BY INFORMAL TENDER Falcon Business Centre Chadderton, Oldham

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1 FOR SALE BY INFORMAL TENDER Falcon Business Centre Chadderton, Oldham Offered as a going concern 34,500 sq ft with 65 lettable units Unity Partnership, on the instructions from Oldham Council, is seeking tenders from organisations interested in taking a lease and operating the Falcon Business Centre in Oldham. Closing date for offers: noon - Thursday 12 April

2 Location: The Falcon Business Centre is located on Victoria Street, off the A669 Middleton Road in Chadderton, Oldham. The A627(M), is approximately 0.7 miles to the north providing direct access to the M62 and national motorway network and Manchester City Centre. Oldham Town Centre, lies approximately 1.2 miles to the south east. Please refer to the location plan at Appendix I. Asbestos: A copy of the asbestos report is available for information purposes only from the Council as part of the information pack. Energy Performance Certificate: Energy Performance Certificates (EPC) reference number: for the workshop units and reference number for the office building are attached at Appendix III. Business Rates: The workshop units and offices are separately assessed for rating purposes. Further details can be obtained at: Reference: Falcon Enterprise Centre, Victoria Street, Chadderton, Oldham, OL9 0HB Description: The property is a former textile mill dating from 1885 and converted in the early 1990s to provide managed workspace and offices. The main building is the single storey former mill and provides 49 workshop units and loading bay with a total lettable area of approximately 2,856 sq m (30,742 sq ft). This building also includes reception facilities and two conference rooms available to hire. Falcon House is an adjacent two story office building within which are 16 offices with a total lettable area of 354 sq m (3,806 sq ft). Viewing: Viewing of the property is strictly by appointment through Unity Partnership as this is an operational business facility. The workshop units and offices are let on the basis of easy in, easy-out monthly licences, inclusive of all service charges and rates. The centre is 58% let by floor area. The total current income is circa. 140,000pa (2017/18). Externally there are approximately 140 car parking spaces and separate vehicular entry/exit onto Victoria Street. A site plan is attached at Appendix II. Adjacent to the property is a nursery which has a right to use the car park and a right of way across the car park for vehicles and pedestrians to allow users to drop off and collect children from the nursery. Services: All services including mains water, electricity gas and mains drainage are connected to the property. The workshops are heated by gas fired warm air heaters and the freestanding offices by oil fired central heating.

3 Information Pack: Further information is available to interested parties on signing a Confidential Non-Disclosure Agreement. Interested parties must satisfy themselves as to the accuracy of all the information contained therein. Offers Invited / Tenure: The Council is inviting offers on either a premium or rental basis for the grant of a leasehold interest in the Centre, as detailed in Appendix IV. Closing Date for Tenders: All offers are to be on the basis of an informal tender and returned to Oldham Borough Council using the designated Form of Tender (Appendix VI) within a sealed tender envelope. Please refer to the instructions within the Guidance Notes, attached at Appendix V. Tenders to be submitted by noon - Thursday 12 April IF YOU HAVE ANY QUERIES OR REQUIRE A COPY OF THE INFORMATION PACK, PLEASE SEND YOUR NAME, COMPANY DETAILS, ADDRESS AND TELEPHONE NUMBER TO: ESTATES@UNITYPARTNERSHIP.COM A NON-DISCLOSURE AGREEMENT WILL BE SENT TO YOU FOR SIGNATURE, ONCE RETURNED THE INFORAMTION PACK WILL BE FORWARDED Misrepresentation Act: Unity Partnership, for themselves or the lessors or vendors of this property, for whom they act, gives notice that: 1.These particulars are set out as guidance for the intending purchaser or tenant, and do not constitute any part of an offer or a contract. 2. All statements made in these particulars are made without the responsibility of Unity Partnership, or the vendors or lessors of the property. 3. While all descriptions, dimensions and other statements given in these particulars are believed to be correct and are given in good faith by Unity Partnership, or the vendors or lessees of the property, none of the statements contained herein may be relied upon as a statement or representation of fact. 4. Any intending purchaser or tenant must satisfy themselves by inspection or otherwise of the correctness of any statement contained in these particulars. 5. The vendor or lessor does not make or give, and neither Unity Partnership nor any employee of Unity Partnership has any authority to make or give any representation or warranty whatsoever in relation to this property. 6. The property is offered subject to contract and to still being available at the time of enquiry, and no responsibility can be accepted by Unity Partnership, or the vendors or lessors of the property for any expense incurred. June 2017 Data Protection Act: Unity Partnership, for themselves or the lessors or vendors of this property, for whom they act, gives notice that 1. Personal data provided within this application, or through any other means of communication in relation to this property, will be treated as private and confidential in accordance with the Data Protection Act 1998 and the Council s policies and procedures. 2. Personal information will not be divulged to any party or reproduced without the express consent of the person to whom the data pertains, or proven exemption from the Data Protection Act under s Personal Data will be stored securely as both paper records and electronically within the Council s property management systems in accordance with the Data Protection Act 1998 and the Council s policies and procedures and will be destroyed securely following the designated retention period.

4 Appendix I Location Plan

5 Appendix II Site Plan Falcon Business Centre

6 Appendix III Energy Performance Certificates

7 Appendix IV Proposed Terms General Requirements 1. The Falcon Business Centre is an important economic development facility within Oldham, it provides much needed business space for small businesses. In 1994 and 1995 the centre was refurbished to provide managed workspace and offices using grant funding. However, due to the severe financial pressure on the Council, it has not been possible to commit further investment and management. 2. Accordingly, the Council is now seeking an organisation to invest in and manage the Business Centre and exploit its potential. 3. This organisation will: Be selected on the basis of their experience, proposals for the Centre and financial offer Have experience of managing multi-occupied facilities such as this Be required to provide proof of funding to the Council and will have the financial resources to invest in the facility Prepare a Business Plan setting out their proposals for the Centre, including capital investment, marketing, tenant management, etc. Submit proposed heads of terms, addressing: o Lease Term o Premium o Annual rent o Rent review frequency and basis of rent review o Repairs o Insurance o Alienation o Termination provisions o o Informal Tender Evaluation Landlord obligations Council costs - The successful tenderer will pay a contribution to the Council s legal and surveyor s fees of 15,000 (fifteen thousand pounds). 1. Tenders will be assessed on the following basis: Ref Evaluation Criteria Weighting a) Experience of managing, operating business premises similar to the 20% Falcon Business Centre b) Proposed lease terms, excluding rent and/or premium. 20% c) Financial offer Rent and/or Premium 30% d) Business Plan Proposals for the Falcon Business Centre, including 30% capital investment, marketing, tenant management, staffing Total 100% 2. Tenderers are required to complete the Form of Tender (Appendix VI) Other Provisions 1. Any interested party must satisfy themselves by inspection or otherwise as to the accuracy of these details and the suitability of the property for their proposed use. 2. The Council has opted to tax and the transaction will be subject to VAT. 3. The property is offered subject to contract. 4. The Council is not bound to accept the highest or any offer made in respect of the said property and furthermore it will consider all information received as part of its decision making process. 5. The Council will only consider offers submitted and received in a sealed envelope and in accordance with the Form of Tender.

8 Appendix V Guidance Notes for completing Form of Tender These explanatory notes are intended to accompany the Form of Tender and set out the prescribed form for completion. Any submissions which do not comply with the instructions within this document may be considered to be non-compliant and therefore may not be assessed. Any queries with regard to these documents should be directed towards: Unity Partnership estates@unitypartnership.com 1. Tenderer Tenderers must insert the name, address and contact details of the proposed organisation that will take the lease. In the case of a company purchase, please include the registered company address and contact name for the individual who is authorised to act on behalf of the company. 2. Submission Tenderers are required within their Submission to respond to those issues detailed in Form of tender, specifically: a. Details of their experience - The Council is seeking to ensure that a lease for the Falcon Business Centre is granted to an organisation that has the capability and expertise to ensure a viable future. The Council s evaluation of tenders will be weighted accordingly. b. Proposed Lease Terms Tenderers are invited to submit lease terms that are appropriate having regard to the proposal for the business centre. As a minimum tenderers should address those issues in Appendix IV of these marketing particulars. c. A Business Plan that addresses their proposal for the business centre, including capital investment, marketing, tenant management, staffing, etc. d. Financial Contribution - Tenderers are invited to submit a financial offer that is appropriate having regard to their proposal for the business centre, this can be by way of rent and/or a premium in GBP ( ). e. Proof of Funding The Council requires that proof of funding is attached to all submissions. This may be in the form of an accountants or bankers letter. The Council s evaluation of tenders will be weighted as detailed in Appendix IV. 3. Conditions of Purchase Tenderers must list any conditions they wish to attach to the offer. If these conditions are likely to have an impact on their proposal, indicative budget costs should be placed against these conditions. 4. Solicitors Details Tenderers must provide the name of the legal practice acting on their behalf, along with a representatives contact details. This contact should be aware that the tenderer has submitted a tender. If solicitors are contacted and have not received instruction, the submission may be declared invalid.

9 Appendix VI Form of Tender Form of Tender for: THE FALCON BUSINESS CENTRE, VICTORIA STREET, OLDHAM, OL9 0HB This Tender Form must be submitted along with any supplementary information and in accordance with the instructions given within the Guidance Notes (Appendix V). All tenders are to be submitted exactly as below, in an otherwise unmarked envelope to: TENDER FOR FALCON BUSINESS CENTRE TO BE RETURNED NO LATER THAN NOON on 12 TH APRIL 2018 Oldham Borough Council - TENDER Business Support Legal Services PO Box 33 Civic Centre West Street Oldham OL1 1UL Any submissions which are not within the prescribed form will be invalid and will NOT be considered. Name 1. Tenderer Address Telephone Fax Experience Attached (* delete) YES * NO * Proposed Lease Terms Attached (* delete) YES * NO * 2. Submission Business Plan Attached (* delete) YES * NO * Rent - Financial Contribution Premium - Proof of Funding Attached (* delete) YES * NO *

10 Appendix VI Form of Tender (Continued) Company Name and Address 3. Solicitors Details Contact Name Tel Fax/DX Address Signed 4. Signature Position Date

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