ABSOLUTE AUCTION
LOCATED IN MEADE COUNTY IN BRANDENBURG KY at 400 Library Place. The former Meade County Public Library location.
BARR REALTY AND AUCTION CO., INC. has been selected by the Meade County Library Board to sell this property to the highest bidder REGARDLESS OF PRICE!
ORDER OF AUCTION: Online bidding will begin on October 4th, and end at 5:00 PM EDT on October 27th. The office equipment and shelving will sell immediately following the real estate.
TWO COMMERCIAL BUILDINGS
3.5 ACRES BRANDENBURG, KY
ONLINE BIDDING ONLY
Bidding Ends 5:00 PM EDT Thurs. Oct. 27th
Main Building:
The main building consists of approximately 4600 square feet with a partial basement that has a finished area, two exit doors, sink, storage closets, and cargo elevator. The ground floor has large open areas, offices, receptionist area, two restrooms, several storage rooms, and a large amount of electric lighting. There is over 200 linear feet of wall mounted shelving that will remain with the building. The building is heated by gas and has 3 updated central air conditioning units.
Annex Building:
The annex building is connected to the main building by a breezeway. It has 1800 square feet with a large open room, bathroom, storage rooms, gas heat and two central air units.
Both buildings are situated on 3.5 acres with a large paved parking area, two entrance/exit drives, handicap accessibility, yard area with shade trees and a large amount of paved frontage on Library Place and Hill Street.
It adjoins the Brandenburg City owned steps which lead to Main Street.
This property has a multitude of possibilities including: professional office space, daycare, reception hall, and retail space to just name a few.
AUCTIONEER’S NOTE: Most people know how full the Farm Bureau Building schedule stays. These buildings would make nice banquet halls.
ONLINE BIDDING: The real estate will be sold online. Feel free to bid from your home, office, or smart phone. However, there will be a bid center on site at the real estate location for any bidders who need assistance with bidding.
OFFICE EQUIPMENT & SHELVING
The personal property will be sold live on site at 6:00 PM or after the real estate is sold (which ever is later).
Storage cabinets, desks, chairs, several two door metal cabinets, various sizes and types of tables, upright vacuum, 250 linear feet of double shelving in various lengths, computer tables and cabinets, book racks, shelving, microwave oven, coffee maker, microfilm scanner & projectors, office chairs, library tables, portable carts, chairs of all types, exit only sign, wooden and metal book shelves, large wall mounted map of Brandenburg, electric clock, dorm size refrigerator, 5 drawer file cabinet, dehumidifier, park benches, bicycle rack, 52’’ RCA TV, DVD player, childs round table, 25 childs stack chairs, 60 metal folding chairs, two chair carts, projector screen, large tote of yarn, cigarette receptacle, folding table, lots of shelving and storage cabinets.
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A Buyer’s Premium of 10% is added to the high bid. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Barr Realty & Auction Co., Inc within Twenty Four (24) hours. Successful Bidders will deposit $10,000.00 in the form of a cashier’s check or wire transfer with Barr Realty & Auction Co., Inc within Twenty Four (24) hours of the completion of the auction. The entirety of the remaining balance is due at closing on or before Thirty Days (30) from Auction Day. Purchaser will be responsible for all wire transfers. <br>
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Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing. Any closing fees charged by the buyer(s) lender or closing attorney will be a buyer(s) expense.<br>
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Successful Bidders not executing and returning their Contract with Earnest Money deposit within Twenty Four (24) hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made, and could be additionally liable for any and all costs incurred by Seller and Barr Realty & Auction Co., Inc incurred in a subsequent resale of the property. <br>
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Buyer(s) must be prepared to make a cash offer. There are no contingencies to this sale (i.e. financing, appraisal, repairs, or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash “as-is, where-is” with a closing deadline.<br>
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Barr Realty & Auction Co., Inc reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Barr Realty & Auction Co., Inc will reject the registration, and bidding activity will be terminated. <br>
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Buyer acknowledges they are buying property “as-is, where-is”, without inspections or contingencies, Buyer(s) will rely on his/her own judgment and inspection. <br>
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Barr Realty & Auction Co., Inc and their representatives are Exclusive Agents of the Seller(s).<br>
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Real Estate is sold subject to any and all existing matters of record, and all easements, building use or zoning laws and regulations. Taxes and assessments will be pro-rated to the closing date. <br>
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All Barr Realty & Auction Co., Inc Online Only Real Estate Auctions are timed events that have an auto-extend feature. Any bid placed within 10 minutes of the auction ending will automatically extend the auction for 10 minutes from the time the bid is placed. Example: If an auction scheduled to end at 6:00 pm receives a bid at 5:59 pm, the close time of the auction automatically extends to 6:09 pm. The auto-extend feature remains active until no further bids are received within the 10 minute time frame. <br>
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IMPORTANT NOTICE:Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account.<br>
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>
Auction company employees and/or auction company may bid on auction items.<br>
We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence. All property sold “as is where is” condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed to be reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make an inspection prior to the auction. All announcements from auctioneer day of auction take precedence over any printed material or any oral statements made. Not responsible for accidents. PROPERTY TAXES: The property is tax exempt for 2011.