You have the right to identify buildings or other land you believe to be of importance to the community’s social wellbeing as an 'asset of community value'.
If we agree the building or land should be identified in this way, the community will be given a chance to bid on buying it if it comes up for sale on the open market. Nothing will happen unless and until the owner decides to dispose of the property or land.
Community value refers to the current use of the building or piece of land. It should add to the wellbeing or social interests of the local community. Any activities would be expected to continue if the community bought the property or piece of land.
The following are excluded from becoming assets of community value:
- residential property with connected land
- land owned by statutory providers for carrying out their work
- land used for residential caravan sites