Vacant Unit Reduction Project tender available for property research consultant


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In Summary

General | 12th October 2020
Kidderminster Business Improvement District has secured funding to engage with owners/agents/landlords of vacant units within the BID area in order to develop a programme of interventions that will get vacant retail units back into active use.

In Detail

A consultant(s) is sought to carry out detailed research, working with the Town, District and County Councils and owners, agents and landlords of retail units on Worcester Street.

It will be required to identify the potential scale and nature of the market for retail units of the kind offered on Worcester Street, Kidderminster and through desktop research and dialogue with owners, agents, landlords and retailers, create an evidence basis for how this market has been changed by the Covid-19 crisis and whether or not this change is permanent.

The appointed consultant(s) will also need to identify financial, risk-related, legal and other reasons why owners of vacant units cannot be flexible with terms and conditions (including rent, length of tenancy and break clauses) when seeking new retail tenants and create an Action Plan clearly setting out some potential solutions for the vacant units on Worcester Street.   

The Action Plan should set out the projected costs for these interventions and demonstrate consideration of a wide range of options including, but not limited to, creative space, leisure, health and community use.

For full tender documentation, and where to submit a tender response, please click here >

Should you have any questions relating to this tender please email Alex Powell - Kidderminister BID Manager on Alex@kidderminsterbid.co.uk