Leicester – High Yielding City Centre Retail Investment

33-39 Gallowtree Gate & 63 Market Place, Leicester, LE1 5GD

Offers in excess of £3,250,000

Property Type:
Sub Type:
Net Initial Yield:


£390,000 pa


  • Leicester is the second largest City in the East Midlands and a vibrant commercial centre.
  • Highly prominent retail parade with excellent frontage to the pedestrianised Gallowtree Gate, the principal shopping street in Leicester.
  • The property comprises a fully let retail parade of five well configured retail units, four of which front Gallowtree Gate and one fronting Market Place.
  • Three of the units benefit from dual frontages to Market Place, directly opposite Leicester Market.
  • Total area of approximately 34,150 sq ft arranged over basement, ground and two upper floors.
  • Total rental income of £390,001 per annum.
    77% of the income secured to Experian Rated 100, very low risk occupiers of WH Smith, Leicester City Council, C.E.X Limited.
  • WH Smith has been in occupation since 2008 and is complemented with the Post Office in the basement.
  • WAULT of 5.57 years to expiry, 4.65 years to break.
  • The upper parts are largely underutilised and present an opportunity for redevelopment, subject to vacant possession and the necessary consents.
  • Freehold.
  • Offers sought in excess of £3,250,000 reflecting an attractive net initial yield of 11.27% assuming standard purchaser’s costs and a low capital value of £95 psf.