“Community groups have been given six months to make their submissions by January 11, 2019.
Exeter-based JLL, have been appointed by East Devon District Council as property marketing advisor, and will be offering advice and taking bids from non-commercial organisations immediately.
In the autumn, the company will open the bidding up to commercial property sector who will have only three months to put forward a bid.
Councillor Jeff Turner, of Sidmouth Town Council, said: “I’m pleased to see that the six month period has now started for the local community in Sidmouth to come forward with any ideas they may have.
“This commences the next stage of the process in finding a way forward for this area of the seafront which is of significant interest to a great many people in Sidmouth.”
It follows 18 months of consultation, which included a scoping study around the town’s Port Royal area to find out what the community would like to see there.
EDDC also carried out a marketing exercise to see about the possibility of adding attractions such as a high quality restaurant/bar development or something similar.
An EDDC spokeswoman said: “As a result of hearing what local people wanted and also acknowledging the constraints of the site including increased risk of flooding, a lack of financial viability in relation to large scale mixed use development and existing covenants, it was agreed that the original proposals should be ruled out.”
Cllr Philip Skinner, Deputy Leader of East Devon District Council and its economy portfolio holder, said: “I’m delighted that we are now able to offer this opportunity for the local community in Sidmouth to come forward during the next six months with their ideas for the site.
“Our property advisor will be available to offer guidance to interested parties and I look forward to seeing a range of proposals when the marketing period concludes in January next year.”