Property for sale

Baxter Gate, Loughborough LE11

Strapline

Auction Sale - 24/11/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -

Freehold leisure investment and asset management opportunity comprising a substantial town centre leisure scheme extending to approximately 53,977 sq ft, producing £207,500 per annum with significant vacant accommodation and value-add potential.

Description

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)

Location

Loughborough is a major university town in Leicestershire with a population of approximately 65,000 people and a student population in excess of 18,000. The town is situated approximately 10 miles north of Leicester, 13 miles south of Nottingham and approximately 99 miles north of London. The M1 motorway lies approximately 3 miles to the west via Junction 23, whilst Loughborough railway station provides regular direct services to London St Pancras, Leicester, Nottingham and Sheffield. East Midlands Airport is located approximately 7 miles to the north west.

The property occupies a prominent position on Baxter Gate within Loughborough town centre, adjacent to the town's principal bus interchange. Nearby leisure and food occupiers include Papa Johns, Pepe's, Oodles Wok and Heavenly Desserts. The Rushes Shopping Centre, Carillon Court Shopping Centre and Beehive Lane Multi-Storey Car Park are all located within close proximity.

Transport

Rail - Loughborough Railway Station is located approximately 1 mile to the north-west and provides regular direct services to London St Pancras International (from approximately 1 hour 20 minutes), Leicester, Nottingham, Derby and Sheffield.

Road - The property benefits from excellent road communications, with the A6, A512 and A60 providing access throughout the East Midlands. Junction 23 of the M1 motorway is situated approximately 3 miles to the west, providing direct access to the national motorway network.

Air - East Midlands Airport is located approximately 7 miles to the north-west and provides a wide range of domestic and international passenger services.

Bus - The property adjoins Loughborough's principal bus interchange, offering extensive local and regional bus services throughout Leicestershire and the wider East Midlands region.

Tenancy

Please see the below schedule of accommodation and tenancies

Accommodation

Please see the below schedule of accommodation and tenancies

Planning

Planning permission was granted by Charnwood Borough Council on 6 December 2013 for the erection of buildings for D2 (cinema) and A3/A4 (restaurant/bar) uses together with associated works (Planning Reference: P/13/2157/2).