Absolute Real Estate Auction

Absolute Real Estate Auction

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Brief Description

Commercial Real Estate Building

Located in Franklinville NY

Auction Schedule

Live On-Site Auction

Begins: Friday, November 01, 2019 at 11:00 AM EDT

Location: 7 S. Main St., Franklinville, NY 14737

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Details

1,976 SqFt Commercial Bldg, 2 executive suites, men’s & women’s room, break room, kitchen area, main lobby, front service counter w/3 workstations, drive-through teller window, vault room, several safes behind back counter, sump pump, dehumidifier, circuit panel, interior water meter and partial basement
Terms: $5,000.00 Dep due date of sale to register. 10% Buyers Premium. The balance to 10% is due within 5 bus days, close in 30. Approximate Taxes: $14,863.02

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Auction Terms

The successful bidder will be required to pay a non-refundable deposit of the greater of; ten percent (10%) of the purchase price or $5,000.00, which will be held in Monahan Real Estate & Development, L.L.C.  Escrow Account at Citizens Bank in Buffalo, New York.  The deposit is to be paid as follows:

$5,000.00 in cash, certified check or another form of immediately available funds acceptable to the Auctioneer immediately upon the bid being struck down.

A Buyer’s Premium of 10% will be added to the bid, the sum of which will be the purchase price.

The remaining portion of the deposit, in excess of $5,000.00, is payable within five (5) days of acceptance of the bid at the offices of Monahan Real Estate & Development, LLC.

The balance of the Purchase Price is to be paid in cash, certified funds or by wire transfer at the closing on December 2, 2019, or such other time and place to be agreed upon between the purchaser and seller.  If the purchaser is not ready to close the title on or before December 2, 2019, any adjournment granted by the seller at the request of the purchaser shall be only upon the provision that all adjustments shall be as of December 2, 2019.

See Attachment For Additional Terms & Information. 

 

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