Pub
The property comprises a two‐storey public house of traditional brick construction under a pitched tiled roof, has wooden window casements with stone mullion dressings and a small single storey addition providing w.c. accommodation.
The ground floor provides a bar, lounge/seating area with two feature brick fireplaces, mainly wooden floors and gas central heating, along with a small service area to the rear of the bar. In addition there is also a beer cellar that was not inspected.
The first floor is accessed via a staircase behind the bar and comprises a large open landing leading to the kitchen, bedroom with large bay, two further bedrooms and bathroom. The first floor is currently being utilised for storage rather than living accommodation.
Externally there is parking at the front of Butterfly Hill for approximately 5 cars and a small enclosed outdoor seating area to the rear.
The property is located on top of Butterley Hill, close to the junction with Nottingham Road and the town centre. Ripley is a popular market town and administrative HQ for Amber Valley Borough Council. Derbyshire Police also have an HQ on the outskirts of the town. The close proximity to the A610 and A38 provide excellent communication links across the region.
The property is sold subject to a lease dated 2 December 2019 for a term of 7 years. Further details can be found within the legal pack.
82.5 Sq M / 888 Sq Ft
82.5 Sq M / 888 Sq Ft
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
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.
