Bradeen Real Estate & Auctions

 

Date(s) 8/17/2017 - 8/23/2017

Live webcast bidding will begin on Wednesday, August 23, 2017 at 10:30 AM MDT. Online pre-bidding available beginning on Wednesday, August 16, 2017 at 6:00 AM MDT.

Past Auction
Bidding Notice:

If you are unable to bid online, contact Bradeen Auctions by phone (1-605-673-2629) to place an absentee bid. We highly recommend that any interested bidders visit <mark></mark> and view one of the live "Webcast" auctions before the auction. This is an invaluable way to familiarize yourself with the online bidding process, and to check that you will be able to receive live audio/video on ... Show More

Auction Notice:

<mark>"Method of Sale Now Posted"</mark>. It is very important that all bidders read and understand the Method of Sale before bidding. <mark></mark>

Auction Information
Name Historic Chute Rooster Steakhouse & Lounge
Auctioneer
Type Live Webcast Auction
Date(s) 8/17/2017 - 8/23/2017
Auction Date/Time Info
Live webcast bidding will begin on Wednesday, August 23, 2017 at 10:30 AM MDT. Online pre-bidding available beginning on Wednesday, August 16, 2017 at 6:00 AM MDT.
Preview Date/Time Inspection: Auctioneers/Brokers will be at the property on Wednesday August 9 & 16, and Monday August 21, from 2-4pm each day. OR, call 605-673-2629 for a private showing.
Checkout Date/Time Successful bidder (of entire package OR Real Estate package) shall deposit 15% irrevocable earnest money upon conclusion of the auction, with the balance due in full on before September 25, 2017. Immediate possession is available. IF PURCHASING PERSONAL PROPERTY PACKAGES: Cash or certified funds within 48 hours of the auction. Property transferred by bill of sale. Purchaser(s) will be granted 14 days to remove property from the premises. Buyers will sign guarantee not to damage the structure in any way during removal.
Location
Buyer Premium No Buyer's Premium Charged
Description
Broker Participation is invited. MLS lockbox installed. Call for required forms, deadlines and other pertinent information. ---SALE BILL--- <b>BLACK HILLS OF SOUTH DAKOTA - HILL CITY BUSINESS OPPORTUNITY THE HISTORIC "CHUTE ROOSTER" STEAKHOUSE, RESTAURANT & LOUNGE ABSOLUTE AUCTION WEDNESDAY AUGUST 23, 2017 10:30 AM MDT Registration at 9:30 am WELL ESTABLISHED, 7400+- SQ FT, CLASSIC "GAMBREL ROOF" RESTAURANT STRUCTURE. A CENTRAL BLACK HILLS ICON SINCE 1971.</b> Live Auction held at the property, 850 Chute Rooster Drive, HILL CITY SD "Online Bidding Available" Selling at Absolute Public Auction in 3 individual packages and/or as 1 complete unit as follows, read carefully: 1- 1.71 Acre tract including the classic "Gambrel roof" (barn style) restaurant structure. The original old barn which stood on this property for nearly a century and features a huge hayloft dancefloor with bandstand, bar, restrooms and more. The main floor restaurant/bar includes a massive floor to ceiling slate fireplace, slate and barn wood wall coverings, classic antique lighting. . . over 7400 sq. ft. of floor space. The adjacent mercantile building would adapt to any number of uses. Also includes Seller's interest in currently held City of Hill City On-Sale Liquor, wine, beer operating agreement, old photos, memorabilia and attached antiques. 2- Kitchen equipment package including: Hatco cook & hold oven, prep tables, char-broiler, stainless steel equipment, cooking utensils, kitchen freezers and coolers (not attached), dinnerware, flatware, etc., to be removed. 3- Restaurant/Lounge furnishings package including: POSi-touch system, all bar equipment (not attached), flat screen TV's all restaurant tables and chairs, salad bar & buffet tables, glassware, patio furnishings, many antiques (not attached) including player piano, large safe, etc., to be removed. 4- Entire Unit, including Real Estate, interest in Liquor operating permit, and all owned fixtures, equipment, memorabilia, antiques and collectables. SELLING IN THE MANNER REALIZING THE GREATER RETURN! * The steel jail, believed to be the old Mystic SD Jail, will be offered and sold separately at the conclusion of the auction. ---REGISTRATION--- A credit card is required for auction registration to verify the identity of our bidders and to protect the integrity of our bidder's pool. Thank you for your cooperation. If you believe you have registered but have not been asked to enter your credit card information YOU HAVE NOT FINISHED THE REGISTRATION PROCESS. The first lot you bid on will prompt you to enter your credit card information. Please bid early to ensure you are completely registered.
By bidding on an item in this sale you agree to the following terms. Absolute Auction! Property sells to the highest bidder(s) auction day without minimum or reserve! Offered in 3 packages and as 1 unit, selling in the manner realizing the greater return. Successful bidder (of entire package OR Real Estate package) shall deposit 15% irrevocable earnest money upon conclusion of the auction, with the balance due in full on before September 25, 2017. Immediate possession is available. Property sold without buyer contingency of any kind. Have financial arrangements secured prior to bidding. Property is selling by legal description only. A property survey if required, would be at the expense of the buyer. Seller is not aware of any boundary disputes or encroachments. Marketable title will be transferred by Warranty Deed and bill of sale, subject to easements, restrictions and reservations of record. A title insurance policy showing marketable title will be provided by seller and is available for your inspection prior to the auction. Property is currently held debt free. 2016 and prior taxes will be paid by seller. 2017 real estate taxes will be prorated to date of closing using the most current tax levy. Auctioneers, Brokers and their associated staff are representing the seller's interest in this transaction. All information was derived from sources deemed reliable; however, neither Seller nor the Auctioneers/Brokers are making any guaranties or warranties, actual or implied. Property selling "As-is where is". Inspect to the extent deemed necessary both on and off premise and use your own judgement when bidding. Announcements made at auction take precedence over any prior printed or oral representations. LIQUOR OPERATING AGREEMENT: Seller shall relinquish their interests in the City held On-Sale Liquor operating agreement in favor of the Buyer. It shall be the sole responsibly of the Buyer to apply for and obtain a new operating permit. Contact City of Hill City prior to the auction for details. Broker represents Seller in this transaction. IF PURCHASING PERSONAL PROPERTY PACKAGES: Cash or certified funds within 48 hours of the auction. Property transferred by bill of sale. Purchaser(s) will be granted 14 days to remove property from the premises. Buyers will sign guarantee not to damage the structure in any way during removal. Preview Dates/Times: Inspection: Auctioneers/Brokers will be at the property on Wednesday August 9 & 16, and Monday August 21, from 2-4pm each day. OR, call 605-673-2629 for a private showing. Auction Dates/Times: Live webcast bidding will begin on Wednesday, August 23, 2017 at 10:30 AM MDT. Online pre-bidding available beginning on Wednesday, August 16, 2017 at 6:00 AM MDT. ---REGISTRATION--- A credit card is required for auction registration to verify the identity of our bidders and to protect the integrity of our bidder's pool. Thank you for your cooperation. If you believe you have registered but have not been asked to enter your credit card information YOU HAVE NOT FINISHED THE REGISTRATION PROCESS. The first lot you bid on will prompt you to enter your credit card information. Please bid early to ensure you are completely registered. ***ONLINE AUCTION DISCLAMER*** When using our online auction services, you are making firm commitments to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason. Nonpaying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. You also acknowledge that the Internet may be an unreliable and error prone network. Bradeen Auctions will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Bradeen Auctions and their employees harmless for any interruptions in online bidding. Further, the auctioneer has the sole discretion to accept or refuse any bid. Bradeen Auctions retains the right, at our sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. Bradeen Auction further reserves the right to cancel and/or reopen the auction in the case of system failures. If you have any questions or need further assistance, please contact Bradeen Auctions at (605) 673-2629 or email auctions@bradeenauction.com.?
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 49,750.00 250.00 USD
49,750.01 - 99,500.00 500.00 USD
99,500.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium No Buyer's Premium Charged
Payment Terms
Absolute Auction! Property sells to the highest bidder(s) auction day without minimum or reserve! Offered in 3 packages and as 1 unit, selling in the manner realizing the greater return. Successful bidder (of entire package OR Real Estate package) shall deposit 15% irrevocable earnest money upon conclusion of the auction, with the balance due in full on before September 25, 2017. Immediate possession is available. Property sold without buyer contingency of any kind. Have financial arrangements secured prior to bidding. Property is selling by legal description only. A property survey if required, would be at the expense of the buyer. Seller is not aware of any boundary disputes or encroachments. Marketable title will be transferred by Warranty Deed and bill of sale, subject to easements, restrictions and reservations of record. A title insurance policy showing marketable title will be provided by seller and is available for your inspection prior to the auction. Property is currently held debt free. 2016 and prior taxes will be paid by seller. 2017 real estate taxes will be prorated to date of closing using the most current tax levy. Auctioneers, Brokers and their associated staff are representing the seller's interest in this transaction. All information was derived from sources deemed reliable; however, neither Seller nor the Auctioneers/Brokers are making any guaranties or warranties, actual or implied. Property selling "As-is where is". Inspect to the extent deemed necessary both on and off premise and use your own judgement when bidding. Announcements made at auction take precedence over any prior printed or oral representations. LIQUOR OPERATING AGREEMENT: Seller shall relinquish their interests in the City held On-Sale Liquor operating agreement in favor of the Buyer. It shall be the sole responsibly of the Buyer to apply for and obtain a new operating permit. Contact City of Hill City prior to the auction for details. Broker represents Seller in this transaction. IF PURCHASING PERSONAL PROPERTY PACKAGES: Cash or certified funds within 48 hours of the auction. Property transferred by bill of sale. Purchaser(s) will be granted 14 days to remove property from the premises. Buyers will sign guarantee not to damage the structure in any way during removal.
Does Not Apply
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.