BUYER MAY PURCHASE PRIOR TO AUCTION!
First Farmers Bank & Trust
REAL ESTATE & EQUIPMENT WILL BE SOLD AT PUBLIC AUCTION!
Auction Date: Wednesday, October 23, 2019 @ 2 P.M
This property may be purchased prior to Auction by contacting the Auctioneer with an offer and the Seller will act on the offer. The deadline for making this offer is: October 22nd by 12 NOON
This Commercial Real Estate is in a prime location on US –41 on a corner lot. This was formerly a Dairy Queen, for many years. It could be a local restaurant/ice cream parlor etc. A known location to eat and enjoy fellowship. It has central heat and air plus all the required electric. There is a drive-thru window and plenty of tables (booths) inside. There are two restrooms. The property has all city utilities. The lighted post, for a sign, goes to the Buyer.
Parcel Numbers: 77-02-02-223-095.000-004
Terms: The Successful Bidder will deposit 10% of the contract purchase price (minimum $1,000, except for exempt entities) at the Auction in the form of cash, cashier’s check, approved personal check or company check with bank letter of guarantee (no bank drafts). The Buyers 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 Buyers 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 Buyers 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 on day of sale or during the sale take precedence over any oral or written heretofore.
Buyers Premium: The Buyer's will pay 6% Buyer’s Premium which will be added to the bid price to arrive at the contract price.
Possession: At closing and not before.
Survey: Buyer will pay for survey, if one is needed.
AGENCY: Johnny Swalls Auction, Inc. and it's Representatives are Excluve Agents of the Seller.
AUCTIONEER/BROKER: Col. Johnny Swalls, CAI, GPPA, CAGA, CREA, AU1026257, RB14033902, AC30700074.
989 Real Estate Parcels Sold of the last 1,006 Listed!!
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