PLEASE CALL TO MAKE SURE THE PROPERTY HAS NOT SOLD PRIOR TO AUCTION.

REAL ESTATE:  Both buildings are brick structures w/ 90# roofing.  The buildings will be sold as one unit with a recent natural gas heat plant that serves both structures. The front of the commercial building faces Wabash Ave.  This 3 story brick building currently is set up for separate Tanning Centre and Beauty Salon and has a partial basement.  The Tanning Centre is served by steam heat radiators, also a stand alone electric forced air furnace and 3 ton central air conditioner.  There are 9 tanning rooms w/ 6 beds & 1 upright booth.  The Beauty Salon w/ 7 work stations, has the potential of $630 income per week;  Owner will give Buyer a central air conditioning unit.  Upstairs there are (4) five Rm. apartments in need of remolding.  The two story north building, has (8) one bedroom apartments @$395 per month; All are occupied.  One is occupied by a live in maintenance supervisor. 

PARCEL NUMBER:  84-06-22-404-006.000-002                                   LEGAL:  JEWETTS 3RD SUB W-1/2 22-12-9 LOT 9 

REAL ESTATE TAXES:  The real estate taxes are approximately $3,015 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.  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.

POSSESSION:  Possession day of closing.  Rent to be prorated at closing.

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

FOR A PRIVATE SHOWING Call:  812-495-6119

SALE LOCATION:  1400 Wabash Avenue, Terre Haute, IN. 

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

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