Description

*** PRIME INVESTMENT LAND / POTENTIAL PARKING OPPORTUNITY *** Land at Coleman Road and Woodborough Road, Leicester, LE5 4JZ. LUCRATIVE COMMERCIAL POTENTIAL for a change of use to parking (STPP)

STRATEGIC PROXIMITY: SITUATED APPROXIMATELY 100 METRES FROM LEICESTER HOSPITAL BUILDINGS. High demand location with the city population of 400,000 and hospital parking shortages. Generous scale.

LUCRATIVE COMMERCIAL PROSPECT FOR INVESTORS OR DEVELOPERS to explore creating a structured, high-turnover car park, subject to achieving the appropriate local planning permissions.

The total area is 32,830ft² in picture 2 and is coloured (yellow) - 3,050m² (0.305ha, 0.743acres) or thereby. The land is currently zoned as amenity land, change of use requires Planning consents.

Chronic shortage of hospital parking, a well-managed parking solution on this 32,830ft² location could yield significant financial returns low-entry auction lots of this nature rarely come up for sale

*** PRIME INVESTMENT LAND / POTENTIAL PARKING OPPORTUNITY *** Location: Land at Coleman Road and Woodborough Road, Leicester, LE5 4JZ Plot Size: Approx. 32,830ft² (3,050m² / 0.743acres) Key Features Strategic Proximity: Situated approximately 100 metres from Leicester Hospital buildings. High-Demand Location: Positioned in a bustling city with a population of over 400,000, where hospital staff, visitors, and patients continually face severe parking shortages. Development Potential: Currently amenity land offering an exceptional commercial angle to establish much-needed paid parking facilities (subject to obtaining the necessary planning consents). Generous Scale: Spanning a substantial footprint of 32,830ft² (approx. 0.74 acres). Property Description An exciting and rare opportunity to acquire a substantial parcel of amenity land measuring approximately 32,830ft² (3,050 m²). Located just 100 metres from Leicester Hospital, this plot sits in a prime hotspot for commuter and visitor demand. Like many major healthcare sites across the UK, parking in the immediate vicinity is at an absolute premium. This land presents a lucrative commercial prospect for investors or developers to explore creating a structured, high-turnover car park, subject to achieving the appropriate local planning permissions. Whether held as a long-term strategic asset or developed for immediate cash-flow potential, low-entry auction lots with this level of upside rarely come to the market. Potential Parking Profit Breakdown (Illustrative Scenario) Given the chronic shortage of hospital parking, a well-managed parking solution on this 32,830ft² plot could yield significant financial returns: Estimated Capacity: After accounting for access lanes and turning circles, a site of this size (over 32,000ft²) can comfortably accommodate approximately 70 to 90 standard parking bays. Daily Tariff: Assuming a modest, highly competitive daily or commuter rate of £6.00 per space (compared to steeper hospital or commercial garage fees). Utilization Rate: Based on a conservative 50% average occupancy across Monday–Friday working hours (approx. 250 days a year) plus weekend visitors: Daily Revenue (75 spaces @ 50% capacity / ~38 cars): ~£228 per day Annual Gross Potential: ~£55,000 to £70,000 per year gross revenue. Operating Margins: Even after factoring in setup costs (surfacing/marking), ANPR/pay-and-display management systems, maintenance, and business rates, the net yield relative to the modest £9250 opening bid highlights an extraordinary return on investment. Local Amenities Healthcare Hub: Anchored primarily by the sprawling Leicester General Hospital complex right on the doorstep, driving daily professional and visitor footfall. Retail & Convenience: Close proximity to local neighbourhood retail parades, convenience stores, and larger shopping hubs like the Hamilton and Evington retail areas. Community Facilities: Surrounded by dense residential housing, local schools, parks, and community centers, contributing to the steady, everyday urban activity of the district.

Maps & Location

Setting: Located in the Crown Hills/Goodwood area of Leicester (LE5 4JZ), a well-established residential and commercial suburb east of the city centre. Proximity to Key Infrastructure: The standout feature of this location is its direct placement just 100 metres from Leicester General Hospital, making it a high-demand zone for visitors, patients, and staff. Demographics: Leicester is a vibrant, growing city with a population exceeding 400,000, ensuring a steady, high-volume flow of commuter and visitor traffic year-round. Transport Links Bus Services: The area is exceptionally well-serviced by local public transport. Key bus stops (such as the Ambulance Station, Barnes Heath Road, and Woodborough Road stops) are just a 2 to 5-minute walk away. Frequent local routes like the 15, 16, 40N, 40S, and HH (Hospital Hopper) connect the area directly to the city centre, Leicester railway station, and neighboring hubs like Hamilton and Beaumont Leys. Hospital Hopper (HH): This dedicated electric shuttle service links Leicester’s main hospital sites (General Hospital, Royal Infirmary, and Glenfield Hospital) as well as the central railway station, making cross-city medical transit seamless. Road Networks: Good road connectivity via arterial routes into Leicester city centre and toward the outer ring roads, linking easily to the A47 and key motorway networks (M1/M69).

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