Court Ordered Auction
Formerly Cornett Chrysler Commercial Property
Friday, April 12th, 2013 @ 9:00 a.m.
10 Cedar Grove Road (Hwy 52), Irvine, KY
By order of the Estill County Circuit Court Civil Action No. 11-CI-00187, our firm has been ordered in conjunction with the Master Commissioner to sell this desirable property for the high dollar.
This property offers:
v High Visibility with a traffic count of over 10,000 vehicles daily
v Over 13,000 square feet
v Hub of Commercial Activity
v 2.93 Acres
v Estill County water and sewer
v KU Electric
This commercial building has a 30 x 60 showroom with 4 attached, private offices, a 20 x 30 storage room with an office plus 2 restrooms. There’s also an additional 30 x 30 storage room with utility room and janitor’s closet.
There are stairs leading up to the parts and service departments with cashier’s offices, 2 restrooms and a customer’s lounge.
The shop/service area has 3 overhead garage doors, two measure 20 ft. wide and one measures 12 ft. wide. The service area measures approximately 58 x 170 with overhead heaters and ceiling fans plus an overhead exhaust system and a loading dock.
This property contains approximately 2.93 acres and fronts on KY Hwy 52 (Cedar Grove Road) as well as two additional roads.
AUCTIONEER’S NOTE: This property, being strategically located on KY 52, offers an abundance of uses such as: auto related, commercial repair shop, office space, storage, retail… you name it. Mark your calendar to attend this auction on Friday, April 12th at 9:00 a.m.
NOTE/PREVIEW DATE: For an appointment to view this property, please, contact Ford Brothers Auctioneers at 1-800-435-5454, logon to www.fordbrothersinc.com or attend the open house on Friday, April 5th from 1:00 p.m. – 4:00 p.m.
TERMS: 10% down the day of the sale, balance with 60 days.
Purchaser shall be required to execute a bond, with surety thereon acceptable to the Master Commissioner to secure the unpaid balance of the purchase price and sale bond shall bear interest at the rate of 12% per annum from the date of the sale until paid, and shall have the same force and effect as a judgment and shall remain and be a lien on the property until paid. The purchasers shall have the privilege of paying all of the balance of the purchase price prior to the expiration of the sixty (60) day period.
Announcements day of sale take precedence over printed matter.
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TERMS: 10% down the day of the sale, balance with 60 days. <br>
Purchaser shall be required to execute a bond, with surety thereon acceptable to the Master Commissioner to secure the unpaid balance of the purchase price and sale bond shall bear interest at the rate of 12% per annum from the date of the sale until paid, and shall have the same force and effect as a judgment and shall remain and be a lien on the property until paid. The purchasers shall have the privilege of paying all of the balance of the purchase price prior to the expiration of the sixty (60) day period.