Greenhouses- Plastic:
-approx 54,432 sq ft
-(12) gutter connected 18x252 houses, double poly (needs replaced) over dipped galvanized frame
-three w/galvanized rolling benches
-five w/A-frame hanging basket racks & ground cover
-four open w/ground cover
-concrete walks in the benched houses
-built in 1981
-shade curtains
-49# snowload rating
Greenhouses- Glass:
-Approx 48,000 sq ft
-(6) individual houses, aluminum frames
-Two 36x200 built in 1949 w/ground cover
-Two 42x200 built in 1963- one w/ground cover only and one w/full galvanized rolling benches with bench heat and concrete walks
-Two 42x200 built in 1968 w/ground cover
Shipping/connector
-Approx 6,660 sq ft
-Two story double poly structure
-Built in 1983
-Concrete floor
-Also used for hanging basket overflow and small storage
-Also houses an office
-Two overhead doors and openings into the double poly houses and to the connector house which is also a double poly structure w/open interior
-Opens into the two newer glass houses and is attached to the service building
Service buildings
-Approx 8,800 sq ft
-Built in three stages from 1949-1968
-Steel trusses, block sides, insulated ceiling
-Opens into the four older glass houses
-20x75 pole type lean-to that houses a 20x40 walk in cooler, breakroom, and two restrooms
Site Improvements
-Two drilled wells (225’6”) and (150’5”) that serve as backup to city water
-City water and natural gas available from two directions
-Septic tank (no drainfield)
-3 phase electric
-Stone drives
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Terms and Conditions of Real Estate Auction<br>
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Smith Greenhouse Auction Carleton, Mi <br>
Tuesday, July 19, 2011<br>
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1. Bidding will remain open until the close of the auction. Bidding will be on a lump sum basis.<br>
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2. A Buyer’s Premium of 10% of the successful bid will be due from the Buyer at closing. Please take this into consideration when bidding. <br>
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3. Buyer(s) must be prepared to make a cash offer. No financing is available. Not being sold subject to buyer(s) obtaining financing. Buyer(s) must be capable of paying cash at closing.<br>
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4. 10 % (non-refundable) deposit must be presented upon signing this offer in the form of cash, certified or personal check. This earnest money deposit must be received within 48 hrs of the close of the auction. Balance of purchase price is due at close of sale, which shall be approximately 45 days after Auction Date, or as soon thereafter as applicable closing documents are completed. <br>
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5. Real Estate and all equipment is sold subject to Seller(s) acceptance or rejection. Auctioneers and sales agents reserve the right to negotiate final sales price on behalf of the seller.<br>
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6. All Sheridan Realty & Auction Co. Online Only Auctions are timed events that have an auto-extend feature. Any bid placed on an item within 5 minutes of the auction ending will automatically extend the auction for 5 minutes on that item. Example: If an auction scheduled to end at 6:00 pm receives a bid at 5:59 pm, the close time of the auction automatically extends to 6:05 pm. The auto-extend feature remains active on a per-item basis until no further bids are received within the 5 minute time frame.<br>
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7. Buyer acknowledges they are buying property in AS-IS condition, without inspections or contingencies.<br>
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8. By signing an offer, Buyers will be waiving the 10 day lead based paint test. <br>
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9. Possession shall be given to the successful Buyer(s) 60 days after auction date.<br>
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10. Taxes and Assessments billed after June 2011 shall be the responsibility of the buyer, there will not be a tax proration.<br>
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11. Real Estate is sold subject to any and all existing matters of record, and all easements, building use or zoning laws and regulations. <br>
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12. Real Estate is sold subject to tenant’s rights.<br>
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13. Earnest Money Deposit is non-refundable.<br>
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14. All acreages, dimensions, and boundaries are approximate and have been determined by legal descriptions.<br>
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15. The closing fee charged by Title Company will be shared equally between buyer(s) and seller(s)<br>
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16. Seller(s) will provide an owner’s policy of title and convey title with a covenant Deed.<br>
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17. Sheridan Realty & Auction Co. and their representatives are Exclusive Agents of the Sellers.<br>
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18. In order to be recognized as a buyer’s agent and receive co-op commission you must pre-register your buyers with the Auction Company 24 hours prior to the Auction Date. Agents who fail to pre-register their buyers will not be recognized as buyer agents and will NOT be entitled to a co-op commission. Broker cannot act as a principal and broker on the same transaction. Contact Sheridan Realty & Auction Co. for details.<br>
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19. The terms and covenants of the purchase agreement, including these additional terms (Exhibit A), shall survive closing and shall bind and the benefits shall inure to the heirs, successors, representative and assigns of the Parties.