REAL ESTATE AUCTION #2 

Going Concern Restaurant and Bar in Aguila, Arizona

Cunningham & Associates Real Estate, LLC

September 15, 2007 10:00 AM

NO RESERVE

NO BUYERS PREMIUM

online bidding for this auction available soon

SUBJECT PROPERTY

• Restaurant with real estate
• 49621 W. US 60, Aguila, AZ
• Maricopa County APN:  506-05-016-F  +/- 3.0 acres  Zoned R-43 and 506-05-016-H   +/- .57 acres  Zoned C-2   Building +/- 3,400 sq ft with +/- 1,000 sq ft Covered Patio.
• Legal Description:  See tax info. documents:  tax info #1, tax info #2
• This roadside café/restaurant has a #12 liquor license and restaurant equipment and is located approx. 23 miles west of Wickenburg.

• Current Tenant on Month to Month Lease.  Current tenant is doing well and would like to stay, but new lease would be required at buyer's discretion.

• approximate inventory list provided by seller, click here to download XL file note: multiple tabs and pages

TERMS:  $1,000.00 cash/cashier’s check deposit made out to Bidder in order to obtain a Bidder’s card.  This deposit is refundable to all unsuccessful bidders.  Balance of successful bid must be paid in cash or cashier’s check no later than 9/17/07, 12 PM.  All Bidders are encouraged to personally inspect the subject property prior to auction as this property will be sold “as is” and “where is”.  Close of escrow to occur on or before 9/25/07.  Lawyer’s Title shall be escrow company.  All closing documents must be signed and returned to title company no later than 9/21/07.  Buyer to pay all escrow fees/title fees/recording fees.    Bidders must conduct all due diligence to satisfy themselves prior to bidding, including on-site inspections, land investigations, and title searches.  Bidder understands Bidder is purchasing subject property in “as is” condition and as such waives his/her review and approval of seller disclosure statement.  Seller guarantees subject property will convey to Buyer free and clear of all liens and encumbrances.  Above information is deemed reliable, however it is the responsibility of each Bidder to confirm above information prior to auction. 

By signing below, the successful Bidder agrees to the above terms and conditions, waives all inspections/surveys after auctioneer says “sold”, and agrees to agency disclosure that Cunningham & Associates Real Estate, LLC represents the seller exclusively.

Please note:  Bidders must read the terms and conditions for each property they are interested in prior to auction as the deposit amounts and/or who the cashier’s check is made out to may be different for each property to be sold in auction.