ABSOLUTE AUCTION
COMMERCIAL BUILDINGS AND APPROXIMATELY 13.2 ACRES (OFFERED IN 6 TRACTS)
SATURDAY, MARCH 31, 2018 – 10:30 A.M.
HWY 229 (BARBOURVILLE STREET) AND ARMORY STREET, LONDON, KY
LIVE – ON SITE AUCTION
DIRECTIONS: : From Interstate 75 Exit 38 in London, Kentucky, follow Hwy 192 East 2.2 miles and turn left / north onto Hwy 229 (Barbourville Street). Proceed approximately 1 / 4 mile to property on on both sides of Hwy 229. Auction signs are posted.
DESCRIPTION: This prime commercial property consists of 13.20 acres and is improved by a total of 6 commercial structures located on the property. The property is located on both sides of Hwy 229, just ¼ mile from the Highway 192 By-Pass with 1045 feet of road frontage on Hwy 229 and road frontage on other city streets. .
This prime commercial property is in the heart of London between Main Street and the By Pass, and is surrounded by businesses including restaurants convenience stores and retail.
Tract 1 - 0.90 acre improved by a large 2 story commercial building which has approximately 4200 square feet on the main level. The second level contains 4200 square feet and a ground level access to the rear of the building. This tract has 153 feet road frontage on Hwy 229 (Barbourville Street) and also has frontage on Day Lane in the rear of property.
Tract 2- 1.4 acres and 2 commercial buildings located on the East side of Hwy 229. The largest building features an office area with 4,680 +/- square feet and a garage/service area with a total of 7,701 +/- square feet. The garage / service area is divided into 3 sections. The first section has 3,380 +/- square feet and 5 large bay doors. The second has 2,961+/- square feet, 20 ft ceilings and 3 bay doors. The third has 1,360 +/- square feet with 2 overhead doors.
This property is also improved by an additional commercial building consisting of 2880 +/- square feet with a metal roof on it.Tract 2 features road frontage on Barrett Road and Hwy 229 (226 feet)
Tract 3 – It is located on the west side of Hwy 229and is mostly level to slight rolling.This vacant tract has 1.7 acres with 288 feet of road frontage on Hwy 229.
Tract 4 – It is located on the west side of Hwy 229 and is level to slightly rolling. It contains 1.9 acres with 288 feet of road frontage.
Tract 5 –6.4 acres located on the west side of Hwy 229 with 90 feet of road frontage on Hwy 229 and is improved by 3 large commercial buildings. One building is a metal sided equipment shed that is 30 feet deep x 328 feet long.The second structure is a metal building that is 120 x 60 which has 7200 square feet. The third building is a 40 x 100 metal building with a large covered shed on front.
Tract 6 – consists of 0.90 acre fronting on Armory Street with a road frontage of 200 feet and it joins Tract #5. This property has an older wood structure on it.
TERMS: 20% down day of auction, balance due in full within 30 days.
BUYER'S PREMIUM: A 10% Buyers Premium will be added to the high bids to determine the final sale price.
AUCTIONEER / BROKER / SELLER DISCLAIMER: The information contained herein is believed to be correct to the best of the auctioneer's knowledge. The information is being provided for the bidder's convenience and it is the bidder's responsibility to determine the information contained herein is accurate and complete. The properties are selling in their as-s condition with no warranties expressed or implied.
10% Buyer premium will be added to the high bids to determine the final sale price.