Dierks Motel Auction

24 Rooms, 10,936+/- SF on 0.76+/- Acres


Friday September 28th @ 10AM

This one-story Brick 10,936+/- SF Motel was built in 1997 and is equipped with 24 rooms. Conveniently located has dining room, kitchen, reception area, offices, living quarters plus a separate building all on 0.76+/- acres.

LIVE ON-SITE AUCTION
Begins: 09/28/18 at 10:00 AM CDT
Ends: 09/28/18 at 10:30 AM CDT
Location: 516 South Arkansas Ave., Dierks, AR 71833

ATTENTION INVESTORS INCOME PRODUCING PROPERTY

This is a great opportunity for a good manager. This Motel could easily be become and assisted living facility with all it offers. The Motel also has a Dining Room area that couldn’t be rented out for company meetings and parties. It is well constructed 10,936+/- SF Motel was built in 1997. It is a Brick building with a Metal Roof, has 22 Rooms with 2 Manager quarters with kitchenettes, Heat and air units are in each room. New Roof installed October 2014. It has a large Dining Room with tables and chairs, kitchen with double door cooler, commercial stove/oven, comm. vent a hood, commercial ice maker, reception area, office all on 0.76+/- acres ready and located next to the newly updated sawmill and City Park. This property also comes with a separate building next door that could be rented or  sold and moved. 

Pre On Line Bidding:

Begins September 14th @ 10AM – Ends September 27th @ 2PM 

Click this link for on line pre-bidding

 

TERMS: $10,000 down day of auction in certified funds . Title insurance and warranty deed furnished at closing, closing within 30 days, 10% buyers premium.  Announcements made day of sale take precedence over all advertising.

 

Real Estate Terms: $10,000 down day of auction in certified funds. Title insurance and warranty deed furnished at closing, closing within 30 days, 10% buyers premium.  Announcements made day of sale take precedence over all advertising. 

Fowler Auctioneers, Inc. is acting exclusively as an agent for Seller and not as an agent for any Bidder or Buyer. No third-party broker is acting as a sub-agent of Auctioneers.  All properties are absolutely sold “as is, where is” with no contingencies. Announcements made day of sale take precedence over all advertisement. 

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. Fowler Auctioneers, Inc. represents the sellers only and does not inspect properties on behalf of buyers and assumes no responsibility for the correctness of any descriptions.

Fowler Auctioneers, Inc. is acting exclusively as an agent for Seller and not as an agent for any Bidder or Buyer. No third-party broker is acting as a sub-agent of Auctioneers.  All properties are absolutely sold “as is, where is” with no contingencies. Announcements made day of sale take precedence over all advertisement. 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. 

 

PRE-BIDDING TERMS:

$10,000 down balance due at closing within 30 days, title insurance and warranty deed furnished at closing, 10% buyer premium. DOWN PAYMENT must be paid in full via Wire Transfer, Credit Card by next business day after auction. 
Participation Requirements: Valid credit card required for bidding approval, name, valid address, and valid email address. 

Fowler Auctioneers, Inc. has the right to sell this property prior to auction.
 THERE IS A 10% BUYERS PREMIUM ADDED TO THE TOP BID TO ARRIVE AT THE TOTAL AND FINAL CONTRACT PRICE.

Payment Instructions: Visa, MasterCard, Wire Transfer. All purchases must be paid in full via wire transfer, credit card following first business day after auction……… NO EXCEPTIONS!! If paying by Credit Card there will be a 5% Administrative Fee Assessed. If paying by wire transfer, there will be a $20.00 fee assessed.Your registration and participation in this auction through Fowler on Line Auctions is a legally binding contract. In the event that a buyer refuses to pay in full for an item or items purchased at this auction, Fowler Auctioneers retains the right to pursue payment as well as compensation for any applicable legal fees to the full extent of the law in Pike County, AR, the venue of business transactions with Fowler Auctioneers. 

Special Terms: All property is sold ‘AS IS’ and ALL SALES ARE FINAL. Property is open to through public inspection. It is the Bidders responsibility to determine condition, age, genuineness, value or any other determinative factor. Fowler Auctioneers may attempt to describe the merchandise in advertising, on the Internet and at the auction but makes no representations. In no event shall Fowler Auctioneers be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Bidder shall be the sole judge of value. Bidders who bid from off site and are not present at the live auction or preview understand and acknowledge that they may not be able to inspect the property as well as if they examined it in person. It is the Bidder’s responsibility to determine condition, age, genuineness, value or any other determinative factor. Fowler Auctioneers shall endeavor to describe in detail each item and any pertinent information about it. Bidder agrees that everything is sold as is.

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Fowler Auctioneers, Inc.

http://fowlerauctioneers.com

275 Hwy. 70 East Glenwood, AR 71943

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