Closed

Investment Property Advisor

Swindon Borough Council · £20,000 – £40,000 · closes 21 Jul 2017

£20,000 – £40,000

Estimated value

Closed

Deadline

23 Jun 2017

Published

This tender has closed.

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About this contract

Investment Property Advisor Swindon Borough Council invites expressions of interest from suitably qualified and experienced service providers for the provision of investment property advice and portfolio review Project Description In common with a number of local authorities, Swindon Borough Council is looking to acquire more commercial properties for purely investment purposes to provide new and additional sources of income over the medium to long term to support the delivery of Council services. The Council has set an annual budgetary target of an additional £500,000 net income starting in 2017/18, increasing by £500,000 each year thereafter. We anticipate this may require around 4 to 5 completed acquisitions annually reflecting individual lot sizes of between £3.5m to £7m. To support this acquisition programme the Council is looking to appoint a specialist Investment Property Advisor to review of the existing portfolio, and provide investment advice on future acquisitions Full details relating to the Services are provided in the tender documents. Contract Period The contract will be initially for a period of 24 months commencing 1 September 2017 with the option to extend for a further 12 months subject to satisfactory performance and budget availability. The relevant tender documents are included within this project webpage as attachments. Tender Responses are required to be submitted no later than 21st July 2017, 1200hrs UK Local Time by hardcopy to Jonathan Coats only. If you require any clarifications on the tender documents please submit these in writing via e-mail, including the project name clearly in the e-mail title, to Jonathan Coats at jcoats@swindon.gov.uk by 14th July 2017, 1200 UK Local Time. The Council's responses to these clarification questions will be uploaded as attachments on the project webpage attachments section. Therefore it is the Contractor's responsibility to check the site regularly for updates to clarifications, as you will not be advised when updates have been made. In the event of difficulties downloading tender documents, please refer to the named contacts Jonathan Coats at jcoats@swindon.gov.uk. No Tender submissions will be considered without completing the tender documents in full including attachments and returning them in alignment with the instructions within the tender documents.