MIRROR HOTEL AUCTION - IN CONJUNCTION WITH THE FALL EQUIPMENT CONSIGNMENT AUCTION
Montgomery Auction Services Ltd.
Friday, October 24, 2008 @ 1:00PM
Montgomery Auctions Sales Center
1 Mile North of Blackfalds, Ab. on Hwy 2A, 2 Miles East on Lakeside Sargent Rd.
UNRESERVED PUBLIC COMMERCIAL PROPERTY AUCTION
Friday, October 24 @ 1 PM Sharp
Sale Site: MONTGOMERY AUCTION SALES CENTER
4 Miles South of Lacombe on Hwy 2a, 2 Miles East on Lakeside Sargent Rd.
Selling (1) titled property:
Lots1-3, 41,42, Block 9, Plan 7159AI
16,140 Sq. Ft +/- Lot including 7,338 Sq. Ft
Building & Improvements
Zoning C- Commercial Development
Public “Open House” dates: Oct 14th & Oct 21st 10 AM – Noon
Includes Older 3 Storey Hotel, w/all restaurant and bar equipment, & 512 Sq ft garage.
TERMS OF THE “UNRESERVED LAND AUCTION”
Mirror Hotel Property - Civic Address: 5319 – 50th Ave, Mirror, Alberta
Lots1-3 Block 9, Plan 7159 AI: each lot being 26 ft x 140 +/-
& Lots 41- 42, Block 9, Plan 7159 AI: each lot being 25 ft x 125 +/-
Hotel building size: Gr. Flr – 3310 sq ft; 2nd Flr – 2014 sq ft: 3rd Flr – 2014 sq ft
This event is a court ordered “UNRESERVED LAND AUCTION”. The Property will sell to the highest bidder regardless of price. The sale is not subject to any reserve bid or minimum price.
RE/MAX real estate central Alberta is the Brokerage in charge of the real estate transaction & Montgomery Auction Services Ltd. is the appointed Auctioneer.
Offer to Purchase and sale agreement; Immediately following the land auction the successful Buyer will meet with the Associate, Kenneth A Poffenroth from the Brokerage and execute an Agreement of Purchase and Sale, in the form provided by the Auctioneer, without modification, immediately after being declared the high bidder.
The Buyer will submit a NON-REFUNDABLE Deposit cheque payable to the Brokerage in the amount of $ 10,000.00 in conjunction with executing the offer to purchase and sale agreement. The deposit will be placed in trust held pending the completion date. The balance of the Purchase Price shall be paid on or before completion date.
Completion date and closing of the real estate transaction will be November 15, 2008 or such earlier date as the parties may agree upon.
The Buyer will obtain vacant possession of the property on Completion date.
Property taxes will be adjusted on completion date based on the calendar year.
The real estate transaction will not be subject to any Buyer’s conditions precedent. All Buyer’s due diligence, including any legal assistance or advice, must be completed prior to sale date including the Buyers ability to obtain financing.
The Buyer shall accept the Property in an AS-IS condition as of the completion date and the Buyer specifically agrees that neither the Seller, Brokerage nor the Auctioneer make any representations or warranties of any kind whatsoever, expressed or implied, to the Purchaser as to the condition or fitness of the Property, environmental or otherwise, or to any improvements situated on the property. All descriptions, measurements and acreage provided by the Seller, Brokerage and/or Auctioneer are to be used as a guide only. The Buyer must be fully satisfied with all aspects of the Property prior to engaging in the bidding process.
The offer to purchase and sale agreement is subject to all applicable taxes, including GST.
The sale of the property includes all buildings and permanent fixtures: ancillary building approx. 512 +/- sq ft.
The Buyer will enter into a “customer status” agreement for the purpose of transacting this sale.
More property details from Montgomery Auction Services Ltd.
Don Montgomery, ICCA Auctioneer 403-885-5149
In Conjunction with RE/MAX real estate central alberta 403-782-4301
Brokerage Listing Assoc. Ken Poffenroth A.L.C. (Accredited Land Consultant)