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The Carriage Place Banquet Facility Auction

The Carriage Place Banquet Facility Auction

Sturgis, MI

Owner: Natalie & Mark Mercer Mon, Jun 28, 2010 EASTERN

AUCTION IS OVER

• 2 Options to Buy • Building has Many Uses


OPEN HOUSE/INSPECTION DATES

Sat., June 5 from 10-11:30 AM &
Mon., June 14 from 10-11:30 AM
Meet a Schrader Rep. at the Carriage Place.

PROPERTY LOCATION

1015 N. Centerville Rd., Sturgis MI 49091. Take US 12 to Sturgis and go North on Centerville Rd. 1 mile. Or M 66 to Wait Rd.(north side of town) go West 3/4 mile to Centerville Rd. then South 3/4mile. Across from Kirsch Municipal Airport - Watch for signs.

AUCTION LOCATION

On site.

PROPERTY DESCRIPTION

THE CARRIAGE PLACE BANQUET FACILITY
2.7± Acres, over 6700± sq. ft. Building plus private patio of 1568± sq. ft. and 800± sq. ft. basement for approx. 9200± sq. ft. usable space. 4800± sq. ft. main hall with a sound proof divider, Large office/conference room, two sets of large rest rooms, large modern kitchen, kitchen storage room, office/storage room, 2 Large Entry ways, 600± sq. ft. Dance Floor, 800 sq. ft. Buffet and Bar area.

TRACT DESCRIPTIONS

Tract 1: 2.7± ac TRACT 1: COMPLETE FACILITY WITH MODERN SS KITCHEN, EVERY THING 2003 OR NEWER With 3 Commercial Sized York Hvac systems, Absoluteaire System, American Range 6 burner stove with grill top, broiler, dual Conventional Ovens
American Range Majestic Double stacked Convection ovens
Cold Tech 4 door Cooler/Freezer
3 tub SS Sink
Hand Sink
Proofer
Panasonic Microwave
Misc. Sterno Pans many sizes shallow, deep and divided inserts
SS tables
Rubber Maid rolling carts
Misc. utensils pots and pans
water pitchers, bowls, serving tray stands and many more items. TABLE SERVICES: Services for approx. 250 guests includes dinner, salad, dessert, plates, cups and saucers
Fine China
24k gold rimmed dinner service full sets for approx 75 guests
approx. 250 water Goblets
approx. 250 Lead Crystal water goblets, on the rocks glasses and Champagne Flutes
approx. 250 flatware sets
40 Lifetime round 5’ tables
8 Lifetime 6’ and 8’ banquet tables
320 Tapestry custom made banquet chairs PATIO EQUIPMENT: round tables and chairs for up to 48 guests DECORATIONS: All holidays, fall and florals, glass center pieces, candle vases, center pieces mirrors, fabrics many colors Tulle and Satins, pillars, statues, many misc lighting items
Sign custom elec. with letters recently installed.

Tract 2: 2.7± ac 2.7± ACRES, BUILDING AND IMPROVEMENTS less all equipment list on Tract 1 this building would have many uses other than a banquet hall. Restaurant, Church, Community Center, Funeral Home, Day Care, Retail, Light manufacturing, the list could go on and on.


AREA MAP

Satellite area map of the auction location near Sturgis, MI

TRACT MAP(S)

Tract map - The Carriage Place Banquet Facility Auction

AREA MAP(S)

Area map - The Carriage Place Banquet Facility Auction

PROCEDURE: All properties will be subject to the acceptance or rejection by the Seller. All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction.

DOWN PAYMENT: 10% of the accepted bid price as down payment on the day of auction with the balance in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

BUYER’S PREMIUM: A 4% Buyer's Premium will be added to the final bid price and included in the total contract purchase price.

DEED: Seller shall provide Warranty Deed(s).

EVIDENCE OF TITLE: The Seller will pay the expense of an Owner's Policy of Title Insurance in the amount of the purchase price.

CLOSING: The closing shall take place on or before August 6, 2010 as applicable closing documents are completed by Seller. All closing costs shall be split 50:50 between Buyer(s) and Seller.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Prorated to the day of closing.

ACREAGE AND TRACTS: Acreages are approximate and have been estimated based on current legal descriptions and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.

SURVEY: The Buyer(s) and Sellers shall split 50:50 the expense for any survey. Any need for a new survey shall be determined solely by the Seller.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled to help in your investigation of the property and will be staffed with auction personnel.

AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc. All decisions of the Auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

STOCK PHOTOGRAPHY: Some pictures are for illustrative purposes only.

NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections or additions to the property information.

None at this time