More Information
Commercial Real Estate Real Estate to include 3.72 acres with 30,000 sq. ft. building including banquet hall, restaurant bar, amphitheater and parking lot. Banquet hall can seat up to 900 guests at one event, or be divided into five separate room to accommodate parties from 25 guests to 400 guests. Note: ALL BIDDER's must send a letter of credit before bidding.
1. Real Estate sale subject to and contingent upon owner acceptance and confirmation.
2. Real Estate sale requires non-refundable down payment of $75,000 or 10% of winning bid, whichever is greater, from winning bidder due within 48 hours from close of online auction.
3. Real Estate closing to be held within 30 days from end of online auction.
4. Personal Property sale subject to owner's acceptance and confirmation. The sale of the personal property is contingent upon the sale of the real estate.
5. Personal Property sale requires non-refundable down payment of $10,000 from winning bidder due within 48 hours from close of online auction.
6. Personal property closing to be held within 14 days of end of online auction. If winning bidder for personal property is also purchaser of real estate, closing will be extended to 30 days from end of online auction.
7. All personal property shall be removed from premises within 14 days of close of auction unless winning personal property bidder is also purchaser of the real estate.
8. 10% buyer's premium will be used to establish final price on both real estate and personal property.
9. Owner reserves the right to close or extend the online auction prior to the stated term, or to remove the property from the auction sale prior to the close of the online auction and/or owner's confirmation of sale.
Property Map
Basic Terms:
In order to bid you must bring a personal or business check made payable to "Ohio Real Estate Auctions" in the amount of $5,000 which will become your non refundable deposit if you are the high bidder. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. General warranty deed given at closing with no liens or back taxes.
Realtor Participation:
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.