Mather Jamie signs deal on new apartments for city dwellers

The 14 new apartments, aimed at students and young professionals, are being developed on Albion Street, off Belvoir Street, in a multi storey building which was most recently used as a document store.

The building neighbours similar existing residential properties, and is also near Casa Romana, a well-established Italian restaurant.

Alex Reid of Mather Jamie comments: “We’re glad that the sale of this former factory and store has completed successfully, adding to the redevelopment of Leicester’s city centre.

“This site is located in an increasingly popular residential area for students and young professionals, located within walking and cycling distance of both the city’s universities, its railway station, and many shops, restaurants and bars.”

Planning approval has recently been given for the conversion of the property, which is set across five storeys, including a basement, and occupies a total of nearly 6,300 sq ft.

Purchaser Shezad Tayub, of developer Grandeur Capital Ltd, part of Reliance Properties, said: “We are working to convert this property to superior apartments, which we hope will appeal to Leicester’s growing metropolitan class.”

For details of similar land opportunities please contact Alex Reid on 01509 233433.

Established in 1991 and based in the East Midlands, Mather Jamie Chartered Surveyors is an independent mixed commercial and agricultural practice with a long established and unrivalled reputation for delivering reliable advice and expertise on residential and commercial developments. For more information please telephone 01509 233433 or visit www.matherjamie.co.uk.