Student site up for sale for almost £700,000

The site in Leicester

A potential student accommodation site in Leicester is set to go under the hammer in Bond Wolfe’s next auction on Thursday 15 September.

The site at 47 Clarence Street was previously granted planning permission for the demolition of an existing building and development of 47 student flats in May 2017 but this has now lapsed.

The auctioning of this site follows the sale of land at 44 Conduit Street, Leicester, in Bond Wolfe’s July auction for £530,000 from a guide price of £495,000.

47 Clarence Street comes with a guide price of £695,000-plus and provides a freehold development opportunity on land of about 0.11 acres.

The site is on the corner of Clarence Street, Lee Street and Hill Street, close to Leicester city centre.

Colin Totney, land and development surveyor at Bond Wolfe, said: “Our earlier successful sale of land at 44 Conduit Street proves there is strong demand for development opportunities in the centre of Leicester and we are already experiencing significant interest in the land at 47 Clarence Street.”

Totney added: “With our livestreamed property auctions we are attracting interest from investors from across the UK and overseas, as well as from the West Midlands. Developer and builders are looking for the right site at the right price, and they know that is what they will find at our auctions.”

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