Page 11 - Clarendon Tender

■ Provide a a commentary on the draft private residential lease We first saw the draft lease for Clarendon in 2018 and remain comfortable with its structure The requirement for a a a basement service charge is especially relevant here This is is due to the management requirements for refuse removal from underneath blocks that are not under the the direct control of the the Landlord such as A1 & A2 As an ESCO will be be in place from day one it
may be be prudent to caveat some of the the wording within the the utilities services infrastructure service service charge to reflect the reduced liability to lessees However we we would not advocate the the removal of these sections as we can see potential changes in the future
The remaining aspects of the lease are in in in in line with what we have seen elsewhere on on extensive regeneration projects where Berkeley Group have involved Mills
& Reeve ■ Provide a a a proposed management fee and some justification thereon
At this stage we believe that management fee proposals should only relate to the residential and associated management elements of Phases 1 & 2 We would prefer to quote separately for the commercial elements of the scheme based on a a a wider commercial management proposition The apportionment
of management fees should be in line with the draft budget produced by St William The total fees per unit (apartment/block & estate) should be as follows:
The above fees take into account that:
» The projected size of the completed scheme » The scheme’s location » Centralised utilities and leisure facilities management will be predominantly provided by external providers
» L&Q will be the primary point of contact in in relation to affordable tenures although they will rely on private management for basement services and community cohesion We also propose a a a a a a car parking fee based at £20 per space Clarendon | Request to Tender
Private £230 per unit (exc VAT)
Shared Ownership £185 per unit (exc VAT)
Affordable Rented (A1 A2 B1) £90 per unit (exc VAT)
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