Letter Confirming Listing Of Red Lion Pub As An Asset Of Community Value

This letter says it all!

Date:                 12^th September 2013

Contact number:   01395 517548

E-mail:               nwright@eastdevon.gov.uk

Direct fax:               01395 517509

Our Reference:     NW/CA003

Your Reference:  

East Devon District Council Knowle Sidmouth Devon EX10 8HL DX 48705 Sidmouth Tel: 01395 516551 www.eastdevon.gov.uk

Mr J Loudoun

Dear Mr Loudoun

Asset of Community Value Nomination/Notice of Sale

The Red Lion Public House – community Asset

With reference to our telephone conversation on Wednesday 11 September 2013, I can confirm that the Red Lion, Sidbury has been listed as a Community Asset with effect of 11 September 2013.

As the asset was already up for sale, the initial moratorium period starts with immediate effect.  As the Red Lion Campaign Group was the nominating body, you have a period of 6 weeks until 23 October 2013, to confirm to me in writing if they wish to be treated as a potential bidder.

If the Red Lion Campaign Group does decide to bid for the property, the full moratorium of 6 months, form 11 September 2013 takes effect.  During this period the owner can sell to the Red Lion Campaign group at any time.  The owner may continue to market and negotiate sales, but cannot enter into binding contract to sell the property until the 6 months has elapsed.  Once this period has passed or the Red Lion Campaign Group has withdrawn from the process, the owner can sell to whomever they wish at whatever price they wish. 

No further restriction of sale can be put on the property for 18 months directly following the period of the moratorium.

Yours sincerely

Nick Wright

Economy Practice Manager

For Head of Economy