The owners of the Corrib Rest have given Brent Council notice that they intend to lease out the ground floor as a pub and community space.
As QPARA is the organisation that nominated the Corrib to be listed as an Asset of Community Value, Brent has to notify us directly. This is in case any local community interest group wishes to be treated as a potential bidder. If they express an interest within 6 weeks, it would trigger a moratorium of 6 months during which the owner cannot grant the lease. This is explained more fully in the following extract from Brent’s letter to QPARA:
- The notice from the owner was received on the 16th October 2017.
- The initial moratorium period, in which community interest groups can request in writing to the Council that they be treated as a potential bidder in relation to the land runs from 16th October 2017 and ends at 11.59pm on 26th November 2017 ( 6 weeks beginning with the date on which the Council received the notice from the owner). Any such notification within the 6 week period from community interest groups received by the Council will be forwarded to the owner of the land.
- The full moratorium period of 6 months will be triggered if a request from one or more community interest groups is received within the 6 week period as stated in no.2. The six month full moratorium period ends at 11.59 pm on 15th April 2018 (6 months beginning with the date on which the Council received the notice from the owner).
- If this full moratorium is triggered the owner cannot dispose of the land in that six month period, other than to a community interest group. If no community interest groups request to the Council that they be treated as potential bidder in the 6 week interim moratorium period, no full moratorium period applies and the owner is able to dispose of the land after the 6 week interim period to whomever they wish.
- The protected period in which the owner can dispose of the land ends at 11.59pm on 14th April 2019 (18 months beginning with the date on which the Council received the notice from the
wner – 16 October 2017). If disposal does not take place in this protected period the owner must give further notice under s95(2).
- From 14th April 2019 the owner of the land at Corrib Rest Pub at 76 – 82 Salusbury Road, London NW6 6PA is able to dispose of the land without any restrictions.
QPARA understands that the owners have instructed agents to market the pub space by granting a new lease and inviting rental offers in excess of £150,000 a year. A QPARA member in Hopefield Avenue has already been approached for information about the community space by a Brighton chain of pubs.