New Barnet pub nominated as Asset of Community Value
Former regulars seek protection for the Builders Arms while a buyer is sought.
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A group of former patrons has put forward a nomination for the Builders Arms pub in New Barnet to be designated an Asset of Community Value. The vacant establishment is presently listed for sale at £595,000. This nomination seeks to secure a period of protection, offering an opportunity for a new proprietor to emerge and potentially re-open the pub.
Protection for Community Assets
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Greg Allam, who previously worked at the Builders Arms, is leading the initiative. He submitted the application to Barnet Council on behalf of an unincorporated organisation. If Barnet Council approves the nomination, the pub will gain ACV status. This status requires the council to consider the nomination and would trigger a six-month moratorium on its sale on the open market, preventing a sale during that period. This protection could also influence decisions on planning applications for a change of use or demolition.
Mr Allam stated that the aim is to "secure as much protection for as long as possible to see if there is a chance of someone coming forward to re-open the pub." He believes the completion of the nearby Park Quarter development, which will add 420 new homes, could present a fresh opportunity for a new owner. Construction disruption on Albert Road had previously impacted trade, leading the former landlady to not renew her tenancy.
Precedent in Barnet
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Previous successful Asset of Community Value nominations have been granted for pubs in other parts of the borough. In early 2024, the Prince of Wales pub in East Barnet received ACV approval, which ultimately was not needed as new owners took over and refurbished the premises. More recently, ACV protection supported former regulars of the Black Horse in High Barnet in securing a one-year tenancy for a community-led business, leading to the pub's re-opening in late June.
What Happens Next
Barnet Council will now consider the nomination for the Builders Arms. If granted, the ACV status will provide a six-month window during which the community can explore options for a potential bid, should the pub not be sold on the open market.
Questions this report answers
+What is the Builders Arms pub being nominated for?
The Builders Arms pub in New Barnet is being nominated for Asset of Community Value (ACV) status. This nomination was put forward by former customers and aims to protect the pub while a new owner is sought.
+How much is the Builders Arms pub currently for sale for?
The Builders Arms pub is currently on the market for £595,000. The nomination for ACV status seeks to provide protection to allow time for a potential buyer to come forward.
+What happens if the Builders Arms is granted Asset of Community Value status?
If Barnet Council approves the ACV nomination, it will trigger a six-month moratorium on the pub's sale on the open market. This period allows a community organisation to express interest as a potential bidder and explore options for re-opening the pub.
+Has this type of nomination protected other pubs in Barnet?
Yes, previous ACV nominations have provided protection for pubs in High Barnet and East Barnet. In East Barnet, the Prince of Wales received ACV approval, and in High Barnet, ACV status strengthened the position of those seeking a tenancy for the Black Horse.
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