Historic building snapped up in Leicester

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LEICESTER city centre has been put firmly on the map following the discovery of King Richard III’s remains and the commercial property sector is among the sectors that have benefitted.

Paul Watson, director at Innes England in Leicester, has recently completed on the sale of 21 St Martins – a period office building located opposite the new King Richard III visitor centre – to a private investor, and has observed an increase in interest in the city.

He said: “Since the discovery of King Richard III’s remains, the spotlight has been placed on Leicester and we have undoubtedly seen an upturn in interest and demand in the city, thanks largely to the increased profile we have enjoyed.

“There is now a very strong heritage and cultural offer in the city, which has improved its attractiveness not only to visitors but also to those looking to invest in Leicester.

“The extensive media coverage both nationally and locally has put Leicester at the heart of the region’s tourism industry and has created a real buzz around the city – which is something that is very attractive to investors.”

Innes England acted on behalf of the property’s owner to dispose of the 4,236 sq ft Grade II listed office building, located in the city’s Heritage Quarter. The property comprises a mix of open-plan and cellular office accommodation over three storeys.

Paul added: “We were delighted to be able to work with our clients on the sale of 21 St Martins, which will now undergo a refurbishment and renovation programme to further enhance its attractiveness.

“This deal is just one example of how Leicester has benefitted from the discovery of King Richard III in the city, and I am certain that interest will continue to increase as more and more people look to visit and invest.”