Assets of Community Value and The Community Right to Bid - Make a bid

It is important to note that not all groups mentioned under 'making a nomination' are eligible to place a bid.  All groups can nominate but unincorporated groups cannot bid as they are unable to legally own property.

The owner of the property must advise us when they intend to sell the property and we will publicise this on our website as well as informing the nominator.

If you want to make a bid you must inform us within six weeks of us telling you the property is available to purchase.  You will then have six months to put together the bid.  Please note, this is not from when you inform us but six months from when the owner advises us of their intention to sell (this is known as the moratorium period).  If there is more than one community group interested in purchasing the property we would encourage the groups to work together.

You may enter into negotiations with the property owner at any point before the end of the six months, providing the owner is willing to do this.  We would ask that we are kept informed of any developments.

At the end of the moratorium period, if you have successfully put a bid together, the owner will have the option to either accept your bid or sell the property freely on the open market. 

What is Assets of Community Value and Community Right to Bid?