Assets of Community Value
The Council is required to maintain a list of land, buildings or structures in its area that are assets of community value.
Community groups can nominate land, buildings or structures to the Council as potential assets of community value if they consider the existing use has been to further the social well-being or social interests of the local community and the use could continue in the future.
If land or buildings on the list come up for sale in the future then the local community has the option of six months to prepare a bid to buy the asset. It should be noted, however, that the legislation does not restrict who the land can be sold to or at what price.