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Property for sale / Leicester

Commercial · For sale

1-9 Gallowtree Gate, Leicester – Prime High Yielding Retail Investment

1-9 Gallowtree Gate, Gallowtree Gate, Leicester, Leicester, LE1 1DA

Guide price £3,700,000

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Tenure
Freehold
Added
18 Oct 2026

About this property

A prominent corner retail parade arranged over basement to fourth floors, extending to approximately 17,558 sq ft, comprising five retail units at ground floor with ancillary accommodation above. 5 Gallowtree Gate is a particularly attractive Grade II listed building, with the upper floors benefiting from self-contained access, providing potential for alternative uses (STPP). For indicative purposes only. © Crown Copyright and database rights 2026 OS.

Key points: - Leicester is the second largest city in the East Midlands, c.43. - Population of c.575,000, contributing around £23.5 billion annually to the Midlands economy; student population of over 45,000 (University of Leicester and De Montfort University). - Prominent corner position on the pedestrianised Gallowtree Gate, directly opposite the principal entrance to the Haymarket, in the heart of the city centre. - Virgin Money, Chopstix and Flawless Vapes have all renewed leases or removed breaks to stay in occupation. H Samuel have opened negotiation to remain at lease expiry. - WAULT of 4.03 years to expiry and 2.69 years to break. - Current net income of £441,088 per annum. - Chopstix (Chopstix Restaurant Ltd, guarantor Chopstix Group Ltd): RPI-linked reviews, 2% collar / 4% cap. August 2026 break not exercised; tenant agreed to remove the 2028 break in return for 3 months' rent free. - Virgin Money (Clydesdale Bank PLC): open market reviews. Contributes £500 pa to the 5 Gallowtree Gate service charge for an escape route through the property. - Flawless CBD & Vape Shop (Flawless Vape Shop Ltd): break 01/04/2027 on 6 months' notice. - 5A Gallowtree Gate: vacant upper parts with self-contained access, suitable for a variety of uses including residential conversion (STP).

Figures are taken from the vendor's particulars and are subject to contract. Enquire through PropSale for the full information pack.

Features

  • Net Income: £441.1k pa
  • Net Initial Yield: 11.65%
  • Tenure: Freehold

Location