COMMERCIAL REAL ESTATE AUCTION IN ALLEN COUNTY, INDIANA
Real Estate Tue, Apr 18, 2:00 PM
Personal Property at 4:00 PM
2604 E. Washington Blvd., Fort Wayne, Indiana - Allen County, Indiana
Owner: Fort Wayne Foreign Car, Mr. Keith Passwater
• REAL ESTATE @ 2PM & TOOLS & EQUIPMENT @ 4PM • Foreign Auto Mechanics Tools & Equipment • Shop Equipment • Car Lifts • Vintage Signs • Tools • Snap On • Mac
OPEN HOUSE/INSPECTION DATES
Call Office to Preview the Real Estate.
Equipment & Personal Property Preview on day of sale from 9am till sale time
PROPERTY DESCRIPTION
5266 Sq. Ft. Automotive Shop with 3 bathrooms and 16 ft. x 60 ft. mezzanine. There are (2) overhead doors, 10 ft. x 14 ft. & 10 ft. x 10 ft.. The mezzanine area has a full bath, 10 ft.x 16 ft. office-breakroom, 16 ft. x 35 ft. parts crib. There is a 10 ft. x 15 ft. office, 10 ft. x 15 ft. lobby-reception area and a large parts department. The main building was built in 1974 and the addition in 1989. The rear part of the building has a new roof as well as new metal ceiling. There is also a small compressor shed attached to the front of the building.
The lot has (2) enclosed bull pens, asphalt parking area, and has a revenue producing billboard. Additional 1.5+/- acre adjoining parcel available. Call Office for details!
PERSONAL PROPERTY
PROCEDURE: The property will be offered at public oral auction.
DOWN PAYMENT: 10% of Bid Price down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: The successful bidder will be required to enter into a purchase agreement at the auction site immediately following the close of the auction.
The final bid is subject to the approval of the Seller.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide a Warranty Deed.
CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession day of closing, immediately following the closing.
REAL ESTATE TAXES: Real Estate Taxes will be pro-rated to the day of closing.
SURVEY: A new perimeter survey will be completed only if necessary for Title Commitment. The seller shall determine any need for a new survey and shall order survey. The cost of the new survey, if necessary, shall be split 50/50 between Buyer and Seller.
AGENCY: Schrader Real Estate & Auction Co. of Fort Wayne, LLC., Inc. and its representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, and no warranty or representation, either express, or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.