Published date: 25 September 2024

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 15 April 2024, 5pm

Contract summary

Industry

  • Real estate agency services on a fee or contract basis - 70300000

Location of contract

South East

Value of contract

£0

Procurement reference

OCC000330

Published date

25 September 2024

Closing date

15 April 2024

Closing time

5pm

Contract start date

28 June 2024

Contract end date

28 December 2024

Contract type

Service contract

Procedure type

Other: Closed below threshold

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

The Council is looking to let the office building named Elsfield Hall at Elsfield Way, Oxford owing to the current tenant leaving the property in June 2024. Dilapidations is ongoing with our Property Management team.
A letting agent is required to firstly advise on letting prospects and the estimated rental income and secondly to market the property and secure a satisfactory tenant. The work is envisaged to include the following but not be limited to:
• Providing an initial report advising on current market conditions, achievable lease terms, target tenants and agreeing on appropriate strategy for letting
• Producing marketing material and proceeding to market the property
• Carrying out viewings and liasing with potentially interested parties
• Reporting on interest at regular intervals and upon request including creation of evaluation matrix comparing interest in consultation with Oxford City Council officers
• Recommend a preferred party after a suitable period of marketing and agree heads of terms
• Provision of S123 Local Government Act 1972 advice report as to how best consideration is obtained and input into necessary Council committee reports as required
• Liaise with all parties during negotiation of legal documents to ensure the transaction proceeds through to completion
• Compliance with GDPR regulations is required with all data provided to and by the Council

Award information

Awarded date

28 June 2024

Contract start date

28 June 2024

Contract end date

28 December 2024

Total value of contract

£52,000

This contract was awarded to 1 supplier.

CBRE Limited

Address

Henrietta House,
Henrietta Place,
W1G 0NB

Reference

Companies House number: 3536032

Value of contract

£52,000

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Procurement Team

Address

Town Hall, St. Aldates
OXFORD
OX11BX
England

Email

procurement@oxford.gov.uk