THURSDAY, JANUARY 24, 2008
1:00 P.M. (SHARP!)
Sale Location: 101 S. Main Street Sullivan, Indiana
14 S. Court St.
101 S. Main St.
1303 N. Main St.
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3 REAL ESTATES & PERSONAL PROPERTY OFFICE FURNISHINGS AUCTION Bradley W. Skolnik, Receiver for Alanar Inc. will offer for sale, at Auction, 2 Commercial Real Estates located at 101 S. Main Street and 14 S. Court Street, Sullivan Indiana and a Residential Home located at 1303 N. Main Street, Sullivan, Indiana. Immediately following the sale of the 3 Real Estates, personal property office furnishings will be auctioned. WATCH FOR JOHNNY'S SIGNS! |
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THURSDAY, JANUARY 24, 2008 1:00 P.M. (SHARP!) Sale Location: 101 S. Main Street Sullivan, Indiana |
14 S. Court St. |
101 S. Main St. |
1303 N. Main St. |
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14 S. Court Street (See Parcel 2 description below)
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101 S. Main Street (See Parcel 1 description below)
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1303 N. Main Street (See Parcel 3 description below)
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There will be a showing of the Sullivan Properties on January 7, 2008
4:00-5:30 pm
(The showing will begin at the 101 S. Main Street location.)
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PERSONAL PROPERTY & OFFICE FURNISHINGS Office Furnishings Personal Property will be auctioned immediately after the auctioning of the 3 real estates. |
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There will be live audio and internet bidding accepted on the 3 real estates Leave bids before or bid during the auction online at Proxibid.com
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(Note Terms of Real Estate Below) |
| Real Estate:
The real estate consists of 2 commercial buildings and one residential
property all located in Sullivan, Indiana. The 2 commercial buildings
are located on the town square.
Parcel 1: The real estate is a very stately building that sits on the southeast corner of the square facing the courthouse. The outside façade of the building is Bedford stone with the interior being finished dry walled walls. The floors are carpeted throughout with the 4.5 baths having tiled floors. The ground floor has 2 lobbies, 4 offices, (2) 2-stall restrooms, (1) 1 stall restroom, a small conference room, storage room, a second entrance area and 2 separate stairways leading to the 2nd floor as well as 2 HVAC’s. The entrance lobby boasts a very ornate chandelier and ceiling. There is decorated carved wood trim, unique wall murals, interesting architectural details and fixtures throughout the building. The 2nd floor has 20 offices, (1) 2 stall restroom, (1) 1 stall restroom, lobby area, a large conference room with tiered stage and hosting area, kitchen, storage closet, 4 large skylights and 3 HVAC’s. There are 2 very large working vaults in this building which makes it suitable for any type of business. The building is equipped with an ADT Security system with motion detectors throughout. PARCEL NUMBER 1: 77-07-34-223-055.000-012 LEGAL: OT LOT 88. REAL ESTATE TAXES: The Real Estate Taxes are $ 8,620.48 per year and will be pro-rated at closing. Parcel 2: This is a 2 story brick building with full basement, a covered recessed entryway and 2 window display areas on the front of the building. Upon entering there is a wide open, carpeted, wooden stairway leading to the basement level. The basement area has an ornate ceiling, 10 rooms, (1) 1-stall restroom and kitchenette in the basement. The ground floor evolves around the open stairway to the basement and is one large open area. There is a carpeted wooden stairway leading to the 2nd floor. The 2nd floor has 5 rooms, (1) 1-stall restroom and 2 skylights. PARCEL NUMBER 2: 77-07-34-223-169.000-012 LEGAL: OT N 1/2 S 1/2 LOT 66. REAL ESTATE TAXES: The Real Estate Taxes are $ 3,409.36 per year and will be pro-rated at closing. Parcel 3: The real estate is a 2 bedroom, 1 bath home with a concrete block foundation on a 50’ x 130’ lot. The home is aluminum sided with a covered open front porch and covered back patio. There is a 100 ampere breaker box, electric hot water heater and gas forced air furnace. The living room and bedrooms are carpeted with the kitchen and bath being vinyl. There is also a stainless steel and black front refrigerator staying with the home. PARCEL NUMBER 3: 77-07-27-223-024.000-012 LEGAL: WELLMANS LOT 158 REAL ESTATE TAXES: The Real Estate Taxes are $ 783.10 per year and will be pro-rated at closing. TERMS OF REAL ESTATE: The Successful Bidder will deposit 10% of the contract purchase price (except for exempt entities) at the auction in the form of cash, cashier’s check or approved personal check or company check with bank letter of guarantee (no bank drafts). The Buyer will sign a non-contingent real estate contract with the balance due in 30 days or thereafter within 5 days of presentation of insurable title. The Real Estate will be sold “AS-IS” with no warranty, expressed or implied, but will be free and clear of any liens or encumbrances. An ALTA 2006 Title Insurance Commitment in the amount of the contract price will be supplied to the Buyer by the Seller, and Seller shall pay for title search, premium for owner’s policy and cost to correct any title defects. If obtaining a loan, the Buyer shall pay the mortgage policy. The Buyer will pay for the recording of his/her necessary documents. The Auction will conclude when the Auctioneer determines that all buyers have made their best and final offers. Anyone desiring to bid must be approved prior to sale by Johnny Swalls. Internet Bidders must deposit $5,000.00 cash prior to bidding at the Auction. Any statements made by the Auctioneer day of sale or during the sale take precedence over any oral or written heretofore. REAL ESTATE BUYER’S PREMIUM: The Buyer will pay a 6% Buyer’s Premium if bidding from the Auction floor, 7% if bidding via the Internet, which will be added to the bid price to arrive at the contract price. The Buyer is only required to pay 10% down, of the contract price, day of sale. No Buyer’s Premium or Internet bidding on the Personal Property. SURVEY: The survey cost, if needed, will be paid by the Buyer and completed after closing. POSSESSION: At closing for the Real Estate. Possession of Personal Property day of Auction. AGENCY: Johnny Swalls Auction, Inc. and its Representatives are Exclusive Agents of the Seller. FOR PRIVATE SHOWING CALL: Sale Coordinator, P.J. Bezy 812-495-6119 SALE LOCATION: 101 S. Main Street, Sullivan, Indiana.
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AUCTIONEER’S PHONE: 812-495-6119, 812-696-5099 FAX: 812-696-5090 E-MAIL: auctions@jswalls.com AUCTIONEER: Col. Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA IN #AU01026257 AUCTIONEER: James R. Swalls IN #AU09200044 |
jswalls.com |
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