Absolute Auction

519 E. Adair St. Smithland, KY


ABSOLUTE AUCTION

Saturday, April 7th · 10:07 AM

+2,500 Sq. Ft. Commercial/Residential

2 or 3 Bedrooms – 2 Baths – 2 Car Garage OR 

5 or 6 Offices or Retail Show Room –

1985 Corvette & More

LIVE ON-SITE AUCTION
Began: 04/07/18 at 10:07 AM CDT
Location: 519 E. Adair St., Smithland, KY

ABSOLUTE AUCTION

 

Saturday, April 7th · 10:07 AM

 

519 E. Adair St. Smithland, KY

 

 

+2,500 Sq. Ft. Commercial/Residential

2 or 3 Bedrooms – 2 Baths – 2 Car Garage – +.5 Ac. OR

5 or 6 Offices or Retail Show Room – Stock Room & Offices – Service Building – Body Shop and More

 

Situated on +.5 well located acres with +2,500 Sq. Ft. under roof, this highly versatile property is ideal as a primary home, home and business or primary business location. Its features as a home include +26×21.25 Ft. Living Room or open show room with large overhead door; +19×9 Ft. Office with porch entry; +23×9 Ft. Eat-in Kitchen with pretty cabinetry; +23×12.75 Ft. Master Bedroom with seated jacuzzi style medical tub; the Second Bedroom is +13.5×9 Ft., has a +9×5.75 Ft. Full Bath and a walk-in closet.

Other amenities include +13×8.5 Ft. walk-in Pantry; +13.25×7.75 Ft. Utility Room with closet; white oak construction +13×13 Ft. transition room with wood burning stove, steps out to the +35×12 Ft. attached Garage; plus, metal roof; 200 amp breaker system; split system air conditioning; 2 water heaters; city water; + .5Ac. residential commercial lot.

 

Terms of Auction: 15% deposit day of auction, balance required within 45 days. A 10% buyer premium will be added to the final bid and included in the total contract price.

 

 

Personal Property

 

Excellent 1985 Corvette +129,000 Miles – Jensen Sound – Back Up Camera System

 

Furniture: Excellent 4 Glass Door Lighted China Cabinet; Large Hexagon Smoked Glass Top Brass Look Pedestal Base Conference or Dining Table; 4 Parsons Dining Chairs; 2 Door 2 Drawer Armoire with TV – 2 Matching with Corner Mirror 2 Drawer Stands; 2 Matching Dressing Screens; 30’s 2 Door Chifforobe; Serpentine Top Victorian Style 4 Drawer Dresser with Mirror in Yoke with Carvings; Double Pedestal Executive Office Desk; 3 Drawer File Cabinet; Upholstered Swivel Office Chair; Professional Office Computer Desk – Black and more.

 

Appliances: Whirlpool Smooth Top Electric Range; Whirlpool Hanging Microwave and more.

 

Tools & Misc.: Tools; Tool Boxes; Yard Tools and much more.

 

 

 

Live On Site Vehicle Terms: Cash or personal check accompanied by a bank letter of guarantee. 10% buyer premium added to final bids. 

 

Bank Letter of Guarantee

If you plan to pay for your purchase by personal check, company check or wire transfer, you will need to present a bank letter of guarantee. 

1. The letter must be on official bank letterhead and signed by a bank representative.
IMPORTANT: THE BANK MUST STATE THAT THEY IRREVOCABLY GUARANTEE THE PAYMENT OF THE CHECK BEING PRESENTED. IT IS NOT SUFFICIENT FOR THE BANK TO STATE THE CREDIT LIMIT OR BALANCE OF THE INDIVIDUAL/COMPANY.

2. The letter must state the name of the individual or company for whom the guarantee is being stated and if a check is used, it must have the same name printed on it.

3. The letter should contain the account number on which the check or wire transfer is to be drawn and the check or wire transfer should match this same account number.

4. The letter should state an ending date after which the letter of guarantee will expire (at least seven days from auction).

5. The letter must contain a maximum amount for which the bank will guarantee. The check must not be written for more than is guaranteed by the bank.

SAMPLE BANK LETTER
RARE Auction Group

4000 Olivet Church Rd.

Paducah, KY 42001

Dear Sirs
(BANK NAME) irrevocably guarantees payment in full to RARE Auction Group by (BUSINESS NAME) drawn on account (NUMBER), up to the amount of $ (DOLLARS) to purchase items at your (AUCTION NAME). This letter of guarantee is valid until (Month, Date, Year).

Regards,
(BANK REPRESENTATIVE)
(TITLE)
(BANK NAME)

 

 

 

Online Vehicle Bidders: If you are the winning bidder, 3% of the total amount will be charged to your credit card on file at the conclusion of the auction. The balance will be due by the end of the next business day and can be by certified funds in our office, cash or a bank to bank wire transfer.

 

 

Terms of Auction: Visa, MasterCard, Cash, or Guaranteed Funds. 10% Buyer’s Premium added to all Final Bids.

Real Estate Terms: 15% deposit day of auction, balance required within 45 days. A 10% buyer premium will be added to the final bid and included in the total contract price.

 

Live On Site Vehicle Terms: Cash or personal check accompanied by a bank letter of guarantee. 10% buyer premium added to final bids. 

Bank Letter of Guarantee

If you plan to pay for your purchase by personal check, company check or wire transfer, you will need to present a bank letter of guarantee. 

1. The letter must be on official bank letterhead and signed by a bank representative.
IMPORTANT: THE BANK MUST STATE THAT THEY IRREVOCABLY GUARANTEE THE PAYMENT OF THE CHECK BEING PRESENTED. IT IS NOT SUFFICIENT FOR THE BANK TO STATE THE CREDIT LIMIT OR BALANCE OF THE INDIVIDUAL/COMPANY.

2. The letter must state the name of the individual or company for whom the guarantee is being stated and if a check is used, it must have the same name printed on it.

3. The letter should contain the account number on which the check or wire transfer is to be drawn and the check or wire transfer should match this same account number.

4. The letter should state an ending date after which the letter of guarantee will expire (at least seven days from auction).

5. The letter must contain a maximum amount for which the bank will guarantee. The check must not be written for more than is guaranteed by the bank.

SAMPLE BANK LETTER
RARE Auction Group

4000 Olivet Church Rd.

Paducah, KY 42001

Dear Sirs
(BANK NAME) irrevocably guarantees payment in full to RARE Auction Group by (BUSINESS NAME) drawn on account (NUMBER), up to the amount of $ (DOLLARS) to purchase items at your (AUCTION NAME). This letter of guarantee is valid until (Month, Date, Year).

Regards,
(BANK REPRESENTATIVE)
(TITLE)
(BANK NAME)

 

Online Vehicle Bidders: If you are the winning bidder, 3% of the total amount will be charged to your credit card on file at the conclusion of the auction. The balance will be due by the end of the next business day and can be by certified funds in our office, cash or a bank to bank wire transfer.

 

Terms of Auction: Visa, MasterCard, Cash, or Guaranteed Funds. 10% Buyer’s Premium added to all Final Bids.

 

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Robert Alexander Real Estate and Auction Company

http://rareauctions.com

4000 Olivet Church Road Paducah, KY 42001

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