Sign the petition
The council plans to sell off a portfolio of commercial property in the Amwell Street area by utilising a system of sale tantamount to sealed bidding, without giving the tenants a guide bidding price. The businesses affected may be unwittlingly bidding against property developers vying for the entire portfolio, who will not neccessarily offer more for the individual properties but still have the offer accepted as a whole. This process can have disastrous effects for the businesses and local residents, who see rents forced up, essential community serving business moved out to pave the way for development profit. If you enjoy the mix of indepenent shops and businesses in and around Amwell Street and wish for them to be given the opportunity to buy their freeholds in a transparent way, by being offered an asking price by the council, please show your support by leaving a comment.