Community Assets for sale
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.
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 firstname.lastname@example.org or write to Planning Policy team, Hastings Borough Council, Muriel Matters House, Breeds Place, Hastings, TN34 3AT
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. Hastings Borough Council does not have a role in this later stage.
The triggering of the 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 moratorium
Isabel Blackman Centre, Winding Street, Old Town, Hastings, TN34 3AT. Expressions of interest must be received no later than 5pm on 06 August 2019.
Community Right to Bid