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COMMERCIAL REAL ESTATE AUCTION Buyer May Purchase Real Estate Prior to Auction James O. McDonald, Trustee for the John R. Dennis Trust, will offer for sale the following commercial real estate located at 3295 Fruitridge Avenue, Terre Haute, Indiana. From the intersection of U.S. Highway 40 and Blakely Avenue in Terre Haute, turn north on Blakely; Continue north past North Vigo High School and Sony DADC; At the next stoplight turn east (Ft. Harrison Avenue), the property is located on the southeast corner. WATCH FOR JOHNNY'S SIGNS!! |
WEDNESDAY, JUNE 4, 2008 3:00 PM (SHARP!) OWNER: JOHN R. DENNIS TRUST LOCATION: 3295 FRUITRIDGE AVENUE TERRE HAUTE, INDIANA NOTE: This property may be bought prior to auction by contacting Johnny Swalls with an offer and the Seller will act upon the offer. The deadline for making this offer is Tuesday, June 3, 2008 at 12:00 Noon. First Accepted Offer Buys! |
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| REAL ESTATE: The real estate consists of a
concrete brick structure with a concrete slab floor and sloping roof. The
front of the building has a shingled awning and pillar supports. The outside
of the building has more than adequate lighting, security lighting at
the rear of the building and plenty of parking available on all sides.
The building has all city utilities, more than ample electric service
for any normal business and was formerly operated as a pizza dining
establishment. Inside the front entrance door is a foyer area,
order and cashier counter, tiled salad bar area and 35L x 23W dining
area. There is a kitchen area with 11 x 6 vent hood, refrigerated
topping station, 8' long stainless prep table, salad bar, 5 rows of shelving for
storage, hand sink and 2 large walk in refrigerators with kegerator.
There is also a manager's office and food storage area in the rear
of the building as well as 2 exit doors. PARCEL NUMBER: 84-06-12-200-022.000-002 LEGAL DESCRIPTION: 135.76' ON FRUITRIDGE & 224.35' ON FT HARRISON .703AC 12-12-9 REAL ESTATE TAXES: The real estate taxes are approximately $4,946.49 per year 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. Any statements made by the Auctioneer day of sale or during the sale take precedence over any oral or written heretofore. BUYER’S PREMIUM: The Buyer will pay a 6% Buyer’s Premium 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. SURVEY: The Buyer will pay for the Survey, if one is needed, and Survey will be completed after Closing. MINERAL RIGHTS: Any minerals owned by the Seller will transfer to the Buyer. POSSESSION: Possession day of closing. AGENCY: Johnny Swalls Auction, Inc. and its Representatives are Exclusive Agents of the Seller. FOR PRIVATE SHOWING CALL: Sale Coordinator, P.J. Bezy 812-696-5099 SALE LOCATION: 3295 Fruitridge Avenue, Terre Haute, IN. PLEASE CALL TO MAKE SURE THE PROPERTY HAS NOT SOLD. |
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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 |
www.jswalls.com |
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