A recent appraisal by valuers confirmed that the Red Lion remains viable to purchase for the price we have offered and our offer remains in place. The site will remain designated as an Asset of Community Value until at least 2019. In July we renewed the prohibition on Fullers selling it to any party other than the village community until January 2016.
Immediately after, regrettably without first advising us, Mark and Sandra Page from the Joiners Arms made a separate bid for the Red Lion freehold. Because of the ACV status Fullers' agent replied that they could not negotiate with them until after Jan 2016. Mark has since approached the steering committee explaining that delay in his negotiation with Fullers adversely affects his business arrangements. He has asked us to write a letter stating that the village community would be content if the freehold were purchased by Mark and Sandra and did not object to Fullers beginning negotiation with them before January.
The committee met Mark on 24 October to discuss this. As the purpose of the community bid was to preserve the Red Lion as a pub, restaurant and garden, we decided that we should not do anything to obstruct his wish to buy. However, we cannot inform Fullers of that position without first gettig confirmation from the village and particularily from those who have contributed or pledged funds that they agree.
Please let us know by 8 November by email to firstname.lastname@example.org, telephone 01295 720 302 or write to St Mary's Lodge, Church St, Bloxham, OX15 4ES whether you have any objection to us confirming to Fullers that the village takes no objection to them negotiating prior to January a sale to Mark and Sandra. Also please note that Fullers cannot yet confirm that it will sell to Mark and Sandra. Therefore we request that investors leave their subscriptions in place. We will continue to collect money towards a potential purchase so that the village remains able to exchange contracts and complete a purchase at the price offered should the sale to Mark and Sandra not be completed.
We wish Mark and Sandra success in their bid . All share subscriptions will be returned promptly upon completion of a sale by Fullers to Mark and Sandra.
Bloxham Red Lion Hub Steering Group
Facebook group: Red Lion Bloxham