Offers over
£2,750,000
(£31.44/sq. ft)
Land for sale240 Holliday Street, Birmingham B1
87,479 sq. ft
Just added
Leasehold
About this property
Prime City Centre Location
Full Planning Consent- Approved January 2024
Unconditional Sale- Offers Over £2,750,000
106 Residential Apartments (C3): Studio, 1-, 2- and 3-Bedroom Units
Total NIA (Residential)- 68,115 sq ft
Total gia - 87,479 sq ft
Description
Siddall Jones is instructed to present this residential development opportunity in the heart of Birmingham city centre. The site represents a rare opportunity to acquire a cleared, consented site with full planning permission for 106 apartments.
The site comprises the open-air car park adjacent to 240 Holliday Street, within the Ladywood ward. There are no structures on site, eliminating demolition cost and programme risk, with vacant possession achievable within one month and currently let at £5,830 pcm.
The vendor holds a 250-year long leasehold from Birmingham City Council at a peppercorn ground rent, with potential for the freehold to be acquired separately by a purchaser.
Location
240 Holliday Street sits within the Ladywood ward - one of the most active residential development zones in the West Midlands - immediately south-west of the city core, surrounded by consented and completed apartment schemes.
The area is undergoing rapid transformation, with multiple consented towers and btr schemes flowing into Ladywood and the wider Westside district.
Walking distance of Centenary Plaza, Brindleyplace & the icc Fast connectivity via New Street & Snow Hill stations to London Euston Adjacent to the emerging Canal Wharf & Register Office quarter
The Site
Currently operating as a pay-and-display car park, terminable on one month's notice - enabling rapid mobilisation of a development programme.
With no existing buildings, a purchaser can proceed directly to construction following discharge of planning conditions, without demolition cost or delay.
Tenure
250-yr long leasehold, peppercorn rent
Freeholder
Birmingham City Council
Exchange
Prompt - non-refundable deposit
Siddall Jones is instructed to present this residential development opportunity in the heart of Birmingham city centre. The site represents a rare opportunity to acquire a cleared, consented site with full planning permission for 106 apartments.
The site comprises the open-air car park adjacent to 240 Holliday Street, within the Ladywood ward. There are no structures on site, eliminating demolition cost and programme risk, with vacant possession achievable within one month and currently let at £5,830 pcm.
The vendor holds a 250-year long leasehold from Birmingham City Council at a peppercorn ground rent, with potential for the freehold to be acquired separately by a purchaser.
Location
240 Holliday Street sits within the Ladywood ward - one of the most active residential development zones in the West Midlands - immediately south-west of the city core, surrounded by consented and completed apartment schemes.
The area is undergoing rapid transformation, with multiple consented towers and btr schemes flowing into Ladywood and the wider Westside district.
Walking distance of Centenary Plaza, Brindleyplace & the icc Fast connectivity via New Street & Snow Hill stations to London Euston Adjacent to the emerging Canal Wharf & Register Office quarter
The Site
Currently operating as a pay-and-display car park, terminable on one month's notice - enabling rapid mobilisation of a development programme.
With no existing buildings, a purchaser can proceed directly to construction following discharge of planning conditions, without demolition cost or delay.
Tenure
250-yr long leasehold, peppercorn rent
Freeholder
Birmingham City Council
Exchange
Prompt - non-refundable deposit
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Monthly repayment
£13,756 per month
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