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105+-/ACRES OFFERED IN 7 TRACTS IN BLACKFORD COUNTY INDIANA
Tue, Dec 3, 6:00 PM
1605 W Water St Hartford City IN 47348-Blackford County Indiana

Owner: Blackford Golf Club (Lort Services, Inc.)

SOLD FOR $725,000

• CURRENTLY A GOLF COURSE • PERSONAL PROPERTY AVAILABLE • POTENTIAL FARMLAND • RECREATIONAL LAND • DEVELOPMENT POTENTIAL

OPEN HOUSE/INSPECTION DATES
Saturday November 16, 2024 from 10am-12pm
Tuesday November 19, 2024 from 3-5pm
Meet a Schrader Rep at Tract 1.

PROPERTY LOCATION
1605 W Water St Hartford City IN 47348

AUCTION LOCATION
BLACKFORD COUNTY FAIRGROUNDS
310 E Park Ave Hartford City IN 47348

PROPERTY DESCRIPTION
105+/-Acres of Land Offered in 7 Tracts

TRACT DESCRIPTIONS
Tract 1: 2± ac included is the clubhouse, restaurant and bar.
Tract 2: 20± ac with road frontage on Water St & CR 100W. Has development potential.
Tract 3: 20± ac with road frontage on CR 100W. Has development potential.
Tract 4: 20± ac with road frontage on CR 100W. Has development potential.
Tract 5: 15± ac with access from Lakeview Dr. Recreational land, pond, and development potential.
Tract 6: 17± ac with access from Lakeview Dr. Recreational land, pond and development potential.
Tract 7: 11± ac Partly tillable and pond. Included is the maintenance building. Must be combined with another tract or neighboring property.

PROCEDURE: The property will be offered in 7 individual tracts, any combination of tracts and as a total 105+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. The auction will be offered in individual tracts, combinations of tracts and as a whole.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cashier's 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: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers' acceptance or rejection.

BROKER PARTICIPATION: Any broker actively licensed in the State of Indiana who properly registers the successful high bidder can earn a Buyer Broker Fee at settlement by the Seller. Broker must follow Schrader Guidelines and register on a Schrader Real Estate & Auction Co., Inc. Buyer Broker form available at www.schraderauction.com or by calling 1-800-451-2709.

EVIDENCE OF TITLE: Seller shall provide an owner's title insurance policy in the amount of the purchase price.

DEED: Seller shall provide Warranty Deed(s).

CLOSING: The targeted closing date will be approximately 30 days after the auction.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidder's safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Seller's option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

AGENCY: Schrader Real Estate & Auction Company, 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 an "AS IS, WHERE IS" basis, and no warranty or representation, either expressed 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 conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and 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 person's 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.