3349 & 3345 Latcha Road, Millbury, OH 43447 consists of 3 Wood County Ohio parcels. This real estate was a prior gas station. The pumps and tanks have since been removed. All 3 parcels will sell as one package. The current owner is a trucking firm that utilized the property as space for their trucking company to park their vehicles and use the hotel for their drivers. The options are unlimited for use with this rare opportunity.
Former Americas Best Value Inn as a motel located in the Toledo, OH metro area, conventionally located off I-280 and I-80/90. This 48 room motel was flagged under the ABVI name early 2016 from an independent motel, The previous owners completed a detailed renovation project in excess of $250,000. 3 bedroom 2 bathroom upgraded managers apartment located within motel.
Wood County Parcel numbers: H28-712-270000008000 (0.75 acres), H28-712-270000009000 (7.44 acres), H28-712-270000007000 (1.81 acres). Lake Township Rural, Unincorporated.
Total Yearly Property Taxes for all parcels: $14,548.44
Don Rose Auctioneer and Don Rose Auction and Realty are seller's agents only. The property will be selling in its current "as-is" condition with no contingencies of any kind. Buyers must be pre-qualified from local lender of provide proof of funds. Successful bidder will be required to provide this information upon execution of auction purchase contract. Successful bidder required to put down a $10,000 nonrefundable earnest money deposit in the form of a cashier's check made payable to Don Rose Auction & Realty with balance due 30 days from fully executed offer to purchase. 10% Buyer's premium will be added to the final bid to establish the contract price.
Auction Preview: Wed, June 25th @ 2:00 pm
$10,000 down from successful bidder in the form of cashier's check made payable to Don Rose Auction & Realty. 10% buyer's premium will be added to final bid to establish contract price. This is a Seller Confirmation auction. Closing to be held at Marsh & Rothenbuler Title, BG within 30 days of executed contract.
ON-LINE AUCTION TERMS & CONDITIONS
VERY IMPORTANT! READ CAREFULLY BEFORE YOU ATTEMPT TO BID. ONCE YOU BID, YOU WILL BE BOUND LEGALLY BY THE FOLLOWING TERMS AND RULES THAT ARE STATED HERE.
NOTE: This is a "soft close" auction. This prevents the item or items up for bid from being "sniped" from bidders in the last few seconds of the auction. In this case, the soft close is set to 2 minutes. This means that any bids that are placed in the last 2 minutes of the auction will automatically extend the auction an additional 2 minutes.
THERE IS A 10% BUYER'S PREMIUM IN EFFECT FOR THIS AUCTION.
GENERAL TERMS: Real estate selling as-is with no contingencies! The auction will be conducted by Don Rose Auctioneers, LLC d/b/a Don Rose Auctioneers (Auctioneer) on behalf of the owners of the property, referred to as the Seller. Auctioneer is not responsible for the acts or representations of Seller. The auction shall be governed by the terms set forth herein (the agreement), and any additional terms and conditions that are posted concerning the specific property. The Agreement constitutes a valid, binding contract between individuals participating in the auction with the intent to purchase property, referred to as the Bidder or Buyer, and Seller/Auctioneer. The term Bidder or Buyer shall include, but not limited to, the individual or the company represented by the individual and any and all of its agents, employees, representatives, officers, and directors. Auctioneer is not responsible for statements made by the Bidder, Buyer, or other parties. Auctioneer reserves the right to periodically change the terms and conditions of the Agreement, which shall be effective immediately upon posting. It is the Bidders responsibility to review any and all changes made to these terms and conditions prior to bidding on property. The act of submitting a bid shall constitute Bidder acceptance of each and every term and condition contained herein, any additional terms and conditions posted with the property, and any changes made within the full agreement. All persons attending, inspecting or removing property assume all risks whatsoever of damage or loss to person and property and specifically release the Auctioneer from all liability. Auctioneer is not liable by reason of any defect in, or condition of, the property or the premises on which the preview/sale is held. Auctioneer is released for any claims to actual damage to the property sold and/or consequential damages that may result from the sale of defective property.
This is seller confirmation auction. Last bidder will be notified concluding the auction.
