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If A Property Is Listed As An Acv After Exchange Will That Prevent Completion Of The Sale?
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Can a property be listed as an asset of community value after a conditional contract has been exchanged, but prior to completion, and can such listing potentially prevent completion of the sale?
The planning permission required has been applied for, but not granted.
The asset is a public house, that has been conditionally sold to developers.
The planning permission required has been applied for, but not granted.
The asset is a public house, that has been conditionally sold to developers.
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For more on marking an answer as the "Best Answer", please visit our FAQ.I do not have the rules in front of me but common sense says that an ACV must be made before any offer for sale. As I said, it will significantly affect the valuation so as a clause in the sale it has to be disclosed before the valuation is made.
I sympathise with you, both my local pubs which I had used for 38 years were sold and turned into blocks of flats last year. My town has lost 3 other pubs as well as those 2 in the last 3 years. Nearest pub is now nearly 2 miles away rather than 500 yds.
I sympathise with you, both my local pubs which I had used for 38 years were sold and turned into blocks of flats last year. My town has lost 3 other pubs as well as those 2 in the last 3 years. Nearest pub is now nearly 2 miles away rather than 500 yds.
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