Absolute Auction of Monroe Pallet Co. and Logging Yard

Absolute Auction

Monroe Pallet Company’s

Properties

Saturday, December 1, 2012 at 10:00 a.m.

Tracts 1 and 2 – Charles Elgin Road, Eubank, KY

(To Be Sold from Location of Highway 70 Properties at 10:00 a.m.)

Directions: From Somerset, take Highway 39 approximately 12 miles to Charles Elgin Road on left. Proceed approx. ½ mile to auction site. Auction signs are posted.

Tract 1: Contains 1.45 acres and is improved with an older mobile home. If you’re looking for an income-producing rental or a residential property, look no further.

Tract 2: This spacious tract totals 6.51 acres and was utilized as a logging yard. This tract would be ideal for continued use as a logging yard or storage.

Tracts 3 through 7 – Highway 70, Eubank, KY

(Selling onsite beginning at 10:00 a.m.)

Directions: In Eubank, turn west onto Highway 70. Continue straight on Hwy 70 at the 4-way stop approximately 3 miles to property on right. Auction signs are posted.

Tracts 3, 4 and 5: These tracts measure 1.41, 1.10 and 1.13 acres each, respectively. If you’re looking for a lot for building or a mobile home site, here are 3 each with frontage along Highway 70. 

Tract 6: Contains 3.74 acres improved with a 2-bay garage that would be an excellent body shop, large enough to accommodate tractor-trailers.  This tract has 125 feet of frontage along Highway 70.

Tract 7: This tract contains 16.84 acres with access from Highway 70. This tract is improved with a house (with partial basement) that had been used as an office. In addition there are also 3 large buildings. This property is ideal for easy-access semi-loading as it offers a nice dock with plenty of room.  This property offers ideal commercial buildings, storage, logging potential, or residential potential.

AUCTIONEER’S NOTE: Very seldom do you have the opportunity to purchase such a well-established location at absolute auction. You will have the opportunity to purchase building lots, homes, rental property, as well as commercial properties all selling to the last bidder.

NOTE: This will be a multi-parcel absolute auction giving each and every prospective purchaser the ability to purchase or all tracts or combination of tracts.

NOTE: Immediately following the sale of the real estate, Tri-State Auction & Realty will be selling equipment & vehicles including sawmills, dry kennels, forklifts, semi trucks and trailers, and many other logging-related equipment.  For questions on these items, call Tri-State at 1-800-334-4395.

TERMS: 20% down the day of the auction with the balance due in full within 30 days.

Note: The purchaser of a single-family residence built before 1978 has a period of ten days to inspect the property for the presence of lead-based paint. The inspection period is November 21, 2012 through November 30^th. The successful bidder must sign a waiver of the ten-day post-inspection period.

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 selling are selling in their ‘as-is’ condition with no warranties expressed or implied.

Announcements made the day of the auction take precedence over printed matter.

For additional information contact the auctioneers.