ONLINE ONLY Auction
Bidding Ends on February 26th at 2:00 p.m.
Only minutes from Fort Knox. Click here for more information:
The owners have operated this motel for many years and are now ready to retire. They have commissioned our company to sell this property for the absolute high dollar with no minimum or reserve. The property will sell to the highest bidder regardless of the price.
This 19 unit suite motel sits just 1 mile from Ft. Knox and is the closest motel to the base. It has been completely renovated and updated making it an extremely attractive property as well as a great investment. The 19 apartment suites have a Swiss Chalet exterior design, which is both unique and appealing. It has 14- two bedroom, one bath apartments and 5 – one bedroom, one bath apartments… all of which have their own distinctive interior design and layout. This boutique styled motel is a gem that must be seen to be appreciated because of its many, one-of-a-kind, features. On the garden level there is a lounge, guest kitchen, and workout room and guest laundry area. In addition, there are large storage rooms, utility, maintenance and motel laundry areas.
EQUIPMENT: There will be some equipment and inventory that will sell with the motel as a group, not individually. Sales tax on these items will be charged to the buyer.
AUCTIONEER’S NOTE: With the expansion of Fort Knox this property offers unlimited potential in its strategic location. Highlights include:
High visibility Traffic Count
1 mile from Fort Knox
Restaurants, Wal-Mart Shopping & Movie Theatres are nearby
Radcliff and Elizabethtown have extensive shopping malls, a numerous variety of restaurants and entertainment.
2 miles from Otter Creek Park
6 miles from metro Louisville
I-65 short distance from motel
TERMS: 20% down within 48 hours of the close of the auction and the balance is due within 30 days.
PREVIEW DATES: The property will be available for preview on the following dates:
Friday, February 8th from 11:00 a.m. – 2:00 p.m.
Friday, February 15th from 11:00 a.m. – 2:00 p.m.
Friday, February 22nd from 11:00 a.m. – 2:00 p.m.
Tuesday, February 26th 11:00 a.m. – 2:00 p.m.
NOTE: There will be auction staff on-site at all previews to assist with the registration/bidding process.
NOTE: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sales price.
Announcements day of sale take precedence over printed matter.
For additional information, contact the selling agents.
Ford
Brothers Auctioneers & Barr Realty and Auction
Company
1-800-435-5454 1-270-422-2222
NOTE: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sale price. <br>
PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID. <br>
AUCTION END TIME: February 26th @ approximately 2:00 p.m. EST<br>
Ford Brothers, Inc. Real Estate Online Auctions are timed events and all bidding will close at specified time. Ford Brothers, Inc. Real Estate Online Auctions also have an auto extend feature. Any bid placed in the final 5 minutes of an auction, the auction ending will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:05.The auto extend feature remains active until no further bids are received within a 5 minute time frame. <br>
REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING. <br>
SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Ford Brothers, Inc. <br>
TERMS: 20% down, as a non-refundable earnest money, in the form of a certified check, cash or wire transfer within 48 hours of the close of auction. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing to be within 30 days of close of bidding. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate. <br>
GOOD INSURABLE DEED AT CLOSING. <br>
BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000. <br>
AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and 20% earnest money deposit, the winning bidder will be charged a penalty fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by Ford Brothers, Inc. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ford Brothers, Inc. reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale. <br>
Any dispute between Ford Brothers, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Meade County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.<br>
Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Ford Brothers, Inc. will e-mail documents to be executed and said documents should be faxed or e-mailed back to Ford Brothers, Inc. within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 48 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Ford Brothers, Inc.'s Agents, Representatives or Employees may bid.<br>
Title: As specified in the Contract for Sale of Real Estate <br>
Deed: As specified in the Contract for Sale of Real Estate. The sellers issued a Special Warranty Deed. <br>
Possession: As specified in the Contract for Sale of Real Estate<br>
Real Estate Taxes and Closing Cost: All taxes will be prorated to day of closing using the most current available year’s tax amount. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan.<br>
Easements: Subject to any and all easements of record. <br>
Zoning: This property is subject to all state and local zoning ordinances.<br>
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Ford Brothers, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Ford Brothers, Inc. reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.<br>
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Agency: Ford Brothers, Auctioneers, Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, Auctioneers and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.<br>
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NEW DATA, CORRECTIONS, and CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Ford Brothers, Auctioneers, Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Ford Brothers, Auctioneers, Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Ford Brothers, Inc. are final. Any dispute between Ford Brothers, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Pulaski County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.<br>
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Any prospective buyer has 10 days prior to auction to complete any inspections. Property information believed to be accurate but not guaranteed. Buyer should independently verify all information prior to bidding. Information contained herein derived from 3rd party sources such as tax cards, MLS listings, etc. No liability for its accuracy, errors or omissions is assumed by the Sellers or the auction company. The property is being sold on an 'AS-IS, WHERE IS' basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Ford Brothers Inc.<br>
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Auctioneer/Broker/Seller Disclaimer: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The property is selling in its ‘as-is’ condition with no warranties expressed or implied. <br>
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For additional information, contact Ford Brothers, Auctioneers at 1-800-435-5454. Ford Brothers, Auctioneers are working in conjunction with Barr Realty & Auction Company, Inc. Brandenburg branch 270-422-2222