£ 180 - £ 242 / Daily
Construction & Property - Chartered Surveyor
· Job type
Construction and Property
· External Reference
JOB TITLE: Operational Property Surveyor
LOCATION: Bromley, Greater London
START DATE: ASAP
DURATION: 6 month contract
PAY RATE: £186 PAYE - £242 Umbrella per day
IR35 STATUS: Inside
The Council has undertaken an initial review of its holdings and identified several Operational Properties which if consolidated could generate further opportunities for disposal receipt generation, the creation of Housing stock (either HRA or private) or improvements to retained stock.
Individual Service Directors will be challenged as to the composition of their Property interests at COE level via a Programme based approach. It is proposed that in order to assist this process a Programme Manager and dedicated Surveyor will be utilised to drive solutions to achieve overlap from other service areas and to provide full costings so that Directors can be confident of solutions to re-shape their service areas.
The CEO has agreed to chair this Programme with a view to reporting to Members the make-up and shape of the Operational Estate proposal by 31 March 2021.
The Disposal Surveyor will drive solutions to achieve overlap from other service areas and to provide full costings so that Directors can be confident of solutions to re-shape their service areas.
The role requires an analytical approach in obtaining data from different sources such as maintenance, utilities, NDBR, usage, functionality and factoring these into service aspirations for future delivery of services, so as to create informatics which can be used to generate an optimal estate.
Post review the intention will be to then dispose of any surplus assets by either disposal on the open market or by transferring the surplus asset at Red Book value to the Councils HRA for the development of Social Housing.
The initial review has identified that the Council operates or provides services from circa 70 sites. In addition, the Council owns 30 Car Parks, some of which are in development for HRA Housing Development but also produce income. However further work is required to ascertain the Optimal Estate .
The review undertook a very basic set of valuations against these sites for indicative purposes and further work will be required to validate or amend these estimates.
Some of the assets identified could either be disposed of to the market to be developed by the market or alternatively be developed by the Council's for its own HRA stock.
The Council has set itself a considerable challenge by aiming to facilitate the construction of 600 affordable homes and the acquisition of 400 additional affordable homes within the next 4 years. It is also worth noting that the soon to be adopted London Plan requires the Council to increase its general affordable homes targets. Therefore the review of the Opperational portfolio will assist in the delivery of this target.
Given the additional financial pressures, the Council is likely to face as a consequence of Covid 19, a careful balance will need to be considered whether the best use of a site is for residential development or capital receipt.
In order to meet this target the Council needs to establish an agreed site programme for HRA Housing Development purposes. However, these sites would still generate a Capital Receipt in that they would need to be transferred into to the HRA or to a Wholly Owned Company at best consideration.
Section 123(2) of the Local Government Act 1972 provides that (except for a tenancy or leasehold term assignment of less than seven years) a principal local authority 'shall not dispose of land… 'for a consideration less than the best that can reasonably be obtained'.
Therefore, any assets transferred to the HRA will require an Asset valuation at the point of transfer. It is recommended that such valuations are made pre-Planning Application as a site without Planning Permission will be worth less than one with.
The Assets identified will need to be determined as whether being suitable for HRA Transfer or Market disposal. This determination will be undertaken by the Corporate Landlord Board.
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Please apply with your CV to: Emily Day