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Buying an asset

Eligibility to buy assets of community value

Community interest groups do not have a right to buy assets within their community.

The regulations around assets of community value only stall the selling process. This gives eligible community interest groups time to prepare a proposal and raise the funds to put in an offer.

Sales takes place under normal market conditions and the owner is under no obligation to sell to a community interest group.

Groups that can buy assets of community value include:

  • parish councils
  • charities
  • community interest companies

You can find a full list of groups eligible to buy assets on the list in the Assets of Community Value (England) Regulations 2012.

Assets with notice of owners' intention to sell

We've received notice of the owners' intention to sell these assets:

Download list

Walsall Council has received notification from the owner of the White Lion Public House, of their intention to sell the property.

The public house which is situated on Sandwell Street, Walsall is currently nominated as an asset of community value.

The organisation who made the nomination or any other community interest group has until Tuesday 23 July 2024 to inform the Council in writing that it wishes to submit an expression of interest to bid for this asset.

Once a group has submitted an expression of interest, the Council will inform the owner in writing that such group should be seen as a potential bidder. The Community Interest Group then has the six months full moratorium period starting from the date when the Council acknowledged the owner’s notice of disposal to prepare and submit a bid to the owner.

If no expressions of interest are received during the interim moratorium period, the Council will notify the owner that they are free to dispose of the asset at any time during the 18 months protection period.

Download list

Submit an intention to bid

If the owner of a building or land that is on the list of assets of community value wants to sell their property, they will let us know.

We will notify the community interest group who originally nominated the asset. We will also publish details about the asset on this page.

If your community interest group is interested in buying the property you must contact us by post to submit an intention to bid within six weeks. Submit your intention to us in writing, with evidence that your group is a constituted 'community interest group'.

We recommend that you get proof of delivery, either through recorded receipt postage or request a receipt for hand delivered post.

We will share your intention to bid with the owner of the land and pass on your contact details.

This will trigger the full six-month moratorium period during which the asset cannot be sold, except to a community interest group.

Get help with making a bid

You can contact us for advice about making a bid.

You can also get information and support from:

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