ABSOLUTE
LENDER OWNED
AUCTION
THURSDAY
OCT 4th 6:00 PM EDT
LOCATED IN MEADE COUNTY AT BRANDENBURG KY in downtown Brandenburg at 155 Main Street.
BARR REALTY AND AUCTION CO., INC. has been selected by Heritage Properties, LLC to sell this lender owned property to the highest bidder REGARDLESS OF PRICE!
ORDER OF AUCTION: Online bidding will end at 6:00 PM EDT.
Commercial Building
Includes Restaurant Equipment
Ohio River View
ONLINE BIDDING ONLY
Bidding Ends 6:00 PM EDT Thurs. Oct. 4th
THIS PROPERTY WILL BE SOLD BY ONLINE BIDDING ONLY: A bid center will be available to help bidders who do not have high speed internet available. Call Brent Fentress at 270-422-2222 if you have any questions about registering or bidding at this Absolute Auction.
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 located at the Barr Realty and Auction office located at 879 Hillcrest Drive in Brandenburg for any bidders who need assistance or who do not have high speed internet access. Preshowing will be held Thursday September 27th from 4PM to 6PM or by appointment with Brent Fentress (agent) at 270-980-0608. The property will also be open the day of the auction from 4PM to 6PM.
Selling will be: a 3800 square foot commercial building located on Main Street in downtown Brandenburg, KY. The building was last used as a restaurant. The interior has a bar area with seating for 8 stools, two open dining areas, a banquet room, a game room area, two walk-in coolers, a walk-in freezer, kitchen, office, 2 public restrooms, and 1 private restroom. There is approximately 900 square feet of outside covered porch area also available for dining. The porch area has a great river view.
The building is situated on 0.414 acres with two paved parking areas. It has a gas furnace, central air, and window air units. The kitchen has a 16ft fire suppression hood, (3) stainless steel gas deep fryers, 6 burner gas stove w/ griddle, 3 tub sink w/ drain trays, 2 stainless prep tables, double glass door warmer, Berkel meat slicer, microwave oven, and some cabinets. Equipment in the bar area includes: 3 door top slide cooler, Turbo Air 2 door bar style cooler, 3 tub bar sink w/ drain tray, 3 beer taps, and 8 bar stools. Other equipment that sells with the property will include:
8 booth tables, 20 tables, 55 chairs, 4 bar stools, Various beer signs, Two small desks, Manitowoc ice machine, 4 padded bench seats, 2 televisions, 4 childrens high chairs, Outdoor lighted Sign
This building was last used as a restaurant. It could easily be used for many other types of businesses. This property adjoins the steps that lead to Washington Street.
Terms and Conditions of Online Only Real Estate Auction:
This online only auction is a cash sale not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Agreement to Purchase Real Estate.
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 $5,000.00 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 November 2nd. Purchaser will be responsible for all wire transfers.
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 bank or closing attorney will be a buyers expense.
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.
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.
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.
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.
Barr Realty & Auction Co., Inc and their representatives are Exclusive Agents of the Seller(s).
Real Estate is sold subject to any and all existing matters of record, and all easements, building use or zoning laws and regulations.
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.
IMPORTANT NOTICE: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.
Auction company employees and/or auction company may bid on auction items.
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: Paid by the seller 2012.
ALL EQUIPMENT (PERSONAL PROPERTY) THAT SELLS WITH THE REAL ESTATE IS SOLD IN AS IS-WHERE IS CONDITION. NO WARRANTY OF ANY KIND IS MADE BY THE SELLERS, AUCTIONEERS OR BROKER.
Heritage Properties LLC Owner
<br>
This online only auction is a cash sale not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Agreement to Purchase Real Estate. <br>
<br>
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 $5,000.00 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 November 2nd. Purchaser will be responsible for all wire transfers. <br>
<br>
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 bank or closing attorney will be a buyers expense.<br>
<br>
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>
<br>
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>
<br>
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>
<br>
<br>
<br>
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>
<br>
Barr Realty & Auction Co., Inc and their representatives are Exclusive Agents of the Seller(s).<br>
<br>
Real Estate is sold subject to any and all existing matters of record, and all easements, building use or zoning laws and regulations. <br>
<br>
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>
<br>
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: Paid by the seller 2012.<br>
ALL EQUIPMENT (PERSONAL PROPERTY) THAT SELLS WITH THE REAL ESTATE IS SOLD IN AS IS-WHERE IS CONDITION. NO WARRANTY OF ANY KIND IS MADE BY THE SELLERS, AUCTIONEERS OR BROKER. <br>
<br>
<br>
<br>
Heritage Properties LLC Owner