Sale of real estate

Tender description

Introduction and Specification of Requirement: 1) Introduction Derry City and Strabane District Council (DCSDC) is releasing the former Lisnagelvin Leisure Centre site for development. Interested parties are invited to submit their proposals for the site in accordance with the information presented in this Development Brief. The Council has high aspirations for the site. The prime objectives in providing this development opportunity are to achieve an attractive, sustainable and well integrated commercial scheme that complements and enhances with its immediate surroundings. Please note that Derry City and Strabane District Council is required to ensure a sound financial return in any disposal of this asset. You must register with Lambert Smith Hampton to obtain full Development Brief documentation and be able to respond to this opportunity. The development brief is for general guidance only and while the information provided is done so in good faith, DCSDC cannot accept any warranty as to its accuracy. Interested parties are not entitled to place reliance on the information provided and must satisfy themselves by inspection or otherwise as to the correctness of the information contained therein. 2) Specification The purpose of this development brief is to provide prospective developers with some guidance in terms of its future preferred use(s). The Council is keen to ensure that development will create a positive impact on the area from an economic development perspective – bringing benefits for the local community. Therefore, developers will be expected to bring forward feasible and viable proposals that seek to maximise the economic development potential and promoting job creation opportunities within a satisfactory timeframe. In achieving this, commercial-led proposals will be given preference as part of this process. In addition, DCSDC is required to ensure that it secures a sound financial return in any disposal of this asset. Council expressly reserves the right not to accept the best or any offer and preparation of bids is entirely at developers risk. Key conditions of Sale The site will be marketed by way of a development brief with transfer of title on the basis of a long lease, upon satisfactory completion of the development. Interested parties are invited to submit proposals in line with the assessment and selection criteria to ensure that this opportunity site is developed in accordance with the aims and aspirations of Derry City and Strabane District Council. This Development Brief is intended to provide information as to the nature of the site and anything contained herein is not to be construed as a representation by the Council or its agent. All matters contained within this Development Brief are subject to contract / lease. DCSDC is not bound to accept or proceed with any offer pursuant to this Development Brief and reserve the right to negotiate with any bidder to obtain further information / clarification on the detail of any proposal. All bidders will bear their own costs and expenditure associated with the preparation and submission of their proposal. The assessment and selection criteria has been designed to ensure the Council achieve the best price for the land and fulfil their statutory function to create an economic generator. Depending therefore on the nature of the preferred bid, the Council may have to seek departmental consent to the particular Development proceeding. Should the Council seek such consent, and such consent not be forthcoming, then the Council will not be obliged to proceed with that bid, and shall have no liability in relation to the Bidder should this be the case. Please do note the final agreed terms will be subject to formal Council approval. Please refer to CfT Documents for full detail. Introduction and Specification of Requirement: 1) Introduction Derry City and Strabane District Council (DCSDC) is releasing the former Lisnagelvin Leisure Centre site for development. Interested parties are invited to submit their proposals for the site in accordance with the information presented in this Development Brief. The Council has high aspirations for the site. The prime objectives in providing this development opportunity are to achieve an attractive, sustainable and well integrated commercial scheme that complements and enhances with its immediate surroundings. Please note that Derry City and Strabane District Council is required to ensure a sound financial return in any disposal of this asset. You must register with Lambert Smith Hampton to obtain full Development Brief documentation and be able to respond to this opportunity. The development brief is for general guidance only and while the information provided is done so in good faith, DCSDC cannot accept any warranty as to its accuracy. Interested parties are not entitled to place reliance on the information provided and must satisfy themselves by inspection or otherwise as to the correctness of the information contained therein. 2) Specification The purpose of this development brief is to provide prospective developers with some guidance in terms of its future preferred use(s). The Council is keen to ensure that development will create a positive impact on the area from an economic development perspective – bringing benefits for the local community. Therefore, developers will be expected to bring forward feasible and viable proposals that seek to maximise the economic development potential and promoting job creation opportunities within a satisfactory timeframe. In achieving this, commercial-led proposals will be given preference as part of this process. In addition, DCSDC is required to ensure that it secures a sound financial return in any disposal of this asset. Council expressly reserves the right not to accept the best or any offer and preparation of bids is entirely at developers risk. Key conditions of Sale The site will be marketed by way of a development brief with transfer of title on the basis of a long lease, upon satisfactory completion of the development. Interested parties are invited to submit proposals in line with the assessment and selection criteria to ensure that this opportunity site is developed in accordance with the aims and aspirations of Derry City and Strabane District Council. This Development Brief is intended to provide information as to the nature of the site and anything contained herein is not to be construed as a representation by the Council or its agent. All matters contained within this Development Brief are subject to contract / lease. DCSDC is not bound to accept or proceed with any offer pursuant to this Development Brief and reserve the right to negotiate with any bidder to obtain further information / clarification on the detail of any proposal. All bidders will bear their own costs and expenditure associated with the preparation and submission of their proposal. The assessment and selection criteria has been designed to ensure the Council achieve the best price for the land and fulfil their statutory function to create an economic generator. Depending therefore on the nature of the preferred bid, the Council may have to seek departmental consent to the particular Development proceeding. Should the Council seek such consent, and such consent not be forthcoming, then the Council will not be obliged to proceed with that bid, and shall have no liability in relation to the Bidder should this be the case. Please do note the final agreed terms will be subject to formal Council approval. Please refer to CfT Documents for full detail.