SOLD     $21,200     THANK YOU!!!          SOLD     $21,200     THANK YOU!!!          SOLD     $21,200     THANK YOU!!!

COMMERCIAL REAL ESTATE & EQUIPMENT AUCTION

BUYER MAY PURCHASE REAL ESTATE PRIOR TO AUCTION

Real Estate Being Offered as a Turnkey Business

Cheryl Hayden will offer for sale, at Auction, the following commercial real estate and beauty salon equipment located at 509 NE “B” Street, Linton, Indiana. From Highway 54 in Linton, turn north onto NE 6th Street, turn left onto “B” Street. The Real Estate is on the south side of “B” Street at the curve in the road.     WATCH FOR JOHNNY’S SIGNS!

WEDNESDAY, OCTOBER 31, 2007

2:00 PM (Sharp!)

LINTON, INDIANA

OWNER: CHERYL HAYDEN

NOTE:  This property may be purchased prior to auction by contacting Johnny Swalls with an offer and the Seller will act on the offer.  The deadline for making this offer is  Tuesday, October 30, 2007, at 12:00 Noon. First accepted Offer Buys.

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Auction Schedule

REAL ESTATE: This real estate is a wood frame building with parking lot, on 2 lots equaling .65 acres m/l. The building has central air, baseboard heat, dry wall walls, spackled ceilings and is currently operated as a beauty salon with all the necessary amenities.  The building consists of 5 rooms; a salon room with 2 dryer chairs, 3 stations with chairs and mirrors, 2 shampoo bowls with chairs; a large waiting room; a bathroom and 2 rooms for tanning and nails that could also be used as offices.  In addition to the fixtures above,  there will also be a cash register, computer desk and desk chair, bookcase, stackable washer & dryer and 2 laundry carts included in the sale of the real estate. In addition to the building there is enough parking for 10 cars in your own parking lot. Close on this today and you’re ready for business tonight!  This real estate can be easily converted into other office space or even a quaint home.

PARCEL NUMBERS:  28-06-23-221-080.000-018; 28-06-23-221-079.001-018

LEGALS:  PT NE NW 23-7-7 .59AC; PT NE NW 23-7-7 .057AC

REAL ESTATE TAXES:  The real estate taxes are approximately $1,192. per year for both parcels. 

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 survey cost, if needed, for either tract will be paid by the Buyer and completed after closing.

POSSESSION:  Possession at closing.

AGENCY: Johnny Swalls Auction, Inc. and its Representatives are Exclusive Agents of the Seller.

FOR PRIVATE SHOWING CALL:  Sale Coordinator,  P.J. Bezy 812-495-6119

SALE LOCATION:  At the Property at 2 p.m. PLEASE CALL TO MAKE SURE THE PROPERTY HAS NOT SOLD.  

PHONE: 812-495-6119 or 1-877-696-5099

FAX:  812-696-5090  E-MAIL:  johnnyswalls@joink.com

AUCTIONEER:  Col. Johnny Swalls

CAI, AARE, GPPA, CAGA, CREA  

IN  #AU01026257

jswalls.com