Assets of Community Value

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2. What is an Asset of Community Value?

An Asset of Community Value can comprise land or buildings.

There are certain exclusions:-

  • A building wholly used as a residence, together with land "connected with" that residence. This means adjoining land in the same ownership. Land is treated as adjoining if it is separated only by a road, railway, river or canal. However, the fact that a building (for example a pub) contains an integral flat does not prevent it from being eligible for listing.
  • A caravan site.
  • Operational land. This is generally land belonging to the former utilities and other statutory operators.

Subject to that, the asset should be listed if in the opinion of the Council:-

  • an actual current use of the asset furthers the social well being or social interests (cultural, recreational and/or sporting) of the local community, and
  • it is realistic to think that there can continue to be use of the asset which will further the social well being or social interests of the local community, although not necessarily in the same way as before.

Alternatively, an asset can qualify if it had such a use in the recent past, and it is realistic to think that there is a time in the next five years when it could do so again (whether or not in the same way as before).

"Use" means the main use of the land or building. For these purposes, an ancillary (or secondary) use does not count.

Examples of assets of community value could be pubs, shops, libraries and community facilities, although not every example of these facilities will qualify. A shop in Exeter High Street would not be considered to further the community's social well being or interests in the same way as a single shop in a small village.