Business Liquidation of Real Estate & Inventory
$100,000 IS THE OPENING BID FOR THE BUILDING IN A LIVE AUCTION LIVE AUCTION....U NAME IT ANTIQUE STORE + INVENTORY & PRE-OWNED CAR LOT Saturday, September 18 at 11am - 2011 N. Center St. in Bonham TX REAL PROPERTY: Prime Commercial Real Estate on N. Center Street divided in 2 Parcels. As a Prospective Buyer, you will have the opportunity to purchase Either Tract or Both. Road Frontage and Entrances with paved parking to both the Antique Store and Car Lot. The all metal, clear span Antique Store Building was built in 2017. In addition to the Car Lot Office/Shop, there are two other buildings for storage and/or rentals. Easy access to Hwy 82, less than 30 minutes to Sherman and an hour to Dallas or north to Durant and Choctaw Casino. LIVE AUCTION: The 2 Parcels will be offered for sale in a live, audible Auction, conducted by a licensed Auctioneer on SATURDAY, SEPTEMBER 18TH at 11:00AM CDT. The Auction will be conducted on-site, at 2011 N. Center Street in Bonham. On-site registration will begin at 9:00am on the day of the Auction. The 2 Parcels will sell AS IS. It is the sole responsibility of potential Buyers to inspect and research the properties prior to the Auction. REAL ESTATE TERMS: A 10% Buyer's Premium will be added to the high bid attained at Auction to constitute the Total Contract Price. The Non-Refundable 10% Buyer's Premium will be paid the day of the Auction when the Contract is executed by cash, cashier's check or a personal/business check will be accepted if accompanied by a Bank Letter of Guarantee. The balance will be due at Closing, on or before, Friday, November 5, 2021 at 5:00pm CST. Buyer is responsible to attain his or her own financing prior to closing. PERSONAL PROPERTY: Personal Property will sell in a LIVE AUCTION that will begin at 12:00 Noon. Personal Property will sell AS IS and can be viewed beginning at 9am the day of the Auction, not before that date...NO EXCEPTIONS. The Personal Property WILL NOT be pre-priced or offered for sale prior to the day of the Auction. Online Bidding WILL NOT be available for the Personal Property PERSONAL PROPERTY TERMS: All purchases must be PAID IN FULL on the day of the Auction. Cash, Cashier's Check or Money Order accepted. Personal or Business Checks are ONLY accepted when accompanied by a Bank Letter of Guarantee, NO exceptions. NO CREDIT OR DEBIT CARDS!!! 10% Buyer's Premium will apply. ONLINE BIDDING: If you are unable to attend the live auction held...you can participate in real-time online bidding that will be available through PROXIBID beginning at 10:30am CDT on the day of the auction. Pre-registration with PROXIBID is required. AGENT INCENTIVE: Real Estate Agents are eligible to receive a 2% commission. Bring your Buyer and co-register the day of the auction. The Real Estate Agent of the successful Buyer will receive a 2% commission of the auction strike price to be paid the day of Closing. Real Estate Agents participating as a Principal to the transaction or are an Immediate Family Member of the Buyer are ineligible for the Agent Incentive. OPENING BIDS: $100,000 for the U Name It Antique Store and $50,000 for the Baccus Pre-Owned Car Lot REAL ESTATE PREVIEW: This property my be viewed by appointment only. Call to schedule an appointment.
;
;
;
;
;
;
;
;