Tuesday 13 August 2013 4.38pm
From the article:
If the council accepts the nomination, inclusion on the list of assets of community value gives local people time to make a bid to buy the property on the open market if the property owner decides to sell.
As I understand it, all it does is prevent the building being sold (eg to a developer) without anyone knowing about it, and slow the sale process down to give 'local people' the chance to put in an offer.
In other places (eg Nunhead
), community groups have set up companies to buy the property. In SE1, there's the possibility that St Saviours might step in. But, fundamentally, there's no protection from a change of use if no-one with the money to but the property and a commitment to continue the operation of the pub steps up.