Firefighters have told ITV News Central a large part of the Cash Converters building on Kings Heath High Street has collapsed following a fire this morning.
They received a 999 call at 5.02am to reports of smoke coming from the building. Police are investigating the cause but say they are treating the fire as suspicious.
The building on York Road is the former Ritz Ballroom that hosted the likes of The Beatles, Pink Flloyd and the Rolling Stones.
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A consultation begins today on how Leicester's Golden Mile could look if a proposed revamp is given the go-ahead.
After a dry start with some sunny spells, cloud will thicken to bring some outbreaks of rain across the region from late morning.
After a largely fine morning with some sunshine, cloud and showery rain will gradually spread in from the west from early afternoon.