Tender

Expressions of Interest for Ongoing Commercial Property Search, Assessment and Acquisition

AMBER VALLEY BOROUGH COUNCIL

This public procurement record has 3 releases in its history.

TenderAmendment

18 Dec 2020 at 11:54

TenderAmendment

17 Dec 2020 at 09:57

Tender

17 Dec 2020 at 09:32

Summary of the contracting process

The Amber Valley Borough Council is inviting Expressions of Interest for a tender named "Expressions of Interest for Ongoing Commercial Property Search, Assessment and Acquisition." This procurement is classified under real estate agency services, with a budget of £30,000. The procurement stage is currently active, with a closing deadline for submissions set for 09:00 on 8 January 2021. The anticipated contract period will commence on 8 March 2021 and last for two years, with the potential for a two-year extension. The procurement will take place within the locality of Amber Valley, England, and is being conducted through a direct procurement method described as a single tender action, due to being below threshold limits.

This tender presents an excellent opportunity for commercial property consultancies, particularly those that are capable of operating on a commission-only basis. Businesses with a successful track record in supporting local authorities, established relationships with local and national property agents, and expertise in real estate analysis are ideally suited to compete. By participating in this tender, companies can contribute to the economic growth of Amber Valley while securing a sustainable income through market-level returns on investment.

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Notice Title

Expressions of Interest for Ongoing Commercial Property Search, Assessment and Acquisition

Notice 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

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d893b55b-e115-4037-a0d8-9386356cc44c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a8431d96-58a8-4ccc-92d9-cda148f9a47a
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

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

Notice Value(s)

Tender Value
£30,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Dec 20205 years ago
Submission Deadline
8 Jan 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
8 Mar 2021 - 7 Mar 2023 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
AMBER VALLEY BOROUGH COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
RIPLEY
Postcode
DE5 3BT
Post Town
Derby
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF13 South and West Derbyshire
Delivery Location
Not specified

Local Authority
Amber Valley
Electoral Ward
Ripley & Marehay
Westminster Constituency
Amber Valley

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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