Name Economic Restaurant
Auctioneer Stroh's Real Estate & Auction, LLC
Type Internet Absentee Bidding
Date(s) 3/5/2017 - 3/9/2017
Absentee bids may be placed from March 5th until March 9th at 4pm CST Onsite, live bidding begins March 9th at 6pm CST
Preview Date/Time By Appointment with Auctioneer
Checkout Date/Time To be arranged with Title Company
Location 722 East Main
Lyons, KS 67554
Buyer Premium There is no Buyer's Premium
Description
Complete well equipped restaurant - Booths, Tables, Triple sink, Hand washing sink, Commercial grill plus stove and hood, Walk-in Cooler, Bathrooms, Good Heating and Air Condition - Lots of Potential. Also included 870 sq ft dwelling located behind the restaurant that needs remodeling
LEGAL: East 45’ of Lot 4 in Block 3 of Purdyville in Lyons, Kansas DESCRIPTION: Complete well equipped restaurant-Booths, Tables, Triple Sink, Hand Washing Sink, Commercial Grill plus Stove and Hood, Walk-in Cooler, Bathrooms, Good Heating and Air Conditioning. Lots of potential. Property also includes 870 sq ft dwelling, located behind the restaurant-Needs remodeling Call Jim to view Sells Complete-1 bid and sells subject to owner’s confirmation TERMS: $10,000.00 down day of sale with balance due at closing in certified funds. Down payment must be sent via wire transfer to be escrowed at Security 1st Title-Lyons, Ks within 24 hours of acceptance of winning bid. Closing on or before May 1, 2017 unless additional time is needed to perfect title. Downpayment is non-refundable and closing is not contingent upon Buyer obtaining financing. TAXES: Seller pays 2016 and all prior year taxes. 2017 taxes prorated to date of closing. 2016 taxes $1155.62 Title Insurance and escrow cost split 50/50 between Seller and Buyer POSSESSION: On Closing & delivery of marketable title INSPECTIONS: All inspections are responsibility of Buyer and must be completed before sale day. Buyer waves 10 day lead paint inspection. . All agents of Stroh’s Real Estate and Auctions LLC are agents for the Seller
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 10,000.00 1,000.00 USD
10,000.01 - 25,000.00 500.00 USD
25,000.01 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium There is no Buyer's Premium
Payment Terms
$10,000 down day of sale with balance due at closing in certified funds. Downpayment is non-refundable and closing is not contingent upon Buyer obtaining financing.
Real Estate, possession upon closing.