Grand Mariner Marina & Restaurant

Coastal Auction Co., Inc.

 

Date(s) 3/16/2017 - 4/8/2017

Saturday, April 8, 2017 at 1:00 PM (Central Time) Registration begins onsite at 11:30 AM

Past Auction
Bidding Notice:

Please review all terms and conditions of sale prior to bidding. Inspection dates and times available.

Auction Information
Name Grand Mariner Marina & Restaurant
Auctioneer
Type Live Webcast Auction
Date(s) 3/16/2017 - 4/8/2017
Auction Date/Time Info
Saturday, April 8, 2017 at 1:00 PM (Central Time) Registration begins onsite at 11:30 AM
Preview Date/Time INSPECTION: (Times are Central Time Zone) Friday & Saturday, March 17 & 18 from 11-6pm Friday & Saturday, March 24 & 25 from 11-6pm Friday & Saturday, March 31 & April 1 from 11-6pm Thursday & Friday, April 6 & 7 from 11-6pm
Checkout Date/Time N/A
Location
Buyer Premium 10% Buyer's Premium
Description
Estate Auction to sell The Grand Mariner Marina and Restaurant on beautiful Dog River, just south of Mobile, Alabama.
Buyer's Premium 10%. All Bids are Final. All properties or items are sold as is/where is with no warranty or guarantee. Catalog is meant as a guide. No warranties or guaranties as to accuracy, year, hours, descriptions, count, measure, weight, condition, value, merchantability, safety, or usability is expressed or implied. Inspect all items before bidding. Descriptions and Catalogs both printed and online are meant only as a guide. Buyer is responsible for disassembly and removal of items. Inspection prior to bidding is recommended and available. Buyer is responsible for all freight, handling costs, and taxes where applicable. Full settlement is due on day of sale. ACCEPTED forms of payment: Cash, Cashier's Check/Money Order, Personal/Business Check with Bank Letter of Guarantee. VISA, MasterCard, Discover, American Express - (3% Fee Applies to Credit Card Purchases). Credit Cards must match driver's license to be accepted by Coastal Auction Co., Inc.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 50,000.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
REAL ESTATE DOWN PAYMENT (DEPOSIT): The Winning Bidder shall be required to make an earnest money down payment equal to $250,000.00. This deposit must be paid by wire transfer (or by certified funds), by close of business the day following the bidder being declared the Winning Bidder. Winning Bidders whose documents and deposit are not received within the required timeframe are subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Coastal Auction Co., Inc. events. 10% Buyer's Premium will apply. Balance due at closing within 30 days. Property taxes prorated. Possession with deed.
No shipping available.
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.