Because of Leicester's geographic location at the hub of the midland motorway network a large portion of the Commercial Property in Leicester is warehouses and distribution units. Around the outskirts of the city there is a mix of stock from the 1960's to more recent developments of a better specification. Most business parks in Leicester benefit from access to the M1 in 5 minutes and the M6 in 20 minutes. Leicester also is conveniently located to East Midlands airport only 20 miles from the city centre.
In the centre of the City, regeneration of the waterways, namely the River Soar and the Grand Union Canal, is producing new mixed use property. The old warehouses are being regenerated into flats for modern living on the 1 floor and above, whilst on the ground floor new retail units are bring created.
Leicester Retail Property
Highcross Leicester is the major shopping centre, it contains over 120 shops, with a range of both large and smaller units, including branches of the department stores House of Fraser, Debenhams & John Lewis, with rents of around £195psf. The Highcross development has moved the centre of gravity of the traditional city retail scene and there are as a result numbers of empty premises to the south of the centre. Out of town at the M1 junction lies the Fosse Shopping Park, which is fully occupied at rents of about £105psf. The famous covered market in the city is being redeveloped to provide a plaza and new public open space.
Leicester Office Property
Office space in Leicester has been developed in recent years, largely at the Meridian Park near the M1 junction, but this is now at capacity, with rents at around £16.50 psf. New speculative development in the Business Quarter next to the Railway station has produced a stock of Grade A property, but the out of town market has been the most active and some new speculative is in progress at Glenfield Park and Braunstone.
Leicester Industrial Property
Quality Industrial property is in short supply at around £5.50 psf, as there is a good supply of second-hand space, with accounts for 65% of the total at around £3.50 psf.
UKBusinessProperty aims to offer an extensive selection of commercial property available to rent or buy in Leicester.
At UKBusinessProperty we offer commercial property listings in the areas in Leicester.
So it doesn’t matter what type of commercial property you are looking for in Leicester, we aim to provide you with the best possible choice.
Thinking about the factors that you require carefully before starting a search for commercial property can save you time and effort. Along with the monthly rental payments or mortgage repayments you need to ensure that the business can afford the associated over heads with a certain commercial properties, such as business rates and utility costs. In most cases these few points would be worth considering, but there are usually plenty of other valid points that should also be considered on a case-by-case basis before you actually make an offer on a commercial property.