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House
Land at Holloway Head, Birmingham, West Midlands, B1 1NG
£1,300,000
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Our Summary
- 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
- 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
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Description
The property is a freehold ground rent investment interest on a 2,401 sq m site in Birmingham city centre. It has a 150-year lease from 2018 with 142 years remaining and upwards-only rent reviews every 10 years, indexed to the Retail Price Index (RPI). The permitted development scheme allows for up to 487 residential units, with additional income protections, including a penalty rent uplift and rent escalation.