an exceptional landmark mixed use development...
TRANSCRIPT
AN EXCEPTIONAL LANDMARK MIXED USE DEVELOPMENT OPPORTUNITY
B R O A D P L A I N , B R I S T O L B S 2 0 J P
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The Soapworks is the most exciting city centre development site to come to the market in Bristol and the wider South West market for many years, comprising 2.25 acres (0.91 Ha) with 165,000 sq ft of existing buildings.
The Soapworks site has been home to Gardiner Haskins, an independent homeware retailer, since the 1950s.
The Site presents an opportunity to renew and revitalise a core area of the City Centre, through delivery of a combination of new buildings plus considerate renovation of the historic Grade II Listed Soapworks building (subject to planning) and other fabric.
The Site is to be made available Freehold with Vacant Possession. The legal title is held by Gardiner (Holdings) Limited.
The centrepiece of the Site is the Grade II Listed ‘Gardiner’s Warehouse’, Former Soapworks building, which creates an opportunity to deliver an iconic, mixed use scheme around one of Bristol’s most famous landmark buildings.
The Site sits between the business heart of the city at Temple Quay and the culturally diverse area of Old Market. The site is also 3 minutes’ Walk from Bristol Temple Meads train station.
Opportunity to develop tall buildings on parts of the Site, which responds sensitively to the listed Soapworks building.
Nash Partnership have prepared a scheme layout option to provide an indication of potential site capacity based on a residential-led development to the Site.
The Bristol economy is rapidly expanding with the highest rate of rental and house price growth in the UK.
Our client owns a household retail business which is currently restructuring in response to the ever changing retail demands – with a focus on kitchens, bathrooms and bedrooms. This process involves rationalising their existing estate, with the main operation relocating to buildings on an adjacent site. Vacant possession will be available from December 2018.
Unconditional and Conditional Offers invited. Deadline for proposals 23rd November 2018.
THEOPPORTUNITYTHE SOAPWORKS IS THE MOST EXCITING DEVELOPMENT AND REGENERATION OPPORTUNITY WITHIN CENTRAL BRISTOL. ON BEHALF OF GARDINER (HOLDINGS) LIMITED WE ARE INSTRUCTED TO SELL THE FREEHOLD INTEREST OF THE FORMER SOAPWORKS WHICH COMPRISES APPROXIMATELY 2.25 ACRES (0.91 HA) OF LAND INCORPORATING 165,000 SQ FT OF FORMER FACTORY BUILDINGS
Market Summary
Planning
The Opportunity
History
Location
Developing Area
Master Planning
Technical Investigations
Financial Proposal
Timetable
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Market Summary
Planning
The Opportunity
History
Location
Developing Area
Master Planning
Technical Investigations
Financial Proposal
Timetable
Gardiner’s supplied Isambard Kingdom Brunel with drawing instruments whilst he was working on the SS Great Britain and Great Western Railway
Wembley’s twin towers
Grade II listed Victorian Factory, Broad Plain
GARDINER’S WAS INCORPORATED IN 1893 HAVING BEEN TRADING FOR ALMOST 70 YEARS. THE COMPANY STARTED
LIFE AS A BLACKSMITH AND IRONMONGER, MAKING METAL
ITEMS FOR THE BRISTOL PUBLIC
1825Business started by Zacharia Cartwright
1860Nephew, Emmanuel Chillcott and Alfred Gardiner take over and expand
1870-1900Showrooms and offices open in Nelson Street, All Saints Street and Duck Lane
1893Gardiner Sons and Co becomes a Ltd company
1897The Midlands Ironworks in St Philips opens where steel for Wembley’s twin towers was made
1930Purchased Queens Hotel on Whiteladies Road as additional showrooms
1933Gardiner’s opened retail showrooms at Beacon’s House, Queens Road, Clifton (which became Taylors, then Debenhams and Habitat)
1958Business moved to new premises, taking over the site of Christopher Thomas Soap and Candle business in Broad Plain. Converting the huge Grade II listed Victorian factory buildings, built in the 1860s
1971JH Haskins furniture and carpets was introduced and with a fast growing retail store it was re-named Gardiner Haskins
1979Cirencester store opens
1997Brunel Garden Centre Opens
2015Store celebrates it’s 190th anniversary
Late 2018Brand new showrooms will open showcasing fitted kitchens, bathrooms, bedrooms and made to measure curtains and blinds
GARDINER’S A BRIEF HISTORY
1825-2018 HISTORY
History
3
FRIARY
Bristol Temple Meads train station is c. 0.4km to the south, a mainline railway station which provides regular direct routes to London Paddington – completion of the electrification works in 2019 will reduce travel times to 1 hour 20 minutes. Temple Meads also provides strong suburban links across the South West region.
The M32 which links directly to J18 of the M4 is situated 0.7km to the north of the site. Temple Way which is the arterial route through the city centre (incorporating several bus stops) is situated 120m to the West of the site.
The Site benefits from direct access onto the Bristol to Bath cycle route, a very popular route for pedestrians and commuting cyclists.
Bristol airport is 12km away with a dedicated bus link direct from Bristol Temple Meads. Bristol Airport is one of the fastest growing airports in the UK flying to over 120 destinations and serving over 8 million passengers per annum.
Market Summary
Planning
The Opportunity
History
Location
Developing Area
Master Planning
Technical Investigations
Financial Proposal
Timetable
LOCATIONTHE AVAILABLE LAND IS AN ISLAND SITE SITUATED BETWEEN BRISTOL TEMPLE MEADS AND OLD MARKET. THE SITE IS BORDERED BY STRAIGHT STREET TO THE NORTH (A PEDESTRIAN/CYCLE ONLY ROUTE), NEW THOMAS STREET / NEW KINSLEY ROAD TO THE EAST AND OLD BREAD STREET TO THE SOUTH.
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Site 1Glassfields - incorporating The Distillery Development of 92,000 sq ft of offices within 3 buildings (PC August 2020). Consented for further 180,000 sq ft of offices. Jury’s Inn Hotel due to PC August 2020. (Royal London AM)
Site 2A Development of 255 PRS units by Legal & General, 6-11 Storeys in height with PC anticipated Q1 2020
Site 2B Appeal ongoing for a further 120 PRS units in a block of up to 11 storeys by Legal & General
Site 3 Refurbishment by Gardiner Haskins to provide new retail accommodation, completion Q4 2018
Site 4 Assembly, proposed office development of 200,000 sq ft by AXA/Bellhammer could commence on site Q1 2019. Part of a wider 1.53 acre 350,000 sq ft development
Site 5Castle Park View, proposed residential development of 26 storeys, 375 residential units by Bouygues
Site 6 4 Glass Wharf – NFU/Salmon Harvester sale of 1.3 acre site
Site 7 Unity Street is a student accommodation development is under construction with PC due in August 2019. The scheme will comprise 202 beds within cluster flats and is being delivered by Bankfoot Group.
Site 8 Recently purchased site by Summix for residential development
2A
65 7 8
DEVELOPING AREA
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Market Summary
Planning
The Opportunity
History
Location
Developing Area
Master Planning
Technical Investigations
Financial Proposal
Timetable
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A420A
40
44
AVON ST
BROAD PL STRAIGHT ST
MID
LAN
D RD
BROAD PLAIN NE
W TH
OM
AS
ST
NEW
KIN
GSLE
Y RD
OLD BREAD ST ANVIL ST
JACOB STREET
CA
STLE ST
TOW
ER
HILL
PASSAGE ST
TEMPLE BACK
TEMPLE BACK
TEM
PLE
RO
SE S
T
CASTLE ST
GARDINERHASKINS
5
4
1
3
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8
2B
2A
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DISTRICT HEAT NETWORKS
Bristol City Council is committed to delivering heat networks across the city in order for Bristol to be carbon neutral by 2050. Heat networks are an efficient and cost effective way of cutting carbon emissions and Bristol has had a form of district heating system since the 1960’s. The adjacent plan shows the existing network. Further benefits are:
Lower capital and operational costs
Space saving meaning more land is available for development
No need to oversize existing systems to take account of extreme weather conditions
Secure forms of heating and future proofing your supply for future changes in government fossil fuel policy
Compliance with building regulations and planning policy
Improved air quality and carbon reduction
Reduced Energy costs
It is anticipated that Development of the Site will need to link into the District Heating Network, as a key sustainability initiative being promoted by Bristol City Council.
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Market Summary
Planning
The Opportunity
History
Location
Developing Area
Master Planning
Technical Investigations
Financial Proposal
Timetable
4
Prioritised energycentre locations
Phase 1
Ownership
Old Market pipe route
Legend
Phase 2Phase 3
BCCChurchesOther public spacesPlanned developmentPrivate
VICTORIA STREET
ST PHILPS CAUSEWAY
PASSAGE STEET
COUNTERSLIP
TEMPLE DOCK
GAS LANE
ANVIL STREET
OLD BREAD ST DAYS ROAD
BARTON MANOR
BA
RTON ROAD
NEW
KIN
GSLE
Y R
OAD
WILDER STREET
YORK STREET
UPPER YORK ST
DEAN STREET
ST PAUL ST
CAVE STREET
SURREY STREET
PRITCHARD ST
WILSON STREET
HOULTON STREET WADE STREET
BRAGG’S LANE
PENN
YWEL
L R
OAD
GOODHIND S
TREE
T
NEWTON STREETTHRISSELL STREET
TRINITY STREET ST P HILPS ROAD
KINGSLAND ROAD
MIDLAND ROAD
ST PHILPS ROAD
UNITY STREET
WATERLOO ROAD
BOND STREET
NEWFOUNDLAND STREET
TRIN
ITY
RO
AD
WEST STREET
OLD MARKET STREET
STAPLE
TON R
OAD
LAM
B S
TREE
T EASTON ROA D
LAWRENC
E H
ILL ROUNDABOUT
EASTON
WAY
TEM
PLE
WAY
TEMPLE W
AY
PHILADELPHIA ST
BRIGST
OWE
ST
CONCORDE STTHE HORSEFAIR PENNST
LOWER CASTLE STREET
CAST
LE STREET
THE HORSEFAIR
NEWGATE
MERCHANT STREET
BROADMEAD
BROADMEAD
W
ELLIN
GTO
N R
OAD
GREAT G
EORGE S
T
LI
TTLE
GEORGE ST
CLARK STPERRY STREET
WEBB STREETMILSOM STREET
HAYES CLOSE
HASSELL DR I VE
SUSSEX STREET
FOLLY LANE
PRINCESS ST
GEORGE JONES ROAD
AVON STREET
Days Road
Castle Park Depot
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29 30 31
32
19
20
2122 23
24 25
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2627
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3 4
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6968
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6460
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6361
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5346
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42383435 39
3637
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4349
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59
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6
78
937
Prioritised energycentre locations
Phase 1
Ownership
Old Market pipe route
Legend
Phase 2Phase 3
BCCChurchesOther public spacesPlanned developmentPrivate
VICTORIA STREET
ST PHILPS CAUSEWAY
PASSAGE STEET
COUNTERSLIP
TEMPLE DOCK
GAS LANE
ANVIL STREET
OLD BREAD ST DAYS ROAD
BARTON MANOR
BA
RTON ROAD
NEW
KIN
GSLE
Y R
OAD
WILDER STREET
YORK STREET
UPPER YORK ST
DEAN STREET
ST PAUL ST
CAVE STREET
SURREY STREET
PRITCHARD ST
WILSON STREET
HOULTON STREET WADE STREET
BRAGG’S LANE
PENN
YWEL
L R
OAD
GOODHIND S
TREE
T
NEWTON STREETTHRISSELL STREET
TRINITY STREET ST P HILPS ROAD
KINGSLAND ROAD
MIDLAND ROAD
ST PHILPS ROAD
UNITY STREET
WATERLOO ROAD
BOND STREET
NEWFOUNDLAND STREET
TRIN
ITY
RO
AD
WEST STREET
OLD MARKET STREET
STAPLE
TON R
OAD
LAM
B S
TREE
T EASTON ROA D
LAWRENC
E H
ILL ROUNDABOUT
EASTON
WAY
TEM
PLE
WAY
TEMPLE W
AY
PHILADELPHIA ST
BRIGST
OWE
ST
CONCORDE STTHE HORSEFAIR PENNST
LOWER CASTLE STREET
CAST
LE STREET
THE HORSEFAIR
NEWGATE
MERCHANT STREET
BROADMEAD
BROADMEAD
W
ELLIN
GTO
N R
OAD
GREAT G
EORGE S
T
LI
TTLE
GEORGE ST
CLARK STPERRY STREET
WEBB STREETMILSOM STREET
HAYES CLOSE
HASSELL DR I VE
SUSSEX STREET
FOLLY LANE
PRINCESS ST
GEORGE JONES ROAD
AVON STREET
Days Road
Castle Park Depot
28
29 30 31
32
19
20
2122 23
24 25
25
2627
12
3 4
5
10
18
11
12
12
13
14
15
16
17
70
6968
67
6460
66
62
65
6361
58
55
54
57
56
5346
45
40 41
44
42383435 39
3637
47
4349
48
33
59
52
50
51
6
78
937
MA
RK
ET
SUM
MA
RY
Residential & PRSBristol is one of the strongest residential markets in the South West with demand for housing in Bristol rising dramatically over the past five years, both across the city and outside of its boundaries. Residential property market analysts, Hometrack, put Bristol at the top of the league table for house price growth out of the 20 major cities in the UK in 2016, with a year-on-year (September 2016) growth of 11.8%, and Year-on-year growth to September 2017 at 5.1%.
C&W would expect a high quality residential led development to achieve strong values in the region of £450-£500 per sq ft. Additionally, over the past year, Bristol has seen the emergence of the Private Rented Sector with a number of development sites proposed to deliver PRS schemes including, ND6/7, Redcliff Quarter and Castle Park View.
RetailThe Soapworks is situated in an emerging city centre fringe location linking Cabot Circus with Temple Quay business district and Temple Meads train station. There is currently a distinct lack of quality retailing / leisure (including food and beverage) within the immediate area to cope with the increasing office and residential population in the Old Market quarter.
The car park adjacent to the Site is accessed by pedestrians via Straight Street and provides significant provision, and generates good levels of footfall during peak periods. Equally the new Gardner Haskins homestore will remain a key anchor having traded for 60 years in this location.
The old soap factory offers modern well configured space that will appeal to local & regional occupiers.
OfficesIn 2017 Bristol recorded the highest rate of rental growth anywhere in the UK at 14%. This was largely driven by the acute lack of supply with today only a 2.9% vacancy rate and only 15,000 sq ft of new stock available. Bristol is one of the most sought after locations for property investment with its strong economic and demographic characteristics, particularly the vibrant and rapidly expanding technology sector which is largely behind the reason why Bristol was recently named the ‘Most Connected City’ in the UK. Occupiers are also keen to tap into the strong labour pool making it an attractive place to relocate and/or expand
Grade A office rents in the city centre have increased from £32.50 at the start of 2018 to £34.50 per sq ft at the end of Q3 and are forecast to continue to increase. The supply / demand imbalance is particularly acute for good quality suites of 10,000 sq ft+ in the city centre.
LeisureBristol is regarded as one of the UK’s top destination Cities and has been named as Europe’s trendiest city in the National Geographic Traveller UK’s Cool List. The Hotel market in Bristol is strong with a current under supply of accommodation and high occupancy rates, this has been evidenced by the proposed development of two hotels located near the Site, including the Jury’s Inn on the Glassfields site and the new proposed hotel at Bristol Temple Meads.
Student HousingBristol is home to two major universities, the University of Bristol and University of West of England, with the number of combined full time students totalling around 50,000.Bristol is considered one of the core university cities with a significant undersupply of PBSA.
In addition, the University of Bristol is anticipated to increase its student population by over 5,000 over the next five years and is also proposing to open a new £350m Temple Quay Enterprise Campus by 2021/2022, which is within a 5 minute walk of the site.
BRISTOL HAS THE HIGHEST
RATE OF OFFICE RENTAL GROWTH
IN THE UK
HIGHEST RETENTION OF GRADS IN UK
HIGHEST NUMBER OF PEOPLE EMPLOYED
IN TECH OUTSIDE OF SHOREDITCH
TIMES BEST CITY TO LIVE
2014 AND 2017
UK’S LEADING SMART CITY
BRISTOL IS THE BEST PLACE IN UK TO START A BUSINESS
ACCORDING TO TECHSPARK
Market Summary
Planning
The Opportunity
History
Location
Developing Area
Master Planning
Technical Investigations
Financial Proposal
Timetable
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• The Bristol Local Plan is the principal planning policy document in Bristol. The thrust of Local Plan policy for the City Centre is to promote mixed use development making most efficient use of land, and which promotes social inclusion and community cohesion.
• The site itself is not allocated for a specific purpose. In this context, there is flexibility to consider a range of potential new uses for the Site based on general market opportunities and its physical context, including its central and sustainable location. Further planning information is contained within Technical Pack 1.
• There is a general expectation that development schemes will be residential-led on sites that are not subject to flooding constraints.
• Proposals for ‘town centre’ uses should complement and not detract from the role and vitality of the nearby Old Market retail area.
The Old Market Quarter Neighbourhood Plan sets out a range of aspirations for regeneration and provides guidance for development and growth in the area.
• The proximity of the TQEZ is identified as a key opportunity and the main Gardiner Haskins car park is one of a number of identified ‘Development Projects’.
• The Plan assumes that car parking provision for customers and commuters will be retained in the future but, nevertheless, it is identified as an opportunity for mixed-use development including uses that promote the evening economy and ‘do more’ for the character of the area.
• More generally, there is encouragement for mixed residential development, flexible business space, and community facilities across the area.
• Bristol City Council has commenced a review of its Local Plan with two related documents having recently been published for consultation (Bristol Local Plan Review; Urban Living SPD). The Bristol Local Plan Review is focussed on the concept of ‘urban living’ to address Bristol’s housing shortage, with the SPD providing guidance on how this can and should be achieved.
• The thrust is to promote higher density living and encourage most efficient use of previously-developed land, the Gardiner Haskins area being highlighted as an area with the potential for intensification.
• The emerging policy context indicates that residential led mixed-use is likely to be the Council’s preference for re-use/ redevelopment of the Site.
PLANNING
THE SITE IS WITHIN A MIXED COMMERCIAL, EMPLOYMENT AND RESIDENTIAL
AREA ON THE EASTERN SIDE OF THE CITY CENTRE WITH THE OLD MARKET
RETAIL AREA LOCATED A FEW HUNDRED METRES WALKING DISTANCE TO
THE NORTH. THE TEMPLE QUARTER ENTERPRISE ZONE (TQEZ) ADJOINS LAND IMMEDIATELY TO THE SITE’S
SOUTHERN BOUNDARY
Market Summary
Planning
The Opportunity
History
Location
Developing Area
Master Planning
Technical Investigations
Financial Proposal
Timetable
6
Nash Architects have prepared a masterplanning and urban design study to examine the emerging redevelopment potential for the Soapworks site.
The Old Market area, including the Old Soapworks site, is evolving as an urban neighbourhood in a city that embraces and celebrates opportunities for new urban living and working lifestyles.
The location of the Old Soapworks close to transport, economic, retail and leisure facilities provides the opportunity for the reinvestment in this site to contribute to creating a popular, well placed and economically active living and working neighbourhood, well placed for a low car use way of life and built around the advantages of the city over the suburbs.
The study considers the heritage, context, constraints and opportunities of the Old Soapworks site, before introducing a sketch plan and design approach for the site that recognises the sensitivities of a site dominated by a tall and visually prominent listed building.
The study explores how pedestrian desire lines and new vistas can be created, and how a worthy setting can be maintained and formed for the heritage assets. This is set against 3D contextual studies of where new built form is best distributed across the large Old Soapworks site. A copy of the study is available in Technical Pack 2. Plan demonstrating the area of potential
“new development” and buildings / façade which may need to be retained (subject to planning).
View from the West with the historic Soapworks building in the centre of the image.
MASTER PLANNING
Figure 4.1: Key existing buildings on the site
OLD BREAD ST
NEW
THO
MAS ST
RUSS ST1
2
3
4
1 - The Old Soapworks
2 - Early 20th century factory/warehouse building
3 - Early 20th century buildings with sawtooth roof
4 - Late 19th century building with 1950s curtain walling
Buildings/façades to retain
Existing buildings
Potential new development
STRAIGHT ST
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Market Summary
Planning
The Opportunity
History
Location
Developing Area
Master Planning
Technical Investigations
Financial Proposal
Timetable
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Concept roof plan Concept indicative building heights
Retained Façade / Building
Pedestrian RoutesOpportunity for Tall Building
Sightlines/Key Visuals
Retained Façade / Building
Pedestrian RoutesOpportunity for Tall Building
Sightlines/Key Visuals
Retained Façade / Building
Pedestrian RoutesOpportunity for Tall Building
Sightlines/Key Visuals
12 Storeys
6 Storeys
5 Storeys
4 Storeys
3 Storeys
12 Storeys
6 Storeys
5 Storeys
4 Storeys
3 Storeys
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Market Summary
Planning
The Opportunity
History
Location
Developing Area
Master Planning
Technical Investigations
Financial Proposal
Timetable
7
Ground Conditions Clarkebond have undertaken a Phase 1 Preliminary Risk Assessment/desk study (Technical Pack 3).
Conservation & HeritageCotswold Archaeology have undertaken an Historic Building Assessment and a Heritage Assessment (Technical Pack 4). This was undertaken to inform potential purchasers of the historical significance of the site and its development history to provide context to development potential.
Intrusive Site InvestigationsClarkebond have undertaken an intrusive wsite investigation (Technical Pack 5).
Transport Study Arup have produced a scoping report to consider highways and accessibility considerations (Technical Pack 6). This is to inform potential purchasers of the potential implications based on development of the Nash massing study on the local transport network.
AsbestosCASA have produced an Asbestos Refurbishment Survey Report (Technical Pack 7). The report provides an overview of the location, presence and extent of asbestos bearing materials as far as reasonably practical.
EcologyArup have undertaken a Preliminary Ecological Appraisal (Technical Pack 8). The exercise has been undertaken to identify the existence of any habitats or species that could potentially impact upon the redevelopment of the Site.
Structure & Condition Survey Arup have produced a Structure and Building Fabric Survey – to provide an overview on the condition of existing structures (Technical Pack 9).
Utilities & ServicesClarkebond have produced a report showing the location of existing services across the Site (Technical Pack 10).
Unexploded Ordnance A detailed UXO survey has been undertaken by 1st Line Defence (Technical Pack 11).
Floor Plans & Measured SurveyTFT have undertaken a detailed measured survey (Technical Pack 12).
Legal Summary & Title Burges Salmon have provided a legal summary and title information – please refer toTechnical Pack 13.
TECHNICAL INVESTIGATIONS Market Summary
Planning
The Opportunity
History
Location
Developing Area
Master Planning
Technical Investigations
Financial Proposal
Timetable
8
A. Identity of the purchaser
Details of the contracting party and registered address.
B. Financial Offer Clearly state the ‘Net’ Value (Price) offered for the Site.
For conditional proposals please state any assumptions, including abnormal costs or other deductibles which may impact on the Gross Value and “Net” price payable (e.g. ground remediation; demolition works; drainage etc.).
C. Scheme Details
Scheme Overview – confirm intended proposals for the Site together with supporting masterplan / layout plan.
Development Assumptions – Overview of key underlying development assumptions, including uses, quantum and values.
Affordable Housing – Clarify assumptions with regards to Affordable Housing (numbers, tenure, mix and value).
Employment / Other Uses – Confirm approach to provision of other uses, such as employment, retail and leisure.
D. Timescales & Programme
Confirm proposed timescales for agreement of Heads of Terms, Exchange of Contracts, satisfying any conditions, and Legal Completion.
FINANCIAL PROPOSAL• The Site is held Freehold by Gardiner (Holdings) Limited. The Site is offered for sale by way of informal tender.
• Offers are invited on both an unconditional and conditional (subject to planning) basis.
• Interested parties are requested to explicitly state their offer assumptions, and if submitting a subject to planning offer provide clear details on: details of proposed scheme, area schedule, relevant plans and other information supporting the scheme. It is requested that interested parties complete the Bid Proforma contained within the dataroom.
• The Vendor reserves the right not to accept the highest or indeed any offers received.
• The financial proposal must be net of all costs and exclusive of VAT. Please note that VAT will be charged on the sale of the Property.
SUBMISSION INFORMATIONProposals must contain the following information:
Market Summary
Planning
The Opportunity
History
Location
Developing Area
Master Planning
Technical Investigations
Financial Proposal
Timetable
9
FINANCIAL PROPOSAL
E. Financial Information
Confirm how the acquisition will be financed, and provide evidence of funding as necessary.
F. Overage Confirm any overage provisions being offered.
G. Contract / Legal The Vendor is open to offers on both an unconditional and conditional basis.
Clearly state any conditions of sale relevant to the offer (e.g. subject to planning; board approval; undertaking technical investigations etc.).
The Vendor will require that anti-embarrassment provisions are included within any sale contract (e.g. sell on clauses within a certain period etc.).
H. Track Record Track record and experience of delivering other similar City Centre schemes.
F. Contact Details Provide contact details of relevant commercial and legal advisors.
BID INSTRUCTIONSBids must be delivered in accordance with the Submission Information outlined previously.
1. Proposals must be received by: 12 noon on Friday 23rd November 2018.
2. All submissions should be supported by completion of the Bid Proforma (contained in the data room).
3. Offers should be submitted electronically to: [email protected]
4. Bids should be clearly marked: Financial Proposal – Soapworks Bristol
Interested parties should note the Vendor reserves the right not to accept the highest or indeed any offers received.
INSPECTIONS To be arranged through the sole selling agents Cushman & Wakefield. A presentation area has been created which will be followed by a tour of the Site.
For further information on the development and to access the Technical Packs please visit: www.thesoapworksbristol.co.uk
Market Summary
Planning
The Opportunity
History
Location
Developing Area
Master Planning
Technical Investigations
Financial Proposal
Timetable
9
TIMETABLEStage Activity Key Dates
1 Tender documents released 1st October 2018
2 Financial proposals received
23rd November 2018
3 Shortlist identified and developer interviews
w/c 10th December 2018
4 Preferred developer selected and terms agreed
w/c 17th December 2018
5 Completion of Sale Q1 2019
C&W for themselves and for the vendors of this property for whom they act give notice that:• These marketing details are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract.• C&W cannot guarantee the accuracy of any description, dimensions, references, condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on
them as statements of fact or representations and must satisfy themselves as to their accuracy.• C&W will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.• The reference to any plant, machinery, equipment, services, fixtures or fittings at the property shall not constitute representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended
function. Prospective purchasers / tenants should satisfy themselves as to the fitness of such items for their requirements.• No employee of C&W (and its subsidiaries and joint agents where applicable) has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property.
Design by Zest Design and Marketing Ltd 0117 950 8445. October 2018 (B01944).
Andy HeathPartner, Office Agency0117 910 [email protected]
Bradley StoneSenior Surveyor, Development & Planning0117 910 [email protected]
James BlundellPartner, Development & Planning0117 910 [email protected]
Phil MoorePartner, Office Agency0117 910 [email protected]
For more information on the development and to view the Technical packs please visit:
www.thesoapworksbristol.co.uk
Market Summary
Planning
The Opportunity
History
Location
Developing Area
Master Planning
Technical Investigations
Financial Proposal
Timetable
10