Important Information
PROPERTY HIGHLIGHTS:
THE PROPERTY IS BEING OFFERED FOR SALE BY PUBLIC AUCTION, UNDER INSTRUCTIONS RECEIVED FROM "PADDON + YORKE INC., COURT-APPOINTED RECEIVER OF THE PROPERTY OF BLACK LOON MILLWORKS INTERNATIONAL INC."
EXCELLENT INVESTOR/USER OPPORTUNITY
- 60,615 SQ. FT. (PER MPAC), ONE STOREY, FREE-STANDING INDUSTRIAL BUILDING ON 3.26 ACRES OF LAND.
- FORMER WOOD PRODUCTS MANUFACTURING PLANT OF BLACK LOON MILLWORKS INTERNATIONAL INC.
- CONC. BLOCK & STEEL FRAME CONSTRUCTION, W/ UP TO 20.5 FT. CEILING HEIGHT.
- INCLUDES A PAINT ROOM.
- MULTIPLE LOADING DOCKS, INCLUDING AN ENCLOSED TRUCK LEVEL BAY.
- LOCATED IN A 348 ACRE INDUSTRIAL PARK, 190 METRES FROM GREAT NORTHERN ROAD/TRANS-CANADA HWY. 17., W/ EXCELLENT ACCESS TO CANADIAN & U.S.A. MAJOR TRANSPORTATION ROUTES.
- FULL MUNICIPAL SERVICES, INCL. 3000 AMP., 600 VOLT HYDRO SERVICE.
- ZONING IS M2-MEDIUM INDUSTRIAL ZONE, PERMITTING MANY USES.
- BUILDING MAY SUIT MULTIPLE USERS.
- SAULT STE. MARIE, ONTARIO, CANADA IS SITUATED AT THE JUNCTION OF TRANSCANADA HWY. 17 & U.S. INTERSTATE 75, & IS JOINED TO SAULT STE. MARIE, MICHIGAN, U.S.A. BY THE INTERNATIONAL BRIDGE.
- APPROX. 290 KMS. WEST OF SUDBURY, 704 KMS. SOUTHEAST OF THUNDERBAY, 680 KMS. NORTHWEST OF TORONTO, AND 560 KMS. NORTH OF DETROIT, MICHIGAN.
IMPORTANT AUCTION INFORMATION:
- ONSITE PROPERTY INSPECTION IS ON WEDNESDAY MARCH 26TH., FROM 11 A.M. UNTIL 4 P.M. PRIOR TO THAT DATE, ONSITE INSPECTIONS CAN BE ARRANGED BY APPOINTMENT WITH TCL ASSET GROUP INC.
- A $10,000 REFUNDABLE CERTIFIED CHEQUE DEPOSIT IS REQUIRED TO BID.
- AN ADDITIONAL $25,000 DEPOSIT IS REQUIRED WITHIN 3 DAYS, FROM THE SUCCESSFUL PURCHASER.
- THE AUCTION IS SUBJECT TO A MINIMUM STARTING BID, AND TERMS AND CONDITIONS OF SALE.
Terms and Conditions
TERMS AND CONDITIONS OF SALE:The Real Estate is offered For Sale by Public Auction, As Is Where Is, & Subject to a Minimum Starting Bid of $750,000.00 CAD, and Subject to the Terms and Conditions of Sale contained in the Agreement of Purchase and Sale ·
A $10,000.00 certified cheque, payable to TCL Asset Group Inc., in Trust, is to be deposited with TCL Asset Group, at registration, day of auction, or prior, in order to bid on the Real Estate · Bidspotter.com Online Internet Bidders must have the required $10,000.00 deposit at TCL Asset Group's office no later than (1) day prior to the auction, along with properly executed Purchase Documents, in order to bid for the Real Estate Online · This deposit will be applied against the purchase price of the successful bidder and will be refunded to unsuccessful bidders, immediately after the auction ·
A further $25,000.00 deposit by certified cheque payable to TCL Asset Group Inc., in Trust, is payable within (3) days of acceptance · The balance of the Purchase Price is payable on closing within thirty (30) days, of acceptance · Cheques of unsuccessful bidders will be returned immediately after the auction · If not sold by auction, the Real Estate will be offered for sale by private negotiations, immediately after the auction ·
PLEASE NOTE:The auctioneer makes no warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make inspection of the Real Estate prior to the sale · Complete Terms & Conditions of Sale, and Property Information Packages, are available on request, at inspection, or on our website · Any published information is subject to written or oral amendment by the Auctioneer · Auctioneer’s announcements day of sale take precedence over published information ·