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12-20 Market Place & Cank Street

Desirable location within city centre adjacent to Leicester Market and St Martins Square  

Situated in the heart of the Midlands, Leicester is a vibrant, colourful and exciting region to eat, live, work and relax with something to offer for all.  The City benefits from one of the best green transport networks in the country with significant investment into a zero-carbon bus station, electric bus fleet and improved cycle routes, all of which has been recognised as a national success. 

The development presents an exciting opportunity to create a mixed retail centre alongside a new major through route within the city centre.  

The works involved will comprise the demolition of units 14 and 16 Market Place creating better connectivity between the markets at Cank Street and St Martins Square. The remaining properties at 12, 18 and 20 provide an exclusive prospect for the potential of Retail (Class E), Bars/ Restaurants within a prominent regeneration location.  

The property comprises a ground floor retail unit with first and second floor space. All of which can be used for the Retail and Sui Generis class use. Externally the ground floor currently benefits from a single glazed double frontage onto Market Place, in addition to secondary access onto Cank Street and St Martins square to the rear of the building. Units are to be in a shell and core state ready for the occupier to fit out.  

Planning Permission E (Sui Generis) 

To be let on Fully Repairing Insurance (FRI) basis 

New access route being created which will encourage footfall.  

To be primarily accessed from the front of Market Place or via Cank Street at the rear.  

The property will be offered for a minimum lease of 25 years. 

The below video and supporting images are based upon initial proposals to show the potential concept for the development. These are for illustrative purposes only.


The property is located fronting Leicester Market, with Cank Street and St Martins square to the rear of the demise. Highcross shopping Centre, Gallowtree Gate and Clock Tower are located nearby, as well as many retailers being in close proximity to the property. Such a central location within the city centre implies that there is excellent amount of footfall flowing throughout and is easily accessible for the public.  


Total Gross internal area of building – 436 m2, made up of ground and first floor space, with the site area of the demise at 0.3 acres.  

For further information contact:

Murray Sutherland,
Senior Estates Surveyor
0116 454 5168

Hiren Vaitha,
Senior Estates Surveyor
0116 454 6062


There is an extant planning permission (ref: no 20202082) for a number of works including the demolition of numbers 14-16 and the change of use of part the ground floor from storage to café.

Demolition of numbers 14-16 to have commenced; we would expect this to be at least the removal of the roof. 

Change of use of the ground floor from storage to café (the ground floor could subsequently be used as any Class E use). 

The full description reads: “Demolition of part of building and change of use from retail (Class E) and storage (Class B8) to public open space (Sui Generis); change of use of part of ground floor from storage (Class B8) to cafe (Class E); installation of shopfronts; construction of gable walls with shopfronts to sides; construction of raised roof heights; landscaping and alterations. 


The application information including Site Boundaries, FAQs, Draft Heads of Terms, and the  Application Form can be found using the links below. 

The closing date for submissions is Friday 15th March 2024, 12:00. Contact details can be found within the EOI. 

12-20 Market Place & Cank Street Information

EOI Application Form

Site Plan

Frequently Asked Questions

Draft Heads of Terms