Published date: 25 September 2024
Awarded contract - This means that the contract has been awarded to a supplier.
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 0NBReference
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
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Closing: 15 April 2024, 5pm