ABSOLUTE AUCTION
3 PRIME PROPERTIES
FRIDAY, MARCH 15, 2019 – 4:00 P.M.
AUCTION CONDUCTED AT LONDON COMMUNITY CENTER,
529 SOUTH MAIN STREET, LONDON, KY
The owners, G & G Farms, have authorized our firm to liquidate these properties at Absolute Auction.
PROPERTY #1: ABSOLUTE LIVE AUCTION
PRIME COMMERCIAL PROPERTY - APPROXIMATELY 1.75 ACRE (OFFERED IN 2 TRACTS)
1349 SOUTH LAUREL ROAD (U.S. Hwy 25 South), LONDON, KY
FRIDAY, MARCH 15, 2019 – 4:00 P.M.
DIRECTIONS: From I-75 Exit 38 in London, Ky, follow Hwy 192 / Bypass east 1.5 mile and turn right / south onto South Laurel Road (Hwy 25 South). Proceed approximately 1.4 mile to the property on right, across from Levi Jackson State Park Entrance, at the junction of Hwy 1006. Auction signs are posted.
DESCRIPTION: This commercial / investment property is strategically positioned on South Laurel Road directly across from Levi Jackson State Park entrance. It is conveniently located adjacent to the new Industrial Park and near downtown London. The property is zoned commercial and features approximately 399 feet of frontage along South Laurel Road and approximately 209 feet of frontage on Hwy 1006 (Old Whitley Road). It has access to all major city utilities including sewer, water, cable television, high speed internet and KU electricity.
This property is ideal for a wide variety of commercial uses. It is conveniently located within a mile radius of fast food restaurants, office complexes, retail stores, convenient stores, state park and other types of businesses on a high traffic corner with a traffic light.
This property will be offered in 2 tracts at Multi-Parcel auction.
Tract #1 contains 1.23 acres and features a commercial brick building with frontage on U.S. Hwy 25.
Tract #2 contains 0.52 acre and located on the corner of US 25 and Hwy 1006.
PROPERTY #2: ABSOLUTE LIVE AUCTION
APPROXIMATELY 8 ACRES
U.S. HWY 25 SOUTH, LONDON, KY
FRIDAY, MARCH 15, 2019 – 4:00 P.M.
DIRECTIONS: From I-75 Exit 38 in London, Ky, follow Hwy 192 / Bypass east 1.5 mile and turn right / south onto South Laurel Road (Hwy 25 South). Proceed approximately 1.8 mile to the property on right. Auction signs are posted.
DESCRIPTION: This approximately 8 acres is located on U.S. Hwy 25 South and features several hundred feet of road frontage in a high traffic area. It consists of low land with approximately 1.75 acre filled. This property was previously used as a storage for limestone gravel.
PROPERTY #3: ABSOLUTE LIVE AUCTION
APPROXIMATELY 24 ACRES
U.S. HWY 25 SOUTH, LONDON, KY
FRIDAY, MARCH 15, 2019 – 4:00 P.M
DIRECTIONS: From I-75 Exit 38 in London, Ky, follow Hwy 192 / Bypass east 1.5 mile and turn right / south onto South Laurel Road (Hwy 25 South). Proceed approximately 1/2 mile from property #2. Auction signs are posted.
DESCRIPTION: This approximately 24 acres is located on the corner of Court Road and U.S. Hwy 25 and features several feet of road frontage in a high traffic area.
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.
For a complete list of terms, view our website at www.fordbrothersinc.com.