PIP is delighted to bring to select investors an ‘early bird’ off plan investment opportunity at JQ Rise, Birmingham, ideally situated on the outskirts of the famous Jewellery Quarter.

The JQ Rise development will comprise of 226, 1,2 & 3 bed contemporary and sustainable luxury apartments, with predicted yields of up to 4.7%.  Prices start from £229,995 for a 1 bed and £289,995 for a 2 bed apartment.  The development will be completed in two phases.  Phase one comprises of 77 apartments and is scheduled to complete Q3 2022.  Phase two comprises of 149 apartments and is scheduled to complete in Q1 2023.

As the gateway to the Birmingham’s Jewellery Quarter, JQ Rise will be a striking landmark tower, offering extraordinary views and unrivalled city centre access. With its exclusive B1 postcode, JQ Rise will form part of Prosperity’s Signature range.

A modern sophisticated development, JQ Rise is ideally located to attract the rapidly rising number of professionals, young couples and students.  This enviable location offers everything a tenant or investor would be looking for in a city-centre development, with the very best of the city within easy reach, either on foot or by accessible transportation links. Less than 15 minutes' walk away from JQ Rise is the stylish canal-side area of Brindley Place. This key hub for both work and leisure next to the Barclaycard Arena and International Convention Centre is home to some of the city's best upscale bars and restaurants.

Investing at this early stage enables you, the investor, to secure a property in a growing and buoyant property market for an initial deposit of only 3% of the property value.

Our nominated letting agent, Raj Bedi of Martin & Co has stated that the location provides the very best of city living in a desirable urban location, with excellent transportation links and Birmingham's thriving business and leisure districts right on the doorstep. Located close to the city's biggest development in a generation, the Paradise ‘Masterplan’ will create a vibrant pedestrianised area and 1.8 million square feet of commercial, civic, retail, leisure and hotel space.

Area information

A modern sophisticated development, JQ Rise is ideally located to attract the rapidly rising number of professionals, young couples and students. This enviable location offers everything a tenant or investor would be looking for in a city-centre development, with the very best of the city within easy reach, either on foot or by accessible transportation links. Less than 15 minutes' walk away from JQ Rise is the stylish canal-side area of Brindley Place. This key hub for both work and leisure next to the Barclaycard Arena and International Convention Centre is home to some of the city's best upscale bars and restaurants.

Paradise Masterplan

JQ Rise is very close to the ‘Paradise Masterplan’, an area with one of the finest collections of Victorian civic buildings to be found anywhere in the UK outside of London and is one of the biggest development schemes Birmingham has seen for a generation. With construction already underway, Paradise will dramatically transform this whole area of the city into a vibrant mixed-use development of commercial, civic, retail, leisure and hotel space.

It will provide major improvements to pedestrian access and greatly enhance the public streets and squares to reflect its position next to the stunning Victorian architecture of the Town Hall, Birmingham Museum & Art Gallery and Council House. The redevelopment of Paradise will not only generate thousands of new jobs but will help to improve access across the city for both road users and pedestrians.

Birmingham is not only the UK’s largest city outside London, but also one of the country’s biggest financial centres. The relocation of firms such as Deutsche Bank and HSBC will increase the number of affluent professionals making their home here. The diversity of the city’s economy is supported by its reputation as a hub for creative industries and it is among the UK’s fastest growing centres for digital media ventures.

Birmingham has been selected to host the 2022 Commonwealth games, which will have a huge impact on the city, supporting on average 4,526 jobs each year until 2022. Birmingham Council highlighted in their bid that hosting the Games will accelerate job creation and drive change, which will leave a glowing mark on the city for years. As a result, there will be increased employment and training opportunities in areas like construction, engineering, sport and tourism.

Birmingham has been named as one of the top 10 cities in the World and is one of the leading European business destinations, with a £90bn regional economy. Add all this to the fact that Birmingham has 33,000 businesses; the largest concentration outside London. It has seen a population increase of 300,000 in the last decade and is the youngest city in Europe, with under 25’s making up 40% of its population.

With the proposed construction of the HS2 national high-speed rail network, commuting to London will be achievable in under 45 minutes. Proud of its distinctive heritage, yet energised by the youngest population in Europe, Birmingham’s transformation into a welcoming, cosmopolitan and accessible city has ensured that rental demand continues to considerably outweigh supply.

JQ Rise Birmingham v3

Reasons to Invest

  • Unique ‘early bird’ offering;
  • Signature range of spacious, high specification apartments;
  • Desirable up and coming area, with lots of regeneration taking place;
  • Gateway development to Birmingham’s affluent Jewellery Quarter;
  • Strong capital appreciation predictions;
  • Excellent location, close to the city’s main business, shopping and leisure areas;
  • Direct trains from Birmingham to London St Pancras in 1hr 8 minutes;
  • Excellent Universities, schools and colleges;
  • High rental demand location, with predicted yields of up to 4.7%.

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Additional Information

Tenure

Leasehold - 125 years

Ground rent & service charges – varies according to unit size.  Please ask PIP for more details.

Warranty

10 Year Warranty

2 Year Defects Cover

Additional items to be supplied by the purchaser

Flooring is included in the purchase price, as well as integrated white goods, which include a washer/dryer and a fridge/freezer. However, please note that in readiness for tenancy, the following will also need to be sourced and provided:

  • Blinds/curtain tracks.
  • Bathroom accessories, i.e. towel rails, toilet roll holders, mirrors.
  • Furniture Pack (contact PIP for more information).

Except for a Furniture Pack, all items can be sourced, supplied and installed on your behalf by your letting agent, using local, reputable contractors, should this be a service you would like to take advantage of.

Please note; the letting agent believes these properties would be very attractive to the furnished market and therefore, you should consider marketing your property as furnished/unfurnished.

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