Auction Details

Type

Live Auction

Auction Dates

August 26, 2022

Description

AUCTION
Including Commercial Real Estate
FRIDAY AUGUST 26
11:00 a.m.
21588 S HWY 71, Winslow, AR
Directions: Just South of Winslow on HWY 71.

Originally a home, this appx 2,920 sf commercial building was converted to a restaurant. Property includes large dining areas, kitchen, dish room, prep room, 2 bathrooms & more. Could be used as commercial property or converted back to a home. All on appx 3 acres w/Incredible Views!!

10% Buyer’s Premium. Please click on ‘terms’ tab for complete list of terms. Real Estate sells at 11 am.

Personal Property
Restaurant Equipment & Furniture: Southbend Stove w/6-Burners, Griddle & Double Oven – DCS Grill Top – DCS Deep Fryer – Aerohot Food Bar – (2) Hot Food Bars – Cold Sandwich Bar – Gas Stove – (4) Frigidaire Refrigerators – Whirlpool Microwave – Commercial Coffee Maker – Bunn Tea Dispenser – Bread Warmers – Stainless Tables – (18+) Oak Dining Tables & Chairs – Oak Buffet – High Chairs – Lamps, Pictures, Mirrors – Food Bar Pans – Dishes, Cups, Silverware – Royal Cash Register

Excellent!
Note: Our owners have retired and must sell this lovely property. 10% buyer’s premium

All announcements day of sale supersede this ad

Terms and Conditions

Looper Auction & Realty II, LLC
4525 Palestine Road,
Huntington AR 72940
(479) 996-4848
Terms
Registration finalizes – Each bidder agrees to terms and conditions of sale. Do not bid unless you agree to be bound by these terms. Property to be sold as is where is with faults, without express or implied warranties of any kind. Buyer is to perform all inspections prior to auction with professionals of their choosing. Looper Auction & Realty II, LLC represents the sellers only and does not inspect properties on behalf of buyers and assumes no responsibility for the correctness of any descriptions.

Buyer must make a 10% non-refundable deposit at the conclusion of bidding. Buyer must also execute the sales contract and property disclosure (if available) which will be posted prior to the auction. Balance of purchase price along with all closing costs will be due within 30 days. Buyer to pay all closing costs including 10% buyer’s premium, title insurance, revenue stamps, closing fees, survey, filing costs, and any other fees. Seller will cure any title problems if necessary. Taxes will be pro-rated to day of closing. Properties sell subject to court, bank or seller approval. The court, bank or seller retains their right to bid or have someone bid on their behalf. Possession will be upon closing with filing of deed. 10% deposit will be refunded if seller defaults. Property is sold with no contingencies, buyer should conduct all inspections required by lender prior to auction. If a lender is being used, buyer should be pre-qualified.

Purchase price is amount of highest bid plus 10% buyer’s premium to make a total purchase price. Buyer to make a 10% non-refundable deposit of the total purchase price.
***Example – High bid is $500,000
$500,000 plus $50,000 = $550,000
10% non-refundable deposit = $55,000
All information given orally or in writing was derived from sources believed to be correct, but is not guaranteed. All real estate dimensions are only approximations. Buyers shall rely entirely on their own information, judgment and inspection of the property and records

Location