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Commercial Property, Charnwood, LE11

Baxter Gate, Loughborough LE11 1TH

The property comprises a purpose-built leisure development completed in 2016 on the site of the former Loughborough General Hospital. The scheme extends to approximately 53,977 sq ft GIA and comprises a former Cineworld multiplex cinema extending to approximately 28,342 sq ft together with seven ground floor restaurant and leisure units. The restaurant units range in size from approximately 3,135 sq ft to 5,070 sq ft. Three units are currently occupied by PizzaExpress, Nando's and Centro Lounge, whilst four units are vacant. The former cinema unit is also vacant, providing a substantial opportunity for re-letting, reconfiguration or alternative use, subject to obtaining any necessary consents. Site area 0.70 hectares (1.72 acres). Interested Parties will be invited to place bids via a set deadline (3rd November) the sale will take place via an auction contract (please refer to the notes) . Substantial Freehold Leisure Investment . Purpose-built leisure scheme extending to approximately 53,977 sq ft (5,015.5 sq m). Prominent town centre position adjacent to Loughborough's principal bus interchange. Comprising a former 8-screen Cineworld multiplex cinema and seven restaurant/leisure units. Let to PizzaExpress, Nando's and Centro Lounge . Substantial site extending to approximately 1.72 acres (0.70 hectares). Attractive university town with a student population in excess of 18,000. Opportunity to increase income through occupation of the vacant accommodation. VAT is applicable (