Home > Auctions > 24 November 2026 24 November 2026 - 9:00am > Lot 500

24 November 2026: Tuesday 24 November 2026 - 9:00am
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    Key features

    • Interested Parties will be invited to place bids via a set deadline (3rd November) the sale will take place via an auction contract (please refer to the notes)
    • Substantial Freehold Leisure Investment
    • Purpose-built leisure scheme extending to approximately 53,977 sq ft (5,015.5 sq m).
    • Prominent town centre position adjacent to Loughborough's principal bus interchange.
    • Comprising a former 8-screen Cineworld multiplex cinema and seven restaurant/leisure units.
    • Let to PizzaExpress, Nando's and Centro Lounge
    • Substantial site extending to approximately 1.72 acres (0.70 hectares).
    • Attractive university town with a student population in excess of 18,000.
    • Opportunity to increase income through occupation of the vacant accommodation.
    • VAT is applicable (TOGC intended)
    • Total Gross Rents £207,500 per annum (reflecting 10.37% GIY)

    Description

    The property comprises a purpose-built leisure development completed in 2016 on the site of the former Loughborough General Hospital. The scheme extends to approximately 53,977 sq ft GIA and comprises a former Cineworld multiplex cinema extending to approximately 28,342 sq ft together with seven ground floor restaurant and leisure units.


    The restaurant units range in size from approximately 3,135 sq ft to 5,070 sq ft. Three units are currently occupied by PizzaExpress, Nando's and Centro Lounge, whilst four units are vacant. The former cinema unit is also vacant, providing a substantial opportunity for re-letting, reconfiguration or alternative use, subject to obtaining any necessary consents.


    Site area 0.70 hectares (1.72 acres)

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please see the below schedule of accommodation and tenancies

    Tenancy

    Please see the below schedule of accommodation and tenancies

    Planning

    Planning permission was granted by Charnwood Borough Council on 6 December 2013 for the erection of buildings for D2 (cinema) and A3/A4 (restaurant/bar) uses together with associated works (Planning Reference: P/13/2157/2).

    Rent

    £207,500 p.a.

    Notes

    Joint Auctioneer

    Will Andrews

    KLM Real Estate- Director

    M: 07970 467 505

    E: wandrews@klm-re.com


    Bidding Process 


    Potential purchasers will be invited to place bids via a set deadline (3rd November). These offers will then be considered by the client and a best and final offers may be called.Should an offer meet the client's requirements a successful bidder will be selected and a sale will take place via an auction contract, which will be signed immediately along with receiving a 10% deposit. The property will be deemed as ‘sold prior to auction’. 


    Please note that the Vendor reserves the right not to accept the highest or any offer, withdraw the property from the market or to alter the method of sale at anytime. The Vendor retains the right to accept an offer outside the bidding process if they deem that the offer meets their requirements.


    When submitting your offer please provide the following information;

    Entity purchasing the property

    Your Solicitors details

    Certified ID and proof of address for the purchaser/s of the property

    Proof of funds for a minimum of 10% of the offer put forward.

    Confirmation that you can sign an auction contract, pay a 10% deposit straight away and complete within the time frames highlighted in the special conditions of sale.


    Please send offers to Ben Hodge ben.hodge@savills.com & Will Andrews wandrews@klm-re.com


    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack. 


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

        Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

        Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

        No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

        There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

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        Sales Particulars- Investment brochure -

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        Accommodation / Tenancy Schedule

        Local information

        Loughborough is a major university town in Leicestershire with a population of approximately 65,000 people and a student population in excess of 18,000. The town is situated approximately 10 miles north of Leicester, 13 miles south of Nottingham and approximately 99 miles north of London. The M1 motorway lies approximately 3 miles to the west via Junction 23, whilst Loughborough railway station provides regular direct services to London St Pancras, Leicester, Nottingham and Sheffield. East Midlands Airport is located approximately 7 miles to the north west.


        The property occupies a prominent position on Baxter Gate within Loughborough town centre, adjacent to the town's principal bus interchange. Nearby leisure and food occupiers include Papa Johns, Pepe's, Oodles Wok and Heavenly Desserts. The Rushes Shopping Centre, Carillon Court Shopping Centre and Beehive Lane Multi-Storey Car Park are all located within close proximity.

        Transport

        Rail - Loughborough Railway Station is located approximately 1 mile to the north-west and provides regular direct services to London St Pancras International (from approximately 1 hour 20 minutes), Leicester, Nottingham, Derby and Sheffield.


        Road - The property benefits from excellent road communications, with the A6, A512 and A60 providing access throughout the East Midlands. Junction 23 of the M1 motorway is situated approximately 3 miles to the west, providing direct access to the national motorway network.


        Air - East Midlands Airport is located approximately 7 miles to the north-west and provides a wide range of domestic and international passenger services.


        Bus - The property adjoins Loughborough's principal bus interchange, offering extensive local and regional bus services throughout Leicestershire and the wider East Midlands region.

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •Some properties might be open to offers prior to auction. Exchange will take place, subject to contract and no higher offers, on auction terms and as per the legal pack. Please contact the auctioneer with your best and final offer, their details can be found on each lot page.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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