Community Assets for sale

Introduction

Following the process of the Community Right to Bid, when a registered asset of community value is to be sold, the Council will advertise the property and invite expressions of interest from local community groups during the Initial Moratorium Period.  Assets in the Initial Moratorium Period are shown below.

Expressions of interest are invited from any community interest group wishing to be treated as a potential bidder for the asset. At this stage the community interest group does not have to provide evidence of an intention to bid or financial resources to make a bid.

A community interest group must be either:

• a charity
• a community interest company
• a company limited by guarantee that is non-profit distributing
• a community benefit society

To submit an expression of interest either email fplanning@hastings.gov.uk or write to Planning Policy team, Hastings Borough Council, Muriel Matters House, Breeds Place, Hastings, TN34 3AT

Once the Initial Moratorium Period has closed and an expression of interest has been received the asset continues into a Full Moratorium Period for 6 months.  This 6 months runs from the date the Initial Moratorium Period started.  Assets in the Full Moratorium Period are shown below.

Beyond the expression of interest stage, any negotiations for the sale or lease of assets are undertaken between the interested party and the property owner and should be directed to them.  Hastings Borough Council does not have a role in this later stage.

The triggering of the Initial Moratorium Period does not restrict in any way who the owner of the asset can sell his or her property to, or at what price and it does not confer a right of first refusal to community interest groups, but allows a local community group to prepare and submit a bid for the property.

Community Assets in the Initial Moratorium Period

None.

Community Assets in the Full Moratorium Period

The Old Town Hall, High Street, Hastings, TN34 3EW (expression of interest received).  Applications to buy this asset should be sent directly to the owner before the end of the Full Moratorium Period on 08 April 2020.

Community Assets in the Protected Period

Isabel Blackman Centre, Winding Street, Old Town, Hastings, TN34 3AT.  Protected period last until 8 April 2024.