Auction Information
Custom Home and Restaurant Liquidation of Real Estate and Equipment
AUCTION....LIVE AUCTION....SATURDAY, AUGUST 15, 2015 AT 10:00AM....LIVE AUCTION....AUCTION
SELLING A CUSTOM HOME AND RESTAURANT, THE LIQUIDATION OF REAL ESTATE AND EQUIPMENT. VIABLE BUSINESS OPPORTUNITY !!!!!!
This is the auction of a beautiful custom home and a restaurant fronting on State Highway 43 along with all the restaurant equipment, yard/farm equipment, power tools, hand tools, furniture, furnishings, etc. The 49 acre property will be offered for sale at auction divided into 5 separate tracts. You can buy any individual tract, any combination of tracts or purchase the entire 49 acres in a live auction.
DIVIDED IN 5 SEPARATE TRACTS, BUY ANY TRACT, ANY COMBINATION OF TRACTS OR BUY THE ENTIRE 49 ACRE PROPERTY
REAL PROPERTY: 49 total acres. The Main House has over 4000 square feet of living space with 4 bedrooms, 3 full baths and 1 half bath, pool and large porch and patio are...
REAL PROPERTY: 49 total acres. The Main House has over 4000 square feet of living space with 4 bedrooms, 3 full baths and 1 half bath, pool and large porch and patio area. 40' x 60' Metal Building with concrete floor and 14' overhead doors. Restaurant is approximately 4000 square feet with a capacity of 106 customers.
Tract 1: Restaurant and parking on 10 acres
Tract 2: 6 acres fronting State Hwy 43
Tract 3: 8 acres of timberland home site
Tract 4: Main House, pool and workshop on 8 acres
Tract 5: 17 acres of timberland suitable for a very private home site
FEATURES: Two water wells, aerobic septic system, 1650 feet of state hwy road frontage. Located just 15 miles south of Interstate 20 and minutes from Longview, Marshall, Kilgore and Henderson, Texas. Any minerals not previously retained will convey with the property.
LIVE AUCTION: The property will be offered for sale in a live, audible auction, conducted by a licensed Auctioneer on Saturday, August 15, 2015 at 10:00am CDT. The auction will be conducted on-site, at 13702 State Highway 43, Tatum, Texas. On-site registration will begin at 8:00am on the day of the auction. The property will sell "AS IS". It is the sole responsibility of a potential buyer to inspect and research the property prior to the auction.
REAL ESTATE TERMS: A 10% Buyer's Premium will be added to the high bid attained at auction to constitute the total contract price. The 10% Buyer's Premium will be paid the day of the auction when the contract is executed. The balance will be due at Closing, on or before Friday, September 18, 2015 at 5:00pm CDT. Buyer is responsible to attain his or her own financing prior to closing.
PERSONAL PROPERTY TERMS: A 10% Buyer's Premium will be added to the high bid attained at auction to constitute the total price. Full payment must be tendered by the conclusion of the auction by cash, credit card (Visa and Mastercard Only) or personal/business check will be accepted with a Bank Letter of Guarantee. All personal property purchased must be removed from the premises by 12:00 Noon, Monday, August 17, 2015.
ONLINE BIDDING: If you are unable to attend the live auction held at 13702 State Hwy 43...you can participate in real-time online bidding. Call for details.
REAL ESTATE AGENT INCENTIVE: Real Estate Agents are eligible to receive a 2% commission. Bring your Buyer and co-register the day of the auction. The Real Estate Agent of the successful Buyer will receive a 2% commission of the auction strike price that will be paid on the day of Closing.
OPENING BID FOR THE RESTAURANT (TRACT 1) AND THE HOUSE (TRACT 4) IS $100,000 AND THE RAW ACREAGE (TRACTS 2, 3 AND 5) IS $1000/ACRE
PRIVATE SHOWINGS ARE AVAILABLE PRIOR TO THE AUCTION. CALL TO SCHEDULE AN APPOINTMENT.
CALL FOR ADDITIONAL INFORMATION AND DETAILS. CONTACT TONY LANGDON 214/876-5950
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