COURT ORDERED RECEIVERSHIP
REAL ESTATE AUCTION
Tuesday, July 7th @ 11:30am
(Pre-Inspection: Thursday, July 2nd from 12:00pm to 1:00pm)
sells on-site at:
1715 & 1725 W. High St., Piqua, Ohio 45356
By Order of: Miami County Common Pleas Court
Civil Division Case No. 13-167
Fifth Third Bank v. Tipp City Properties, LLC, et al.,
Tax Appraised @ $306k+
2 Tracts offered Separately and Together
AGGREGATE MINIMUM BID ONLY $50,000
Tract 1: 8,656 SF Concrete Block, Brick & Steel Frame Office Building with Flat, Rubber Membrane Roof. Numerous offices, Conference Room, Storage and large open room with up to 10' ceilings. Situated on 1.715 Acres. Miami County PID: N44-100300
Tract 2: 2,608 SF Wood Frame Storage Building. Pitched, Shingled Roof . 10 to 16 foot ceiling height with Loft type space open to roof deck. 8x10 Overhead Door, 10x14 Overhead Door. Situated on 1.175 Acres. Miami County PID: N44-100500
Total Parking Capacity: 40-Vehicles
Tim Lile, CAI - Auctioneer
Peter B. Hoshor - Receiver
Gammell, Ross & Hoshor, LLC
Lot Size: 8,656 SF Office Building on 1.715+/- Acres & 2,608 SF Storage/warehouse building on 1.175+/- Acres.
Annual Taxes: $ 7,556.22
LEAD AUCTIONEERTim Lile
Sells As-Is subject to aggregate minimum bid of $50,000 with no contingencies for financing or inspection. 10% buyer's premium in effect. NO tax proration - Plaintiff will pay delinquent taxes only. buyer will be responsible for all current and future taxes. Buyer pays all closing costs. Receiver's Deed at closing with no liens or encumbrances.
Deposit and Closing:
Successful bidder(s) will be required to deposit 10% of the final contract price by cash or check with proper ID PAYABLE to M & M Title Company which will be your non-refundable deposit if you are the successful bidder. Close within 20 days of Court Confirmation.
Realtor Participation: 2% Commission available to Ohio Licensee representing a successful bidder who closes on transaction. To collect a commission, Realtor's must: 1) Register your bidder no less than 24 hours prior to auction; 2) Accompany your client to the scheduled Inspection; 3) Accompany your client to the auction; 4) Guide buyer to closing. NOTE: If bidding online, you must register your client prior to their registering online.