DUAL BID AUCTION
Sealed Bid Deadline: Tuesday, November 17th, 2015 @ 5:00 PM CST
Property Location: North and South Sides of US 51N/US 60W/US 62W, Wickliffe, KY 42087. From Wickliffe: Take N. 4th Street Then Turn Left US-51 N/US-60W/US-62 W/Green St And Proceed to Property. Signs Posted!
79.20 ACRES WITH MOORING RIGHTS IN 4 TRACTS & COMBINATIONS
ONCE IN A LIFETIME INVESTMENT OPPORTUNITY! 2500+ FEET OF MOORING RIGHTS ON THE MISSISSIPPI RIVER!
HUNTING, TIMBER & TILLABLE BOTTOM GROUND!
POTENTIAL ANNUAL INCOME OVER $65,000!
REAL ESTATE TRACTS: Tract 1* 48.91 Acres of Woodland. Tract 2* 1.02 Acres of Open Tillable Ground. Tract 3* 19.45 Acres of Open Tillable Ground. Tract 4* 9.82 Acres On The Mississippi River Front With 2500+ Feet Of Mooring Rights. **TRACTS 2 & 3 MUST BE COMBINED!
SUBMIT SEALED BID OFFER FORMS BY TUESDAY, NOVEMBER 17TH AT 5:00 PM CST
Seller Has The Option To Invite The Highest And Best Bids To A Private Oral Auction or Accept A Written Offer
AUCTION TERMS: * A 6% Buyer’s Premium will be added to the final bid and included in the contract price. Sealed Bid form MUST be submitted prior to deadline. Winning bidder will deposit 15% of the total contract price upon signing Purchase & Sale Agreement. Sealed bids MUST be accompanied by a deposit in the amount of five percent (5%) of the bid price in certified or bank cashier’s check. The initial down payment MUST be increased to fifteen percent (15%) at the Outcry Auction or upon acceptance of the winning did and at the signing of the Purchase & Sale Agreement. Balance is due within 30 Days of signing the Purchase & Sale Agreement. * A 6% Buyer’s Premium will be Added to the Final Bid and Included in the Deed Transaction Sale Price.