Decision details

Rent Review of 107 Southway , Guildford, GU2 8DQ

Decision Maker: Head of Asset Management

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

A mini competition was conducted under Lot 2b Commercial Landlord & Tenant Service – Rent Reviews (Retail). Bidders were asked to price for reporting on the rent review potential, carrying out a formal red book valuation and negotiating with the Tenant to ensure the Council achieves best value.
Scoring was 50% price and 50% technical.
Only 2 suppliers responded to the mini competition – Owen Isherwood and Vail Williams.
After reviewing the 2 responses and assessing their bids, Vail Williams were placed 1st.

Reasons for the decision:

Timely review of rent under the provisions of the lease to deliver rental growth where possible.

Alternative options considered:

None

Source of Authority to take Decision:

Scheme of Delegation to Officers October 2024

Joint Assistant Director – Assets and Property

Para 2.8.7 To take any action in relation to procurement and the letting of contracts for goods and services, within approved budgets.


Where specified in Contract Procedure Rules, JSD Finance and JSD Legal & Democratic Services

Publication date: 09/12/2024

Date of decision: 02/12/2024