Land at Holloway Head, Birmingham, West Midlands, B1 1NG
- PROPERTY TYPE
House
- SIZE
25,844 sq ft
2,401 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Prime City Centre Location
- Rare Investment Oppurtunity
- Freehold
- Offers in Excess of £1,300,000
- 4.38% NIY
- Passing Rent of £60,000 per annum
Description
Siddall Jones are pleased to present to the market this rare freehold ground rent investment interest at Holloway Head, Birmingham — a long
dated, RPI-linked income stream secured against a prime city centre development site in one of the UK's most active regeneration corridors.
The investment produces an immediate net initial yield of 4.38% with compelling reversionary potential at the first rent review in August 2028,
when the income is anticipated to rise materially in line with cumulative RPI growth since lease commencement in 2018.
The lease runs for 150 years from 31 August 2018, providing an unexpired term of approximately 142 years. Rent reviews are upward-only, RPI
indexed every ten years — the hallmark characteristics of an index-linked institutional investment. This type of opportunity is rarely available in
the open market.
The permitted development scheme provides for up to 487 residential units, with the tenant covenanted to complete the scheme within the
agreed development period. Additional income protections include a penalty rent uplift of £150,000 per annum if development is not
completed on time, and an escalator of £300 per annum per unit constructed above 487.
Location
The property is situated at Holloway Head, in the heart of Birmingham city centre, at the southern fringe of the Westside district — one of the most significantly transformed areas of the second city.
The site sits within a short walk of Brindleyplace, the Utilita Arena, Broad Street and the Southside district. Birmingham is the UK's second city with a population approaching 1.1 million in the city proper and a wider metropolitan area of circa 4 million people.
The city has benefited from sustained investment in infrastructure including HS2 (Curzon Street station), the Smithfield regeneration and continued transformation of the city centre residential offer. Holloway Head is an established residential and mixed-use location within the city's core regeneration corridor.
The site extends to approximately 2,401 sq m (2,872 sq yds).
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Land at Holloway Head, Birmingham, West Midlands, B1 1NG
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Visit our security centre to find out moreDisclaimer - Property reference 374889-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Siddall Jones Ltd, Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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