Community right to bid
Community right to bid (also known as 'assets of community value')
Local groups are able to nominate a building or other land for listing as an 'asset of community value'. Wyre Council is required to maintain lists of successful and unsuccessful nominations.
If any land/building that the council lists as an asset of community value comes up for sale (freehold or a lease of at least 25 years), then community interest groups will have six weeks in which to make a written request to the council to be treated as a potential bidder. This request allows them to delay the sale by up to six months, providing additional time to raise funds and put together a bid to buy the asset.
These rights do not restrict the sale price or who the owner of a listed asset can sell their property to and they do not give community organisations a right of first refusal.
How to nominate an asset to be listed by the council
Before nominating an asset, please check first whether it has previously been nominated.
Please complete the below application form to nominate an asset to be listed by the council:
For more information about nominating an asset or the implications of an asset being listed as an asset of community value, please see the external links below:
- My Community locality - for more information on community rights
- Legislation.gov.uk - for information about The Assets of Community Value (England) Regulations 2012
For further information and advice please contact us
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