Stapleford High Street Rental Auctions

High Street Rental Auctions (HSRAs) are a new permissive power for local authorities to require landlords to rent out persistently vacant commercial properties to new tenants such as local businesses or community groups. Local authorities will be able to take action to fill long term vacant properties by auctioning lease rights of up to 5 years.

We have registered with MHCLG, Communities and Inclusive Growth Policy and Strategy Division, as one of eleven councils now on the HSRA ‘Early Adopter’ programme.  Tranche one was Bassetlaw, Darlington and Mansfield and tranche two are the following councils: Barnsley, Broxtowe, Camden, Hillingdon, Lichfield, North Northamptonshire, North Somerset and Westminster. 

When we select the premises for HSRA, it must satisfy the 'vacancy condition' (unoccupied continuously for 12 months or for at least 366 days non-continuously within a 24-month period) and the 'local benefit condition' (occupation of the premises for a suitable high street use would be beneficial to the local economy, society or environment).

The Process

The HSRA process takes 22 to 24 weeks after community engagement and involves a notice period and auction period. Prior to that, we identified premises that satisfied the ‘vacancy condition’ within the Stapleford HSRA Designated Area. We have established a Vacancy Register of those properties and held our 28-day  community engagement period. We can now start the HSRA Notice Period and Auction process taking  a further 24 weeks.

Designated Area

The Council has confirmed a Designated Area in Stapleford Town Centre where High Street Rental Auctions can be used. This area has a vacancy rate of 11%.

Stapleford HSRA Designated Area (.pdf) (270KB) (Opens in a new window) 

Contacts

If you wish to find out more about the Stapleford HSRA Designated Area, please email economic.development@broxtowe.gov.uk or by post to Economic Development, Broxtowe Borough Council, Foster Avenue, Beeston, Nottinghamshire, NG9 1AB.

As Broxtowe Borough Council is one of 11 Early Adopters of the HSRA initiative, information is limited at this time. This page will be updated with further information when it becomes available.