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REAL
ESTATE AUCTION
- Morro Bay, CA
FRIDAY, JUNE 28th, 2002, 11:00am
SOLD!
Click
Here For Acrobat PDF Version Of The Terms Of Auction
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| Subject |
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Commercial
Property |
Address
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231
Atascadero Road Morro Bay, California 93442 San Luis Obispo
County |
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Located |
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Next
to Two Freeway Off-Ramps |
| Lot
Size |
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60,000
sq. ft. ( Plus / Minus ) |
| Zoned
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Commercial-
Visitor Serving (C-VS) |
| Uses
Permitted |
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Hotel-
Motel-Restaurant-Service Station etc. |
| A.P.N. |
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065-182-005
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| Legal |
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Lots
6 and 7 in Block 24 of Atascadero Beach In the City of
Morro Bay, County of San Luis Obispo, State of California
( excepting- See long legal ) |
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AUCTIONEER'S
NOTE
EXCELLENT
OPPORTUNITY TO MAKE
A GOOD BUY AT AUCTION PRICES
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| TERMS
OF AUCTION |
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Terms |
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All
Cash at close of Escrow |
Auction
Deposit |
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$100,000.00
Cashiers Check required to bid
( No personal checks please) |
| Payable
to |
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Richard
A. Marshack,Esq. Chapter 7 Trustee |
| Escrow
Period |
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30
days |
| Escrow
Co |
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First
American Title Co. San Luis Obispo |
| Title
Insurance |
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First
American Title Co. |
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| Auction
Date |
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Friday,
June 28th 2002 - On Site |
| Auction
Site |
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231 Atascadero Road. Morro Bay , California |
| Auction
Time |
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11:00
A.M. |
| Deposit
Receipt And
Preliminary Title
Report |
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Immediately
at the conclusion of the auction the high bidder will
be required to sign Auctioneers Deposit Receipt and approve
the Preliminary Title Report in writing and no further
Contingencies will be required to close escrow. |
| Buyer's
Premium |
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Five
(5%) Percent Buyers Premium will be Added to the High
Bid. |
| Good
Title |
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Sellers Guarantee Good Title Title will be free and clear
of all Monetary Liens And subject to all Existing Covenants,Conditions
Restrictions,Rights of way, Zoning and any Assessments,if
any ,of record. |
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| Inspection |
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All
prospective bidders are urged to inspect this prime commercial
site prior to attending the auction and bidding. Buyer
acknowledges that he/ she has inspected the subject property
and have made their own investigation as to zoning etc.
and agrees to close the escrow. |
| Court
Jurisdiction |
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Buyer
consents to the jurisdiction of the United States Federal
Bankruptcy Court to enforce the Terms and Conditions of
this sale and to resolve any disputes relative thereto.
All offers are irrevocable and subject to approval of
the court. |
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| AUCTIONEERS |
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CREDIT
MANAGERS ASSOCIATION
150 El Camino Real (#220) Tustin, Ca 92780
Phone (714) 573-4488 Fax (714) 508-7965
www.cmaauctions.com
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