Commercial Income Property / Modern, Regional Laundromat

Online Only Auction

Golden Rule - Wilson Real Estate & Auction, LLC

5397 Hodgenville Rd.

Greensburg, KY 42743

Date(s) 9/28/2020 - 10/20/2020

Ending Tuesday, October 20th at approx. 6 P.M. CDT (Slow Time)

Past Auction

Online-Only Auction

Catalog

View Catalog (1 Lots)

Bidding Notice:

You can manually bid each time or conveniently use the Maximum Bid feature & let the computer automatically bid for you in increments just over the next highest bidder or until it reaches your max bid.

Auction Information

Name	Commercial Income Property / Modern, Regional Laundromat
Auctioneer	Golden Rule - Wilson Real Estate & Auction, LLC
Type	Online-Only Auction
Date(s)	9/28/2020 - 10/20/2020
Auction Date/Time Info	Ending Tuesday, October 20th at approx. 6 P.M. CDT (Slow Time)
Preview Date/Time	View by appointment BY CALLING CHRIS @ 270-250-3850 or Preview / Open House Saturday, October 17th from 10 A.M. to 12 Noon CDT
Checkout Date/Time	Non-refundable $18,000 deposit to be made to Golden Rule-Wilson Real Estate & Auction #1, LLC Escrow within 48 hours of auction ending and close cash with deed on or before 30 days. A ten percent buyer’s premium will be added to the final bid to determine the final sales price. 2020 taxes to be paid by seller. Property to be transferred with a good insurable General Warranty Deed. Purchaser responsible for own due diligence.
Location	5397 Hodgenville Rd. Greensburg, KY 42743
Buyer Premium	10% Buyer’s Premium applies
Description	OWNERS ARE RETIRING! INCOME OPPORTUNITY! ONLINE ONLY COMMERCIAL AUCTION Ending Tuesday, October 20th at Approx. 6 P.M. CDT (Slow Time) Modern, All-Purpose Commercial Building Offering 2,920 sq. ft. +/- TOTAL having 2 Sections with Main Portion Currently Operated as a Turn-Key Regional Laundromat Facility and Second Portion Open for Rental Income or a Business of Your Choice. Centrally Located in the Summersville Community of Green County, nestled between the new Dollar General Store and T-Mart Marathon Convenient Store, with an address of 5397 Hodgenville Road, Greensburg, KY Auction Held for John & Debbie Belcher who are retiring. HOW TO BID: PLEASE FOLLOW THE PROMPTS TO REGISTER BY CLICKING THE ONLINE BIDDING LINK & OBTAINING A USER NAME & PASSWORD ALONG WITH SECURED CREDIT CARD REGISTRATION FOR AUTHENTIFICATION. THEN GET READY TO BID! You can manually bid each time or conveniently use the Maximum Bid feature & let the computer automatically bid for you in increments over the next highest bidder or until it reaches your max bid. This modern, one-owner building / business offers a very modern facility which was built in 2010 and all new equipment installed in 2010. The building offers a modern facility having a brick front with metal sides – back – roof, 8 foot covered front porch / walkway and 6 inch gutters. Building has 2 x 6 walls with heavy insulation and double pane windows. The exterior appears maintenance free and also offers a large paved parking area with 18 striped parking spaces. The owners appear to have maintained the building and equipment well and have provided a great facility and service to the Community for 10 strong years. What a great buying opportunity to purchase an existing business already set up and making money! LAUNDROMAT PORTION OF BUILDING This section of the building offers 2,190 sq. ft. +/- with 400 Amp electrical service (single phase), practically new central air & heat unit (approx. 2019) with central air and hot water coil heat, 100 gallon efficient gas water heater with 2 inch city water meter and backflow preventor, city sewer, fluorescent / LED lighting, ADT security system, maintenance free decorative / stained concrete flooring and commercial natural gas hookup. This section offers a large Laundromat area, office area, kids corner playroom (2 handicap accessible ½ baths), and mechanical room offering easy access for maintenance. The commercial laundry equipment included in this sale features heavy duty Dexter brand stainless steel laundry equipment that was purchased new in 2010. The equipment included (3) 50 lb. washers, (8) 30 lb. washers, (2) regular sized washers (Whirlpool), (4) 50 lb. dryers, (8) 30 lb. dryers – all coin operated. Other equipment includes a commercial change machine, (5) rolling clothing baskets, clothing scale, steam iron, (4) camera system, tables & chairs, office desk, double door cooler and TV. This is basically a walk-out deal with all business equipment is remaining with the property except just a very limited amount of personal items. RENTAL / ADDITIONAL PORTION OF BUILDING This section of the building offers 730 sq. ft. +/- this portion of this building is brand new and has never been occupied but would make great additional rental income or another business location. This section has its own 200 Amp electrical service, electric furnace / central air unit (included but not hooked up) and a handicap accessible ½ bath. This section does use the same water and sewer for the building. DYNAMIC SOFT CLOSE: Golden Rule – Wilson’s online auctions have an auto extend feature. If a bid is placed in the final 3 minutes of an auction, the close of the auction will be automatically extended 3 minutes from the time the bid was placed. The auto extend feature remains active until no further bids are received within a 3 minute time frame. TERMS: Non-refundable $18,000 deposit to be made to Golden Rule-Wilson Real Estate & Auction #1, LLC Escrow within 48 hours of auction ending and close cash with deed on or before 30 days. A ten percent buyer’s premium will be added to the final bid to determine the final sales price. 2020 taxes to be paid by seller. Property to be transferred with a good insurable General Warranty Deed. Purchaser responsible for own due diligence. See Full Terms upon Registration. Auctioneers Note: This property offers a turn-key operation with a great set up! It is located on a highly-traveled state road and regionally located. Get online and get bidding now!

Terms and Conditions

SECURE CREDIT CARD/DEBIT REGISTRATION IS REQUIRED FOR AUTHENTIFICATION TO VERIFY YOU ARE A LEGITIMATE BIDDER. PLEASE FOLLOW THE PROMPTS TO REGISTER BY CLICKING THE ONLINE BIDDING LINK & OBTAINING A USER NAME & PASSWORD ALONG WITH SECURED CREDIT CARD REGISTRATION FOR AUTHENTIFICATION. THEN GET READY TO BID! TERMS: Non-refundable $18,000 deposit to be made to Golden Rule-Wilson Real Estate & Auction #1, LLC Escrow within 48 hours of auction ending and close cash with deed on or before 30 days. A ten percent buyer’s premium will be added to the final bid to determine the final sales price. 2020 taxes to be paid by seller. Property to be transferred with a good insurable General Warranty Deed. Purchaser responsible for own due diligence. Golden Rule – Wilson Real Estate & Auction #1, LLC’s (Hereinafter referred to as Golden Rule – Wilson, LLC) Online Auctions are timed events and all bidding will close at specified time. Golden Rule – Wilson’s online auctions also have an auto extend feature. If a bid is placed in the final 3 minutes of an auction, the close of the auction will be automatically extended 3 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:02. The auto extend feature remains active until no further bids are received within a 3 minute time frame. All property is sold in “AS IS” and “WHERE IS” condition. ALL SALES ARE FINAL! Bidder understands and agrees that no refunds, exchanges, adjustments, charge backs, etc, will be allowed. All item descriptions are believed to be accurate to the best of our knowledge & ability; however, they are not guaranteed. All property is expressly sold ‘AS, IS”. There SHALL be no grounds for any claim, refund, adjustment, charge back, etc. All description information has been gathered from sources which we believe to be reliable but are not guaranteed. Auctioneer makes no warranty or guarantee of any kind with respect to condition, authenticity, provenance, source, condition, suitability for a particular purpose, etc. Auctioneer reserves the right to change, modify, delete any item or lot or description in the auction as may be necessary. SERVER & SOFTWARE TECHNICAL ISSUES: In the unlikely event the Bidding Software or the bidding system should fail, the auction company reserves the right to extend the bidding past the advertised closing date and time. Should this unlikely event happen, all registered bidders will be emailed accordingly with the new ending date and time. The date & time extension will apply to both open and closed lots should a system failure occur. In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Golden Rule – Wilson, LLC reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor GOLDEN RULE – WILSON, LLC, SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Golden Rule – Wilson, LLC. Any dispute between Golden Rule – Wilson, LLC its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Russell County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth. AGENCY: Golden Rule – Wilson, LLC Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Golden Rule – Wilson, LLC and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc. Golden Rule – Wilson, LLC reserves the right to alter this agreement at any time. This will take place by updating this site. Please check back and review these terms as every time you use this site you are agreeing to the terms as they are written at that time. Auction company employees and/or auction company may bid on and purchase auction items. BIDDER DEFAULT: Failure to complete a purchase is illegal and will result in one or more of the following (1) prosecution (2) loss of bidding privileges for Golden Rule – Wilson, LLC auctions. If a bidder at any time feels his/her username, password or bidder number has been compromised due to lack of security by the bidder, notify the Auctioneer immediately. For additional information, contact Golden Rule – Wilson LLC, Auctioneers at 270-384-1111. TIME IS OF THE ESSENCE in regard to all auction terms.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 9,999,999.99	500.00 USD

Payment Information

Currency	USD
Buyer Premium	10% Buyer’s Premium applies
Payment Terms	Non-refundable $18,000 deposit to be made to Golden Rule-Wilson Real Estate & Auction #1, LLC Escrow within 48 hours of auction ending and close cash with deed on or before 30 days. A ten percent buyer’s premium will be added to the final bid to determine the final sales price. 2020 taxes to be paid by seller. Property to be transferred with a good insurable General Warranty Deed. Purchaser responsible for own due diligence.

Shipping / Pick Up

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.