We’ve been advised by Dacorum Borough Council that the freeholder of The Plough wishes to dispose of the property.
The Plough was listed as an asset of community value which means that before the freeholder can proceed with an open market sale, the property is subject to a six week moratorium during which a community interest group may express an interest in acquiring it. This period expires on 22 June 2020. If there is no expression of interest then the freeholder will be free to dispose of the property on the open market.
If during this six week period a community interest group expresses an interest in buying the property then they will have six months to make a bid. That period expires on 11 November 2020.
Further details are contained in the attached letter from Dacorum.