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Guide Price£475,000

Site at 298B Melton Road, Rushey Mead, Leicester, LE4 7SL

Land size
0.48 acres

Key Features

  • LAND / INVESTMENT / POTENTIAL DEVELOPMENT
  • GUIDE PRICE: £475,000 - £495,000 PLUS VAT

Description

Sold for £480,000 plus VAT For Sale by Public Auction on 11/02/2026

Location:
The property is located on the corner of Lanesborough Road and opposite Soar Valley College.

Description:
A level site of approximately 0.48 acres currently used for storage of vehicles. The site is suitable for development subject to planning permission and a scheme for a drive through restaurant has been drawn up.

Planning:
Potential for development subject to planning.
Local Authority: Leicester City .

Tenure
Freehold, subject to existing lease.
A new 5 year lease has been agreed to commence 04.09.2025 with 3 yearly rent reviews and a tenant only break option at the end of the 3rd year with 6 months prior written notice at a rent of £29,000 plus VAT pax.

Solicitors
Murria Solicitors, Court Chambers, 180 Corporation Street, Birmingham B4 6UD
Tel: ~ Ref: A Kang

Property details

Tenure
Freehold
Council Tax Band
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Date Posted
2026-01-28

Utilities & Restrictions

Utilities

Electricity
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Water
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Heating
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Broadband
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Sewerage
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Rights & Restrictions

Public Rights of Way
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Private Rights of Way
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Listed Property
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Restrictions
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Property Features

Accessibility
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Parking
Parking Available
Garden
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Enquire about this property

Contact Kal Sangra Shonki Brothers, Leicester - Auctions

85 Granby Street Leicester LE1 6FB

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