SEALED BID AUCTION IN ALLEN COUNTY, INDIANA

747 N. Coliseum Blvd., Fort Wayne, Indiana - Allen County

Owner: Riverview, Inc. Mon, Nov 18, 2019 EASTERN

AUCTION IS OVER

• SEALED BID AUCTION • Restaurant, Bar & Snack Bar Area • 16,000 Sq. Ft. Bowling & Rec Center on 9.5+/- Acres • 28 ft. x 46 ft. Metal Building • 20 ft. x 50 ft. Metal Building • 18 ft. x 40 ft. Lean To • Sale Includes an Indiana Alcoholic Beverage 3 Way Liquor License & Carry-Out License


OPEN HOUSE/INSPECTION DATES

Contact auction manager for private showing

PROPERTY LOCATION

747 N. Coliseum Blvd., Fort Wayne, Indiana

PROPERTY DESCRIPTION

  • 16,000 Square Foot Bowling & Rec Center, Restaurant, Bar, And Snack Bar Area
  • Plus A 28 ft. X 46 ft. Metal Building
  • A 20 ft. X 50 ft. Metal Building
  • 18 ft. X 40 ft. Lean To
  • Total Land To Be Offered With This Property Is 9.5+/- Acres
  • Sale Includes An Indiana Alcoholic Beverage 3 Way Liquor License And Carry-Out License

    BOWLING CENTER:
  • 12 lane bowling alley with (12) brunswick A2 pin setting machines
  • DJ sound systems and amps with many lighting and sound effects machines
  • 28 foot round service counter with shoe storage underneath
  • 22 foot snack bar with lincoln impinger, stainless counters and coolers
  • 20 round stainless tables with stainless chairs and stools
  • Brunswick kegel lane machine
  • Mens locker room with 23 wood lockers
  • Womens locker room with 12 wood lockers

    BAR & RESTAURANT:
  • 12 ft. bar with bar stools plus round tables and chairs
  • 8 ft. back bar with keg coolers underneath
  • True coolers and freezers
  • Stainless sinks and tables
  • kitchen and snack bar:
  • True upright coolers and freezers
  • Hobart dishwasher
  • Stainless tables and appliances
  • Manitowoc ice maker
  • Display coolers
  • Double deep fryer and griddle


    AREA MAP

    • TRACT MAP(S)

    PROCEDURE: The property will be offered via a Sealed Bid Auction. It will be offered as one complete package to include Real Estate, Equipment, Fixtures, and the Beverage Three Way License. DOWN PAYMENT: $25,000 down payment on the day of auction, with the balance in cash at the closing. The down payment may be made in the form of cashiers 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.

    BID PACKET AND BIDDING PROCEDURES: A Sealed Bid Packet with all bidding procedures is available to download at www.schraderfortwayne.com.

    ACCEPTANCE OF BID PRICES: The successful bidder will be required to enter into a Purchase Agreement at the auction site. The final bid price is subject to the Sellers acceptance or rejection.

    EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

    DEED: Seller shall provide Warranty Deed(s).

    CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before December 31, 2019 .

    POSSESSION: The possession shall be delivered immediately after closing, subject to the continued use of the bowling center till end of current leagues season.

    REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with taxes due in spring 2021 and thereafter.

    PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

    ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

    SURVEY: The Seller shall provide a new perimeter survey. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

    AGENCY: Schrader Real Estate & Auction of Fort Wayne, LLC. and its representatives are exclusive agents of the Seller.

    DISCLAIMER AND 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 bidder 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 its 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 persons credentials, fitness, etc. All decisions of the Auctioneer are final.

    ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

    Auction Brochure

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