Published date: 17 December 2020
Last edited date: 18 December 2020
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Real estate agency services on a fee or contract basis - 70300000
Location of contract
DE5 3BT
Value of contract
£30,000
Procurement reference
AVSG1
Published date
17 December 2020
Closing date
8 January 2021
Closing time
9am
Contract start date
8 March 2021
Contract end date
7 March 2023
Contract type
Service contract
Procedure type
Single tender action (below threshold)
A direct contract with a single supplier, without competition.
This procedure can be used for procurements below the relevant contract value threshold.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
Amber Valley Borough Council is seeking Expressions of Interest from suitably qualified and experienced commercial property consultancies to operate on a commission only basis to locate and advise on the acquisition of suitable commercial premises, to support the continued economic growth of Amber Valley, whilst providing market level yields of income to ensure a return on investment.
The appointed company must be able to demonstrate a successful track record in supporting local authorities in similar circumstances, and must have well established links to local and national property agents, investors and developers.
The appointed company will be required to locate suitable properties within the boundaries of Amber Valley prior to entry on the open market, using established contacts and provide a detailed analysis of the opportunity and a recommendation, to include areas such as:
Purchase Price
Current tenant circumstances
Yield
Location and market conditions
Length of remaining leases
Building and infrastructure condition
Payment will be on a commission only basis as a fixed percentage of the purchase price.
The closing date for Expressions of Interest is 09:00h on 8 January 2021. It is anticipated that the contract will initially run for a period of 2 years, with the opportunity to extend for up to 2 further years.
To apply for this opportunity please email your expression of interest to: simon.gladwin@ambervalley.gov.uk
About the buyer
Contact name
Simon Gladwin
Address
Town Hall, Market Place
RIPLEY
DE53BT
England
Telephone
01773 841415
simon.gladwin@ambervalley.gov.uk
Website
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Closing: 8 January 2021, 9am
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