More Information
Cincinnati (Roselawn), OH
ESTATE AUCTION
Hamilton County Probate case # 2017003096
This is a Court Ordered 2 stage auction. First is a Court Ordered CALL for sealed bids to be received until April 30 at 1:00PM (EST) followed by a court ordered live auction, restricted to bidders who submitted sealed bids. Bidding at the live auction will begin at the highest sealed bid amount.
SELLING 50% of the membership interest in Reading Investments LLC, subject to the terms of the Operating Agreement. Reading Investments is a Manager managed LLC and the existing manager will not change. Successful bidder will not have management rights. Reading Investments primary asset is a +/- 210,000sf, 12 floor office building located at 7162 Reading Rd., Cincinnati, OH 45237, which sits on a 4.841ac parcel of land.
Selling to the highest bidder at the conclusion of the live auction by court order!
To Qualify as the highest and best bidder you MUST prequalify and be pre-approved in writing by Central Bank & Trust Co. or you will be deemed ineligible to participate in the live auction. The pre-approval letter MUST be provided to the auctioneer prior to the live bidding on May 7, 2021. A copy of the Central Bank acceptable form is available by contacting Ellen Sharp 859.253.6235 or via email at esharp@centralbank.com.
Property Map
LEAD AUCTIONEER
Brent Semple
DIRECTIONS:
To Property for previews on Saturday April 17 & 24 (11AM-1PM each day)
Located at corner of Reading Rd and Losantiville Rd. and known as Midpoint 7162 Reading Rd.
To Live Auction Location on May 7 at 11:00AM
Near corner of Winton Rd and Compton Rd and known as ArtsConnect 9158 Winton Rd. Cincinnati, OH 45231
Basic Terms:
Selling a 50% member interest in Reading Investments LLC. Sells Regardless of Price to the Highest bidder with no minimums or reserves by court order. 10% down by business or personal check which will become your non refundable deposit. Close within 30 days AFTER court confirmation. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Buyer pays any closing costs.
To Qualify as the highest and best bidder you MUST prequalify and be pre-approved in writing by Central Bank & Trust Co. or you will be deemed ineligible to participate in the live auction. The pre-approval letter MUST be provided to the auctioneer prior to the live bidding on May 7, 2021. A copy of the Central Bank form is available by contacting Ellen Sharp 859.253.6235 or via email at esharp@centralbank.com.
Deposit and Closing:
Closing shall take place at:
The Honerlaw Firm LLC
Joseph S. Honerlaw, Esq. (Estate Attorney)
9227 Winton Rd.
Cincinnati, OH 45231.
Realtor Participation:
A 50% membership in an LLC is considered personal property - not real estate. No coop commission can be paid to Realtors on this auction.