ABSOLUTE AUCTION * COMMERCIAL PROPERTY WITH 2 MASONRY BLOCK BUILDINGS West Paducah, KY

ABSOLUTE AUCTION

THE LATE WILLIAM BENNETT ESTATE

COMMERCIAL PROPERTY WITH 2 MASONRY BLOCK BUILDINGS

ATTENTION INVESTORS AND ENTREPRENUERS

• AUCTIONEERS’ NOTE: RECENT $10,000.00 IMPROVEMENT TO SEPTIC SYSTEM
• COMMERCIALLY ZONED
• +/-2,331 SQ FT BLOCK BUILDING WITH RECENT IMPROVEMENTS

WHEN: Sat. Nov. 22nd @ 10 a.m.

WHERE: 5640 Metropolis Lake Rd. West Paducah

Auction held on site rain or shine

Showings by appointment only

DIRECTIONS: From Hwy 60 in West Paducah & KY Hwy 996 Metropolis Lake Rd. intersection take KY Hwy 996 Metropolis Lake Rd. north 3 miles arriving at property on right. Signs posted.

REAL ESTATE: Grounds: +/- 0.7 acres with a circle drive in front, public water and a newly installed $10,000.00 sanitary septic system. Building 1: This masonry concrete block building was currently under interior renovation but was never completed. The building contains a show room, some electrical upgrades, office space and storage space, concrete floors, OSB on ceilings, central heat, and a flat roof with a rubber membrane application. A few finishing touches are needed to be ready for business. Front room is +/- 25’x +/- 29’ with +/- 25’ counter space. 2nd room: +/- 14’x +/- 21’ one wall has studs & the other 3 are concrete block. Furnace room: +/- 5’x +/-16’. Storage room 1: +/- 5’x +/- 7’. Office: +/- 7’x +/- 14’. This building contains two 100 amp services. Storage room 2: +/- 21’x +/- 38’ post construction with OSB board on walls & ceiling and a 100 amp service. The outside walls are covered with low maintenance metal. There are 2~ 7’x 9’ overhead doors on each end of the building for drive through access. There are 2 picture windows in the front of the building combined with a commercial door enterance. This building has been hard piped for compressed air access & is heated by a Coronaire furnace. Building 2: +/- 15’x +/- 30’ concrete block constructed garage with concrete floor, 3 tab asphalt shingle roof, & 7’x 10’ barn style doors. There is also a +/- 12’x +/- 24’ wood post carport with shingle roof that is adjacent to building 1.

PERSONAL PROPERTY:

CARPORTS: 2~ +/- 20’x +/- 21’ metal carports

TERMS OF AUCTION:

REAL ESTATE: 20% good faith deposit due day of sale. Balance due in 30 days. 10% buyer premium added to final bid and included in the total contract price. Bank letter of credit required if unknown by Auction Co. Bidders are responsible for their own inspections and verifications either before or during day of auction. Announcements day of auction will take precedence over any previous marketing, either written or oral.

PERSONAL PROPERTY: Cash or check day of sale with proper ID required. 10% buyer premium added to final bid. Kentucky sales tax will apply as required unless tax exempt.

PROCEDURE: Initial procedure determined by auctioneer.

TITLE: Fee Simple Absolute title delivered.

DEED: Seller will provide a General Warranty Deed.

PURCHASE AGREEMENT: Successful bidder/s will enter into a purchase agreement contract immediately upon conclusion of the auction.

POSSESSION: Possession given at closing.

RESTRICTIONS: Any recorded restrictions (if any) and zoning regulations apply.

EAESMENTS: Sale of property is subject to any and all easements of record.

ABSENCE OF WARRANTIES & DISCLAIMER: All information contained herein 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. Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. There is no liability for its accuracy. Errors and/or omissions are assumed by the seller or the Auction Company. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding 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 STATEMENTSMADE. AUCTION COMPANY OR OWNER IS NOT RESPONSIBLE FOR ACCIDENTS.

AUCTIONEERS NOTE: Auction held on site, rain or shine.