professional uses. Step-free access leads into accommodation comprising:

• Three meeting rooms
• Rear lobby
• Two WCs
• Store room
• Kitchenette
• Rear office with staircase access to the first floor
• Rear store room / access area

First Floor
Recently refurbished to a high standard, the first floor provides a suite of offices and meeting rooms, fully fitted with emergency lighting and fire safety systems. The layout includes:

Landing

• Office kitchen
• WC
• Four office rooms
• Store room

Second Floor
Accessed via staircase from the first floor, this level comprises:

• Large landing
• Three further office rooms

Outside
The property fronts the popular Churchgate, positioned in the heart of Loughborough town centre. A gated pedestrian access to the right-hand side leads to a small covered area shared with neighbouring premises. This opens onto a generously sized rear urban garden, an unexpected feature for such a central location. The garden provides external access to a cellar and to the unused two-storey Victorian outbuilding.

Two-Storey Victorian Building
Originally constructed as a hosiery factory during the Victorian era and later used as a bakery, this impressive character building offers substantial scope for redevelopment. The accommodation includes a ground floor, first floor, and a vaulted cellar. While the building is currently unused and requires renovation, it is considered to be in reasonable overall structural condition (subject to survey).

No formal planning applications have been submitted to date; however, previous concepts and drawings have been prepared (available for inspection). Any redevelopment or alteration would be subject to planning permission and consideration within the Church Gate Conservation Area.

Extra Information

The ground floor is rented at £1500 pcm and the middle floor rented at £1750 pcm plus business rates. The second floor is currently vacant and if rented would attract further rental income plus the potential with the Barn at the rear. Current rent is £39,000 pa plus business rates paid.

54 Church Gate, Loughborough, Leicestershire, LE11 1UE

Rateable Value: £18,250
Business Rates Reference:

The property has historically been used under Use Classes A1 and A2 (Retail and Financial / Professional Services) and is now understood to fall within Use Class E. Prospective purchasers are advised to make their own enquiries and to verify all relevant information with their solicitor prior to exchange of contracts. Any proposed change of use will be subject to the appropriate planning consent.

The title comprises 54,54a and 54b Church Gate, Loughborough, and is offered freehold with vacant possession on completion.

Please note: The current occupier continues to trade and will remain unaffected by the sale.

Contact Craig Stephens Director at Riva Lily.

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