FIN(4) AM 02

Inquiry into Asset Management Survey

Response from Caerphilly Borough Council

Appendix 1                                                                                                                             

Property Asset Management Report

for

ENTERPRISE HOUSE CORPORATE OFFICES

2 Tiryberth Industrial Estate, Tiryberth, CF82 8AU.

PROPERTY DESCRIPTION

Enterprise House comprises the main front building which is a framed brick/cement fibre clad  single storey building with a pitched cement fibre roof, constructed in the late 1970s which has been extended to the front in the 1990's with a brick built two storey building under a pitched metal sheet roof. The single storey rear building has brick and metal clad elevations under a pitched metal sheet roof. The building appears to have been constructed in the late 1980's. Windows to the buildings are UPVC, doors are UPVC and steel (07/04/12).

Two leases in force, one for each building.  Both leases for a term of 10 years from 16/10/2006.  Block 1537 at a rent of £100,000 p.a. and a break clause in 2011 and 2013.  Block 1538 at a rent of £20,000 p.a. with no break clause.

Break notice on block 1537 being served 16/10/2013.

A greener place       Man gwyrddach

  PROPERTY DETAILS

Establishment Number:	1144
Site Number:	1295
NLPG UPRN:	000043068450
Ward:	Hengoed
Holding Department:	Performance & Property Service
Holding Service Area:	Property Services
Tenure:	Leasehold
If Leasehold: Renewal Date:                     Break Clause Date:	16/10/2026
	16/10/2013
Break clause exercised:	Yes
Current Rent if applicable:	£120,000.00
Restrictions / Constraints:	Yes
Gross Internal Floor Area:	2444.50 m^2
Net Internal Floor Area:	2346.30 m^2

  PROPERTY CONDITION

Building Number	Description	Building Condition				D.A.*	Asbestos risk*
		Rating	Pr.1	Pr.2	Pr.3
1537	Enterprise House – Front block	B	£0	£56,019	£90,000	Y	Y
1538	Enterprise House – Rear block	B	£0	£479	£50,891	N	Y
Survey Date:  07/04/2012			£0	£56,497	£140,891

* Disability Access (D.A.) criteria = Meets Foundation Standard

STATUTORY MAINTENANCE
	INSPECTION COSTS	REMEDIAL COSTS
ELECTRICAL TESTING (5 yearly):	£5187.00	unknown
LEGIONELLA  (Bi-annual):	£480.00	£xxxxxxxx
ASBESTOS  (Identified as present on site):	Yes

Costs excluding V.A.T.

BUILDING  MAINTENANCE BUDGET / RUNNING COSTS
Financial Year:	2012/13
Maintenance Budget:	£32,320

RUNNING COSTS: 2011/12

ELEMENT	COST	COST m^2  (G.I.A.)
Repairs and Maintenance	£42,141.00	£17.23
Cleaning	£23,024.00	£9.42
Cleaning Materials	£1,121.00	£0.46
Caretaking	£12,980.00	£5.31
Security	£5,305.00	£2.17
Insurances	£12,527.00	£5.12
Other costs	£2,612.00	£1.07
NNDR	£49,220.00	£20.13
Rent	£120,000.00	£49.09
Gas	£20,685.00	£8.46
Electricity	£24,780.00	£10.14
Water	£3,265.00	£1.34
TOTAL COST	£317,860.00	£130.03

 ENERGY RATING (DECs where available)

INVESTMENT
Investment Type:	Asset Management                  (TEST DATA ONLY)
How much invested:	£100.00                                    (TEST DATA ONLY)
Financial Year invested:	2011/12                                    (TEST DATA ONLY)
Investment End date:	n/a                                            (TEST DATA ONLY)

INVESTMENT (2)
Investment Type:	LAEF                                        (TEST DATA ONLY)
How much invested:	£100.00                                    (TEST DATA ONLY)
Financial Year invested:	2010/11                                    (TEST DATA ONLY)
Investment End date:	10/10/2013                               (TEST DATA ONLY)

VALUATIONS
Market Value for disposal:	£0.00	Date:  23/10/2012
Book Value:	£0.00	Date:  23/10/2012
Rateable Value:	£115,000	Date:  16/10/2012

PROPERTY REVIEW (SUITABILITY, SUFFICIENCY, SUSTAINABILITY)
Utilisation	Capacity	Environment	Condition	Expenditure	H&S	Location	Accessibility	Car Parking

Overall Rating:

Property Review Recommendation:

Continued Maintenance

PROPERTY REVIEW COMMENTS

Due for review 2013.

Report printed on: 11/01/2013

This report is provided for the sole use of CCBC officers and members, to whom it is confidential.  No responsibility whatsoever is accepted to third parties, any such parties rely upon the report at their own risk. Neither the whole nor any part of this report, or any reference hereto, may be included in any published document, circular or statement, or published in any way without the Council’s written approval of the form and context in which it may appear.