Upper Trinity Street, Digbeth valuation

2025-02-24

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Published date: 24 February 2025

Open opportunity - This means that the contract is currently active, and the buying department is looking for potential suppliers to fulfil the contract.

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Contract summary

Industry

Real estate services - 70000000

Location of contract

England

Value of contract

£65,400

Procurement reference

HCA001-DN764919-82718803

Published date

24 February 2025

Closing date

26 February 2025

Closing time

11:59pm

Contract start date

28 February 2025

Contract end date

16 June 2025

Contract type

Works

Procedure type

Single tender action (below threshold)

What is a 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?

Contract is suitable for VCSEs?

Description

Red Book valuation provided to Homes England regarding Upper Trinity Street, Digbeth. \r
\r
The following scope of reporting requirements includes:\r
• Draft Red Book Valuation Report with indicative security value\r
• Completed Red Book Valuation Report for the purpose of security lending\r
Both reports should include commentary on the following:\r
• Market value of Phases 2-5 if the property were to be sold today.\r
• Market Value of the Property (Phases 2-5) both individually and collectively based on the existing planning consent (excluding Phase 1).\r
• Market Value of the Property (Phases 2-5) both individually and collectively based on the existing planning consent (excluding Phase 1) and a special assumption of receipt of £3.17m grant to the Borrower for abnormal costs incurred related to Phase 1 (further detail to be provided on Instruction).\r
• Market Value of the Property (Phases 2-5) both individually and collectively based on the existing planning consent (excluding Phase 1) and a special assumption of receipt of £3.17m grant to the Borrower for abnormal costs incurred related to Phase 1 and additional massing (57 dwellings) on Phase 2 through a s73 amendment (supporting documentation to be provided on Instruction).\r
• Market Value of the Property on the basis of (Phases 2-5) both individually and collectively on the special assumption of a new planning consent, (excluding Phase 1) and receipt of £3.17m grant to the Borrower for abnormal costs incurred related to Phase 1 and additional massing on Phase 2-5 (+303 dwellings includes change of use)

How to apply

Follow the instructions given in the description or the more information section.

About the buyer

Address

7th Floor, 10 South Colonnade
Canary Wharf
London
E14 4PU
England

Email

etendering@homesengland.gov.uk

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