Because Time is Always of the Essence

Because Time is Always of the Essence

Brokerage Land Company Auction- 111 Acres in 8 Tracts

by Sheridan Realty & Auction Co.

When

Nov 30, 2010 - 7:00pm Eastern

Where

Blackman Township, Jackson County, MI Auction to be held at the Jackson Travelodge, 901 Rosehill Dr., Jackson, MI

Notes

-Former site of Sparrow Hawk Golf Course
-Pond, woods, and rolling meadows on Thompson Lake Drain
-Exceptional hunting and recreation possibilities
-Great potential for multi-use development

Inspection Dates:
Saturday, November 13 (11am-1pm)
Friday, November 19 (4-6pm)
On site, Tract #7, 2618 Seymour Rd
Walkover inspections are welcomed at any time between the hours of 9am to 6pm. Access to the property may be had from Seymour and O'Leary Roads.

You may bid on any tract, or any combination of tracts except that Tract #8 may only be bid in combination with an adjoining tract or bid upon by an adjacent land owner.

For more information, contact Brokerage Land Company, 800-837-0010.

Share this Auction

Conducted By

Sheridan Realty & Auction Co.

740 S. Cedar St.
Mason, MI 48854

517.676.9800

http://www.sheridanauctionservice.com

Contact the Auctioneer

740 S. Cedar St.
Mason, MI 48854
517.676.9800

Auction Listing

111 Acres

Offered in 8 Tracts

Blackman Township Jackson County

AUCTION: Tues, November 30 at 7pm

At the Jackson Travelodge, 901 Rosehill Dr., Jackson, MI

• Former site of Sparrow Hawk Golf Course             

• Pond, woods, and rolling meadows on Thompson Lake Drain

• Exceptional hunting and recreation possibilities       

• Great potential for multi-use development

Tracts ranging from 1.7 to 34 acres

Tract 1: 26±  acres of rolling land, planted with corn in 2010 with road frontage on O’Leary Road.  The east boundary of this Tract is the Thompson Lake Drain.   Great development potential. 

Tract 2: 34± acres of rolling ground partially wooded with a large pond.  The tract has frontage on O’Leary Road.  Superior building sites and also great for hunting recreation or for development. 

Tracts 3: 4± acre building site with frontage on Seymour and O’Leary Roads.  High rolling site with walk out potential. 

Tracts 4 & 5: 9± acres each with frontage on Seymour road.  Excellent for that large building site or in combination for a larger piece.  Great development possibilities.

Tract 6: 1.7± acre building site on Seymour Road.

Tract 7: 9± acres improved with a 1,700 ± square foot commercial building used as a golf course clubhouse and sales area with frontage on Seymour Road.  Highly visible tract with great potential.

Tract 8: 17± acre swing tract.  May be bid in combination with an adjoining tract or bid on by an adjacent landowner. 

Owner:  Sparrow Hawk Enterprises, Inc.

Sale Managers: Bob Simmons & Rhonda Nelson

Inspection Dates

Saturday, November 13 (11am-1pm)

Friday, November 19 (4-6pm)

(On site, Tract #7, 2618 Seymour Road )

Walkover inspections are welcomed at any time between the hours of 9am to 6pm. Access to the property may be had from Seymour and O’Leary Roads. 

You may bid on any tract, or any combination of tracts except Tract #8 may only be bid in combination with an adjoining tract or bid upon by an adjacent land owner. 

Property Directions

From I-94,  take the Elm Road Exit #141, go North on Elm Road to Seymour Rd. (1/10 mile), go East (right) on Seymour Rd ¾ mile to the property(2618 Seymour Rd.).

Auction Site Directions

From I-94 take the Elm Road Exit #141, go North on Elm Road to Rosehill Dr.(1/10 mile), go West (left) on Rosehill Dr. 2/10 mile to auction location (Jackson Travelodge, 901 Rosehill Dr.).

Inspect.  Arrange Financing.  Bid YOUR Price!

Procedure:  The property will be offered in 8 individual tracts, or any combination of tracts.  Tract 8 can be bid on only by an adjacent landowner or in combination with an adjoining tract.  Bids on tracts and tract combinations may compete, and there will be open bidding on tracts and combinations during the auction. The final bids, resulting with the highest sale price, will be presented to the Seller.

Down Payment:  10% down payment on the day of the auction with the balance in cash at closing.  The down payment may be in the form of cash, cashier’s check, personal check or corporate check.  Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

Acceptance Of Bid Prices:  Successful bidder will be required to enter Purchase Agreement at the auction site immediately following the close of the auction.  Final bid price is subject to the Seller’s acceptance or rejection.

Evidence Of Title:  Seller shall provide an Owner’s Title Insurance Policy in the amount of the purchase price.

Deed:  Seller shall provide a Warranty Deed.

Closing:  The balance of the purchase price is due at closing, which will take place December 30, 2010, or as soon thereafter as applicable closing documents are completed. Seller and Buyer(s) shall share 50:50 in closing cost charged by Title Company.

Possession:  Possession shall be given at closing on all tracts. 

Mineral Rights:  Sale shall include all of the mineral, oil and gas rights owned by the Seller.

Real Estate Taxes & Assessments:  Seller shall be responsible for all taxes and assessments billed on December 1, 2010 or before and Purchaser(s) shall be responsible for all taxes and assessments billed after December 1, 2010. 

Land Division Approvals:  Proposed land divisions have been discussed with Blackman Township and  conceptually approved.  Sale of property which involves newly created parcels, is subject to approval (per Section 108 of Land Division Act) from the Township.  Upon completion of the auction, which will determine any successful combination bids, final surveyed descriptions will be submitted to the Township for the completion of their review and approval process.

Acreage:  All acreages, dimensions and boundaries are estimations and have been determined based on the legal description.

Easements:  Sale of property is subject to any and all easements of record.

Survey:  AT THE SELLER’S OPTION, the Seller shall provide a new survey for any parcel where there is no existing legal description or where new boundaries are created by tract Divisions.  If a new survey is determined to be necessary by the Seller, the cost of the survey is to be shared 50:50 between Buyer(s) and Seller.  Any purchase made in combination will receive a perimeter survey only. 

Agency:  Brokerage Land Co. and its representatives are Exclusive Agents of the Seller.

Buyer’s Premium:  a Buyer’s premium of 10% of the successful bid will be assessed to the Buyer and added to the purchase price on the Purchase Agreement.

Disclaimer & Absence Of Warranties:  All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement.  The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company.  All sketches and dimensions in the brochure are approximate.  Each potential buyer is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property.  The information contained in this brochure is subject to verification by all parties relying on it.  No liability for the accuracy, errors or omissions is assumed by the Seller or the Auction Company.  Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.  The Seller and Selling agents, reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc.  All decisions of the auctioneer are final.

New Data, Corrections & Changes:  Please arrive prior to  scheduled auction time to inspect any changes, corrections or additions to the property information.


Property Directions: From I-94, take the Elm Rd. Exit #141, go North on Elm Rd. to Seymour Rd. (1/10 mi), go East (right) on Seymour Rd 3/4 mile to the property (2618 Seymour Rd.).

Auction Site Directions: From I-94 take the Elm Rd. Exit #141, go North on Elm Rd. to Rosehill Dr. (1/10 mi), go West (left) on Rosehill Dr. 2/10 mile to auction location (Jackson Travelodge, 901 Rosehill Dr.).