PLEASE CALL TO MAKE SURE THE PROPERTIES HAVE NOT SOLD PRIOR TO AUCTION

SANDCUT GROCERY STORE-THIS IS AN OPEN, ON-GOING BUSINESS at 8094 Rosedale Rd.

REAL ESTATE: All trade fixtures are included. In the past 3 years many updates have been done which include: Rebuilt kitchen;

Lincoln double sided cooking pizza ovens and a special made prep and advertising table for the Pizza System; 2-Shelf pizza warmer;

Like new self contained pressure cooking system (no hood required); Anvil electric griddle; 1,000 Watt microwave; Hobart meat slicer;

New digital scales; Otis Spunkmeyer baking oven for cookies; Cookie case; 4’ Deli case; 3 New glass front freezers; 2 Chest-type

freezers; 1 Large upright freezer; 1 refrigerator/freezer; 4 Stainless steel sinks; 27 Ladder-back chairs and 4 dining room tables and

new electronic cash register. There is an ATM Machine, Deer checking station and public restroom. Vendors have supplied machines

 for the concessions. The office consists of a security video monitoring system that runs 7 days a week, and has a desk, chair, fax, copier,

computer, cabinet, 1 large safe and 2 small safes. Security bars on the windows, and a Security system with fire protection and cameras;

The building has vinyl siding and 200 amp service; 1 year old Kelvinator gas forced air furnace and central air plus central air handler;

Gas water heater; Utility sink and 2 Floor buffers. The building is vinyl sided with sculptured shingle roofing and rubber roof over the

office. On the outside there is a 50 cent air station. There is asphalt parking on the north and east side of the building.

NOTE: The Buyer of the store will have the first option to buy the home across the street.

PARCEL #:  84-03-20-126-005.000-012

LEGAL:  SANDCUT FARMS NE COR SUBJ .120 AC CO RD D-405/175 20-13-8 LOT 3 .360 AC

REAL ESTATE TAXES: Approx. $ 409.54   (with mortgage exemption) per year & will be pro-rated at closing.

The Seller will walk out and leave all stock and items the same day that the Buyer pays for the property. All of the stock will go to the

Buyer. The business will be on-going and will not close during the change of ownership.

THE HOME at 8100 Rosedale Road is a fixer upper’s dream with a great location on the corner.  It consists of a 2 bedroom, 1 bath,

block home on a slab with concrete floors sitting  on .83 acres.  The home has a well and septic, but city water and natural gas are

available.  The home is ready for renovation: no heat/furnace in the home.

PARCEL #: 84-03-17-383-006.000-012  LEGAL:  SE COR SW D-385/916 & 20012133 17-3-8 .830 AC

REAL ESTATE TAXES: Approx. $  591.36   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 and recording of 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 INFORMATION:   The Buyer will pay for Survey, if one is needed and shall not delay closing.

MINERAL RIGHTS: All coal, fire clay, gas and  any underlying minerals owned by the Seller will be transferred to the Buyer.

POSSESSION: At closing and not before.                                 

FOR SHOWING, CALL: 812-495-6119 or 1-877-696-5099

EMAIL: auctions@jswalls.com

AUCTIONEER/BROKER: Col. Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA,

IN AU01026257 PB20803178

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