Absolute Auction-Commercial

TERMS & CONDITIONS: Each purchaser or winning bidder shall make a down payment at the conclusion of the auction of 15% of the purchase price in the form of cash, certified check, cashier's check, or good personal check secured by purchaser's personal demand note payable to the Auctioneer.  Balance to be paid for a general warranty deed and insurable title on or before 30 days. Internet bidders will pay a convenience fee of $525.00 per property they purchase in addition to the contract selling price for the real estate. Internet Buyer's premium will be 10.75% for the asset they are buying, and on site bidders pay a 10% Buyer's premium of the real estate.  For Bidding approval Internet bidders must make an advanced deposit of $5000.00 in Auctioneer's Escrow account to receive bidding permission approval. When they are the successful bidder balance if any due of the 15% downpayment shall be wired before close of business on Wednesday, August 19, 2009 to Auctioneer's Escrow account.

ATTENTION BROKERS:  Broker participation is invited.  Call Auctioneers for details and required registration forms.  Registration deadline is 4:00 PM Monday preceding auctions.

BUYER'S PREMIUM:  A 10% Buyer's Premium will be added to the winning bid to determine the contract selling price for property for on-site buyers.
 
AUCTION LOCATIONS:  Both On-Site. Property #1 - 330 East Oak, Louisville, KY 40203. Auction to start promptly at 12:30 pm Tuesday, August 18, 2009.  Property #2 - 8700 Dixie Hwy, Louisville, KY 40258 in Park Place Mall. Auction will start promptly at 2:30 pm.

TRADES AND LEASE OFFERS:   Auctioneers will consider trades of other real estate equities as a portion of your purchase price, provided these are cleared with them well in advance of the auction. Lease offers for all or portions of each property are invited prior to auction.

PRIOR SALE:  All properties are subject to prior sale.

AUCTION DIRECTIONS: 330 E. Oak go just east of Floyd and west of Preston.