Major Leicester city centre development opportunity launched at £5.75 million

Our commercial agency team has been instructed to market one of Leicester city centre’s most significant consented development opportunities, offering the chance to deliver a landmark mixed-use residential and hotel scheme in a highly prominent location.

The cleared freehold site at 97 Church Gate, Leicester, is being offered for £5,750,000 and benefits from planning permission for a substantial development comprising 142 apartments and a 170-bedroom hotel.

We are marketing the opportunity jointly with Enterprise Hotels & Hospitality.

The site was formerly occupied by the well-known Liquid & Envy nightclub, which operated under various names over the years including Krystals, Blueprint and Creation, before a major fire in October 2022 resulted in the building being demolished.

Our managing director, James Mattin, said:

“We are delighted to be bringing this major city centre development opportunity to the market alongside Enterprise Hotels & Hospitality.

“The site occupies an exceptional location and offers developers the chance to deliver a transformative scheme that will make a significant contribution to Leicester city centre.

“With planning consent already in place for both residential and hotel accommodation, the opportunity is ideally positioned to capitalise on continued demand within both sectors.”

Planning permission was granted in February 2021 for the construction of a mixed-use scheme comprising a hotel building ranging from one to seven storeys, alongside residential accommodation arranged across buildings of eight, ten and fourteen storeys.

The approved residential scheme will provide:

• 22 studio apartments
• 67 one-bedroom apartments
• 53 two-bedroom apartments

Gavin Wright, managing director of Enterprise Hotels & Hospitality, said:

“We are pleased to bring this prime Leicester development opportunity to market alongside Bond Wolfe.

“This is one of the most significant consented schemes currently available within the city centre and we anticipate strong interest from developers seeking to deliver much-needed residential and hotel accommodation in a highly connected urban location.”

The site occupies a highly prominent position at the junction of Church Gate, Vaughan Way, Burleys Way and Leicester’s inner ring road, immediately adjacent to St Margaret’s Bus Station.

Located within one of Leicester’s established commercial and retail districts, the site benefits from excellent connectivity to Leicester Railway Station, the city centre and major road links including the M1 and M69 motorways.

Church Gate also provides direct access to Leicester’s Highcross shopping destination and the city’s thriving Cultural Quarter, making the location particularly attractive for both residential and hospitality uses.

Further details are available from James Mattin by emailing jmattin@bondwolfe.com or calling 0121 525 0600.