146-ACRE ABSOLUTE LAND AUCTION

Description

ABSOLUTE LAND AUCTION

146 Acres ♦ 1 Tract

Thursday ♦ October 27, 2011 ♦ 4:00 PM

Property Location:  4590 Pinnacle Rd (at Soldiers Home Rd), West Carrollton, OH.  From US Rt 35 on west side of Dayton, take S. Gettysburg Ave south 3 miles to west on Pinnacle. 

Auction Location:  The Mandalay Banquet Center, 2700 E. River Rd, Dayton, OH.  From I-75 south of Dayton, take Exit 51 west onto S. Edwin C. Moses Blvd.  Turn south onto Dryden Rd & then slight right (south) onto E. River Rd.

Put on your thinking caps . . .

Formerly used as a repository for non-toxic paper production waste, this property will sell at ABSOLUTE AUCTION with no reserves or required minimum bids.  Join us for the opportunity to bid on this unique and potential-laden property.

·      Well-located rolling land.

·      Significant frontage on 2 well-traveled roads.

·      Great Miami River frontage.

·      Potential for Commercial, Recreational, and other uses.

Visit us on the web or call for a complete Bidder Package.

REAL ESTATE SALE TERMS

Bidding Procedure:  The property will sell ABSOLUTELY to the highest bidder regardless of price—NO MINIMUMS OR RESERVES.

Acceptance of Bid Prices:  The successful bidder will sign a Confirmation of Sale Agreement at the auction site immediately following the close of bidding.

Buyer Premium:  A 10% premium will be added to the final bid price to form the final contract price.

Down Payment:  Lesser of $25,000 or 100% of purchase price as down payment will be deposited with the Auction Company on the date of auction upon signing of Confirmation of Sale Agreement; balance due at closing.  Bidding IS NOT CONDITIONAL UPON FINANCING.

Real Estate Taxes:  Taxes will be prorated to date of closing using short proration method.

Closing Date:  On or before November 30, 2011.  Purchaser will pay customary portion of closing costs at closing.

Possession:  Date of closing.

Agency:  Sheridan & Associates, Auctioneers, Real Estate Broker, Appraisers, LLC and its representatives are Exclusive Sales Agents for the Seller.

Environmental Compliance:  Seller has contracted with an environmental service company to ensure compliance with federal, state, and local environmental compliance regulations.  Seller has complied with all regulations to date.  Responsibility for future compliance will pass to Purchaser at closing.  Seller will cooperate with Purchaser in the transfer of all environmental compliance responsibility matters.

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 Confirmation of Sale Agreement.  Announcements made by the Auctioneer at the time of the Auction will take precedence over any previously printed or oral information.  The property is sold on an "AS IS, WHERE IS" basis, and no warranties or representations, either expressed or implied, concerning the property are made by the Seller or the Auction Company.  Each bidder is responsible for conducting his/her own independent inspections, investigations, inquiries, and due diligence concerning the property.  The information contained in this brochure is believed to be accurate, but is subject to verification by all parties relying on it.  Neither the Seller nor the Auction Company assumes liability for its accuracy, errors, or omissions.  Conduct at the auction and increments of bidding are at the direction and discretion of the Auctioneer.  The Seller and the Auction Company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, legal capacity, etc.  All decisions of the Auctioneer are final.

FRASER PAPERS LIMITED, Owner