Sandstone Restaurant

Better Homes and Gardens - All Seasons

 

Date(s) 1/4/2017 - 2/15/2017

LIVE ONESITE AUCTION FEBRUARY 15, 2017 AT 2:00 PM WITH ON LINE BIDDING AVAILABLE

Past Auction
Bidding Notice:

Online bidding is open! LIve Auction will be held onsite on February 15th at 2:00 PM

Auction Notice:

This is a live auction with online bidding available. If you plan on bidding online, please register prior to 2:00 PM on February 15th.

Auction Information
Name Sandstone Restaurant
Auctioneer
Type Live Webcast Auction
Date(s) 1/4/2017 - 2/15/2017
Auction Date/Time Info
LIVE ONESITE AUCTION FEBRUARY 15, 2017 AT 2:00 PM WITH ON LINE BIDDING AVAILABLE
Preview Date/Time OPEN HOUSE DATES: January 28th 2:00-4:00 PM February 11th 2:00-4:00 PM
Checkout Date/Time N/A
Location
Buyer Premium 10% Buyer's Premium
Description
OWNER IS RETIRING...MUST SELL! RESTAURANT AUCTION LIVE ON SITE AUCTION FEBRUARY 15, 2017 AT 2:00 PM WITH ONLINE BIDDING AVAILABLE 945 HWY 123, SANDSTONE, MN 55072 DIRECTIONS From I-35 and the Sandstone exit; go East on State Hwy 123 for one mile to this property on your left. PROPERTY INFO • 7200 Sq Ft • Central Air • Forced Air furnace • Natural Gas • City Sewer / City Water • Year Built: 1978 • Taxes: $6,032 • P.I.D.#: 45557700 AUCTIONEER’S NOTE Well-established profitable restaurant in Sandstone Minnesota. Family owned since 1984. This 7200 sq foot building is in a prime location along Highway 123 and will be offered at public auction. The main dining area seats up to 120 people. The private banquet room will seat up to 200 guests. Full kitchen and large pizza oven. Turn key operation! Owner is retiring...must sell! MLS#: 4784819 OPEN HOUSE DATES: January 28th 2:00-4:00 PM February 11th 2:00-4:00 PM If you have questions, please contact: Les Stromberg Auctioneer Lic#: 33-17 (320)279-0935 LesStromberg@gmail.co SHELLY WEINZETL Auctioneer Lic#: 86-79 (763) 300-5055 (763) 262-5555 Shelly@bhgmn.com
Terms & Conditions of Auction: • Winning bidder must close within 30-45 days. • Down Payment: $10,000 down. • Buyer's Premium = 10% Example: $100,000 winning bid + 10% buyer's premium = $110,000 Total Purchase Price. • Buyer is aware the down payment is non refundable unless the seller cannot provide clear and marketable title. • Broker Participation is available, call Better Homes and Gardens Real Estate All Seasons for details. • Title: Clear and Marketable Title will be furnished. • Agency Disclosure: Better Homes and Gardens Real Estate All Seasons is hereby giving notice that they are agents of the sellers in this transaction. • Property Inspection: Your complete inspection and the inspection of the property by you and or your professionals prior to the auction are encouraged. Those inspecting the property assume all risks associated with any inspection of the property. • Selling As Is.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100,000.00 10,000.00 USD
100,000.01 - 140,000.00 5,000.00 USD
140,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
• Winning bidder must close within 30-45 days. • Down Payment: $10,000 down. • Buyer's Premium = 10% Example: $100,000 winning bid + 10% buyer's premium = $110,000 Total Purchase Price.
N/A
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.