Name Windsock Retreat Auction - Online www.windsockretreatauctio
Auctioneer Office Interiors Group, Inc.
Type Online-Only Auction
Date(s) 9/30/2016
2:00p.m.
Preview Date/Time By Appointment Only
Checkout Date/Time 3:00p.m.
Location 4206 FM1651
Canton, TX 75103
Buyer Premium 10% Buyers Premium
Description
Located just outside of Canton, Texas, is the Windsock Retreat – a pleasant bed and breakfast with a lovely pastoral setting. Featuring a 5,060± square-foot main house and 1,670± square-foot cottage, this inn is perfectly set up to host one large group, or two separate groups. With an easy drive from Dallas/Fort Worth, Louisiana, Arkansas and Oklahoma – and a Canton “First Monday” draw – this property is convenient from every direction. The time is now – don’t miss your chance to make this your next business venture or countryside escape! The Windsock Retreat is being offered turnkey for operation as a bed and breakfast, retreat center or accommodation facility with all guestrooms, dining room and meeting room furnished in both facilities. Most televisions, washers, dryers, refrigerators, freezer and zero-turn lawnmower are included. PROPERTY FEATURES 17.62± acres 5,060± sq ft main house 5 guestrooms + 1 large owner’s suite & 5 baths Spacious dining area Fully equipped kitchen for large group prep Massage studio and exercise room Combination conference & game room 1,670± sq ft cottage, 4 BR & 2 BA Accommodates up to 23 guests Facilities are prewired for satellite TV & Internet Convenient location 4 miles south of Canton Relatively level land Deep water artesian well, providing high-quality water to the property Native grass meadow with hardwood shaded areas Canton First Mondays attraction Van Zandt County Excellent business opportunity Fully self-supporting bed & breakfast for 7+ consecutive years
TERMS & CONDITIONS 10% Buyer’s Premium added to the winning bid price to determine total contract price. No minimum bid, final bid subject to seller’s confirmation Registration begins 1:00 August 1st, 2016 – $10,000 Refundable Cashier’s Check or Credit Card Cooperating broker participation is offered. Contact the auction company to register your client and receive the terms. Closing & payment: High bidder (purchaser) must remit 10% non-refundable payment of the total contract price on September 30th, 2016 to the title company. Balance to be paid at closing within 30 days. Purchaser must sign a non-contingency contract to close within 30 days of the auction date. Disclaimer: Acreage and square footage dimensions are based on information provided by seller and are believed to be correct; however, purchaser &/or purchaser’s agent/broker shall bear responsibility to confirm all calculations prior to the sale. Not available to residents of any state in which this real estate is not in compliance with the real estate laws of that state. All information provided or contained in a brochure was derived from sources believed to be correct but are not guaranteed. Franchise office independently owned and operated.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 2,500.00 USD
97,500.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 10% Buyers Premium
Payment Terms
TERMS & CONDITIONS 10% Buyer’s Premium added to the winning bid price to determine total contract price. No minimum bid, final bid subject to seller’s confirmation Registration begins 1:00p.m. August 1st, 2016 – $10,000 cashier’s check made payable to the bidder required to bid. Cooperating broker participation is offered. Contact the auction company to register your client and receive the terms. Closing & payment: High bidder (purchaser) must remit 10% non-refundable payment of the total contract price on July 16 to the title company. Balance to be paid at closing within 30 days. Purchaser must sign a non-contingency contract to close within 30 days of the auction date. Disclaimer: Acreage and square footage dimensions are based on information provided by seller and are believed to be correct; however, purchaser &/or purchaser’s agent/broker shall bear responsibility to confirm all calculations prior to the sale. Not available to residents of any state in which this real estate is not in compliance with the real estate laws of that state. All information provided or contained in a brochure was derived from sources believed to be correct but are not guaranteed. Franchise office independently owned and operated.