Development land — Leicester (SO14)

The quoting price is £17,158,885 for 36,429 sq ft. Non-residential stamp duty land tax on that figure is approximately £847,444 (England and Northern Ireland freehold bands). Budget separately for legal fees, a building survey, agent fees and any VAT that may be chargeable on the purchase price.

This opportunity is offered long leasehold. The indicative net initial yield is 5.68%, which assumes the passing rent and purchaser's costs stated in the marketing particulars. Your solicitor should review title, any occupational leases, service-charge history and outstanding dilapidations before exchange.

The listed use class is E(c) within the land & development sector. Since the 2020 Use Classes Order many commercial, business and service uses sit within Class E and can change without a planning application, but sui generis uses (such as drinking establishments, hot food takeaways and cinemas) do not. Confirm the permitted use and any restrictive covenants with the local planning authority before signing.

Use the enquiry form on this listing to request a brochure, book an inspection or submit terms — it goes straight to the marketing agent, who normally responds within one working day. Offers on commercial property are made subject to contract and, where relevant, subject to survey and board approval; a memorandum of sale is issued once terms are agreed.