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The George, 20 Lowes Hill, Ripley, Derbyshire DE5 3DW

Lot no: 107 Available for £180,000
 

Guide Price £165,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 25th April 2024

9.00am
Key Features
  • Public House
  • Approximately 2,389 sq ft
  • Large outdoor seating area to the rear and separate parking
  • Living accommodation on the upper floors
  • Potential for expansion/residential redevelopment, subject to planning
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Available for £180,000

Pub

Property Description:

The George is a public house with extensive lounge/bar on the ground floor alongside ladies/gents wcs and cellar. On the first floor are two bedrooms, kitchen and large bathroom with a further two bedrooms in the converted attic space. Externally there is a large outdoor seating area to the rear and approximately 12 car parking spaces.

The property is located on Lowes Hill, a short distance from Butterley Hill, one of the key routes in and out of the town centre. The surrounding area is predominantly residential.
Ripley is a popular market town and administrative HQ for Amber Valley Borough Council and Derbyshire Police. The close proximity to the A610 and A38 provide excellent communication links across the region.

Note: The registered address on Land Registry is: The George Inn, Lowes Hill and land lying to the East of Lowes Hill, Ripley.

Ground Floor

1,227 sq ft (114 sq m)

First Floor

616 sq ft (57.2 sq m)

Second Floor

239 sq ft (22.2 sq m)

Cellar

307 sq ft (28.5 sq m)

Potential

The property has the potential for expansion/residential conversion/redevelopment, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Vacant possession upon completion.



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.


Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).


Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.