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    Key features

    • Prominent Freehold City Centre Development Opportunity
    • Comprising three shop units and self- contained upper parts
    • Arranged over 9,039 sq ft
    • Well located in Leciester City Centre and near both the Cank Street regeneration scheme and Leicester Market regeneration
    • Benefitting from planning permission for a 23 bedroom scheme(1)
    • Total GDV in the region of £2.375m(2)
    • VAT is not applicable
    • Vacant
    • Six Week Completion Available

    Description

    The property is arranged over basement, ground and two upper floors to provide three shops with self-contained upper parts.

    Additional information

    Tenure

    Freehold

    Accommodation

    9 Cank Street

    Ground Floor - 79.95 sq m (861 sq ft)

    Basement - 28.75 sq m (309 sq ft)


    13-15 Cank Street

    Ground Floor - 162.20 sq m (1,746 sq ft)

    Basement - 118.10 sq m (1,271 sq ft)


    11 Cank Street

    First Floor - 214.80 sq m (2,312 sq ft)

    Second Floor - 235.95 sq m (2,540 sq ft)


    Total - 839.75 sq m (9,039 sq ft)

    Tenancy

    Vacant

    Planning

    (1)The property benefits from full planning permission (App no. 20240299) (January 2026) for the redevelopment and extension into the third floor to create 23 bedrooms arranged as;


    2 x Studio Flats

    3 X 3 Bedroom HMO

    2 X 6 Bedroom HMO


    (2)We estimate the gross development value of the consented scheme together with the three retail units once fully let to be in the region of £2.375 million. Buyers should rely on their own enquiries in this regard.


    All enquiries in this regard should be made with the local authorty Leicester City Council

    Website: https://www.leicester.gov.uk/

    Notes

    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.

      Local information

      The property occupies a prominent position in Leicester City Centre, within The Lanes shopping district, an established pedestrianised area known for its mix of independent retailers, cafés and specialist operators. Cank Street links Market Place with St Martins Shopping Centre, placing the property close to key city centre destinations including Highcross Shopping Centre, Leicester Market and Gallowtree Gate, all of which are within easy walking distance.


      The area benefits from excellent footfall, being situated in the Castle ward of the city centre within the Leicester South parliamentary constituency. Nearby services and amenities include primary/secondary schools, GP services, and Leicester Royal Infirmary approximately 0.6 miles away and De Montfort University and University of Leicester.


      Local Development


      The property is situated on Cank Street near the £2.6 million open space regeneration between Green Dragon Square and Cank Street and also adjacent to the £7.5million Leicester Market regeneration

      Transport

      The location is well‑connected, with Leicester Railway Station around 1 km to the east, and multiple bus stops serving the surrounding streets.

      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.

      •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.

      Addendums