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Leicestershire Special Report


State-Of-The-Art Office Complex Comes Onto the Market in Cossington, Leicester


An outstanding office premises with prime urban links and premium facilities has become available for sale with vacant possession or to let just north of Leicester, though joint commercial property agents Mather Jamie and Lambert Smith Hampton (LSH).


The purpose-built property is a sleek, two-storey detached glass and steel structure occupying a highly prominent location within Charnwood Edge Business Park on Syston Road, Cossington.


A key advantage of the site is the fast access it affords to the A46, Junction 21 of the M1 and the Leicester western bypass, with Leicester itself just six miles to the south, Loughborough eight miles north and Nottingham 20 miles to the north.


In terms of layout and amenities, the predominantly open-plan office complex is fitted to an impressive standard: the double-height atrium reception area leads to private office suites and dedicated meeting rooms on both levels, as well as a generous-sized board room.


Kitchen and separate WC facilities are available on both floors, in addition to a break-out area and gym with shower facilities on the first floor.


Another benefit is the provision of ample on-site parking for up to 86 cars within the landscaped grounds, including three disabled vehicle spaces.


The offices are on the market at £2.75m, or available to rent at £250,000 per annum, on a new lease for terms to be agreed.


Palace Capital Lets 23,500 sq ft to Leisure Operator at Sol Northampton


Last year Palace Capital (LSE: PCA) completed a 15 year lease of 23,500 sq ft with Gravity Fitness (Northampton) Ltd at its Sol Northampton leisure scheme. Following the opening in June 2019 of Soo Yoga by former England Rugby International, Ben Cohen


MBE and Kristina Rihanoff, the world finalist professional ballroom dancer who appeared on the BBC’s Strictly Come Dancing, who signed a 15-year lease at the scheme in February. This latest letting represents 53% of the total vacant space. The lease agreed with Gravity Fitness is at an initial rent of £141,000 per annum, with a minimum increase every five years based on the changes to RPI plus a percentage of turnover, once it reaches £1.0 million per annum. The new activity centre, which will be in the space formerly occupied by Gala Casinos, is expected to open in October this year. The parent company, Gravity Fitness Ltd will be guaranteeing the terms of the lease until December 2024.


In line with its repositioning strategy for Sol Northampton, Palace Capital provided a 6 month rent free period and contribute towards the fit out of the unit as it aims to continue to attract high quality tenants and to reinvigorate the leisure centre, which comprises over 200,000 sq ft within five minutes’ walk of Northampton Railway Station.


GCW, EJ Hales and Patrick Punch advised Palace Capital & Savills represented Gravity Fitness.


For further


information please contact


Howard Parsons on 01544 318788 or email


hfp@wwlgroup.co.uk COMMERCIAL PROPERTY MONTHLY 2020 19


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