GREEN Man buyer Thomas Day says he’s “99 per cent” confident the keys will be in his hands on Friday — despite the historic town centre pub being re-listed for auction next month.
Auctioneers HEB has set a strict completion deadline and tentatively published a listing for the Green Man in its latest catalogue in case the sale falls through.
The catalogue, for a sale due to take place in Nottingham on Wednesday, October 17, lists the St John Street nightspot with a guide price of £450,000 as lot 10.
Auctioneer Matthew Hilton, who handled the initial sale of the Green Man Royal Hotel in April, explained Mr Day has been given until the end of September to pay for the Green Man Royal Hotel, which is currently in administration, because of pressure to sell from the bank.
He said: “Basically it takes four weeks to print our auction catalogues and although the completion is due by the end of the month, if it doesn’t complete we wouldn’t be able to get it into another catalogue until December — and we’re under a lot of pressure from the bank to get it sold.
“We’re really hoping that completion will take place on Friday but we’ve covered our backs by listing it just in case it doesn’t complete by the end of the month.” Mr Day, who also owns the Izaak Walton Hotel in Dovedale and the Paddock Hotel in Melbourne, has insisted he is still looking forward to receiving the keys and pressing ahead with his renovation plans — which he had hoped to finish by the end of summer.
Speaking exclusively to the News Telegraph back in early May, Mr Day (pictured) promised the Green Man would soon be ready to re-energise Ashbourne’s night-life.
He hinted he was keen to maintain the venue’s traditional values and said he planned to embrace Shrovetide, bring back the Green Man Disco and use local tradesmen and suppliers to nurse his new investment back to health.
But complications over evicting a sit-in tenant and then a quibble over a VAT bill have contributed to delays and now the Nottingham-based auctioneers have set a deadline of Friday for the sale to complete — or it will be relisted.