Commercial Property, Equipment and Inventory

Auction

Friday, November 10, 10:30 AM

Location: 949 HWY 52W (2.8 miles from I-65 Exit 117 on HWY 52) Portland, Tennessee. From the intersection of HWY 109 and HWY 52 in Portland go west 2.25 miles on HWY 52 W to the property. Watch for signs.

Commercial Building on 3.13 Acres with 624+/- Ft of Highway Frontage

Takeuchi TW-65 Wheel Loader with Two Buckets and Forks, Custom-Built Monster Truck with Dodge Body

Remaining Inventory of Landscape Mulch, Rocks and Decorative Gravel, Office Equipment and Furniture

Building Features:

· 2,280 total sq. ft. commercial steel-fabricated building on concrete floor

· Office/Retail area with 1,020 sq. ft. of finished space including: lobby, office and open space with kitchen complete with oak cabinets, center island with range, ceiling fan and refrigerator, two restrooms and ceramic tile floors throughout

· Central heat and air

· Shop area 30 ft. x 26 ft. with 10 ft. overhead door and a 14 ft. overhead door with automatic openers,

stairway with access to the second floor 24 ft. x 29 ft. unfinished space with sub-floor and electric.

· An open bay 30 ft. x 16 ft. enclosed on three sides with 8 ft. poured concrete walls.

Property Features:

· 3.13 acres zoned general commercial services

· Adjacent to the city limits of Portland

· Great business location with new developments near by

· 624 +/- ft. of road frontage on HWY 52W

· Traffic count averages 9,912 +/- per day

· 730 +/- ft. of road frontage on Clubbs Rd.

· Large gravel parking Lot

· Boundary fencing

Public water, septic system

TERMS & CONDITIONS  Real Estate: 10% non-refundable down payment at the auction; balance due within 30 days. 2017 taxes paid by the seller. Possession with deed. 10% Buyer’s Premium will apply. The real estate is selling “AS-IS, WHERE-IS” and subject to all easements and restrictions, recorded or unrecorded. Buyer will be required to sign a waiver of any post-sale inspection rights sale day. Real estate selling subject to an existing deed description. Personal Property: Complete settlement at the auction. Payment by cash, check, Mastercard or Visa. Applicable sales tax will apply, tax exempt buyers must provide a resale certificate sale day to claim exemption. A 10% Buyers Premium will apply on the personal property.

Removal: Personnel and loader on site for loading two days after the auction.

Owner: Jack White

Contact David Chelf, Auctioneer, (270-791-5021), TN Auction Lic. #4340 and TN RE Lic. # 261737

Terry Garmon, (270-392-1170) Real Estate Broker TN Lic # 337768 and Auct. Lic # 6722

Firm License Numbers: #4555 and #257325