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GONE! Absolute Land Auction – Branson, MO – Online Bidding Only

Two 25-Acre Tracts in Branson, MO Sell Online with No Reserves!

50 +/- acres of prime development land sells regardless of price! Part of Commerce Park, a 350 acre master planned development in Branson, MO. Zoned multi-family. Between residential and commercial tracts. No minimum bid! Buy one or both!

ONLINE BIDDING ONLY
Began: 11/06/13 at 7:00 PM CST
Ended: 11/13/13 at 7:00 PM CST

Branson Commerce Park

A 350-acre master-planned mixed-use development, Branson Commerce Park is strategically located within a day’s drive of over 30% of the US population. In addition to the two 25-acre multi-family parcels selling in the auction, the development includes a range of commercial sites and single family neighborhoods. It boasts $20 million of invested infrastructure including roadways, redundant electric service, CenturyLink high speed fiber optics, and natural gas. It is a “Missouri Certified Site” with “Enhanced Enterprise Zone” (EEZ) tax benefit status. Prime location on the north side of Branson, MO, 20 minutes from the Branson Airport and minutes from well-known Branson attractions and amenities.

LOT DETAILS

Lot 38:

  • 24.65+/- acres
  • Located on the North side of Park Boulevard
  • Zoning — Any use permitted in the Multiple Family Residential District.  Allowed density is 12 per acre for townhomes or lesser uses, or 16 DU per net acre for apartments. (Includes apartments, townhomes, 2-4 plex units, patio homes and zero lot line homes.)
  • Annual CID assessment = $122,414 (2013 due 12/31/13 and to be paid by buyer)
  • Property taxes estimated to be $90 in 2013 (due 12/31/13 and to be paid by buyer)
  • Previous listed price = $1,200,000
  • Auction reserve = None.  Absolute auction.

Lot 39:

  • 25.69+/- acres
  • Located on the South side of Park Boulevard
  • Zoning – Any use permitted in the Two Family Residential District.  Allowed density 8 DU per net acre.  (Includes twin homes, single family homes, patio homes, cabins and zero lot line homes.)
  • Annual CID assessment = $127,582 (2013 due 12/31/13 and to be paid by buyer)
  • Property taxes estimated to be $90 in 2013 (due 12/31/13 and to be paid by buyer)
  • Previous listed price = $1,250,000
  • Auction reserve = None.  Absolute auction.

Branson, MO

Located right in the heart of the United States, Branson is the shopping hub for the region and an entertainment mecca for the nation. It combines the advantages of a small town lifestyle with the convenience, amenities, educational opportunities and available workforce of a major city. A growing population of 75,000 year-round residents calls the area home and over 7 million people visit annually.

Table Rock Lake

…stands apart from other regional lakes because of its pristine shoreline (nearly 800 miles) and sparkling water (52,300 acres). Development standards have placed a high priority on preserving the scenic beauty and natural shoreline, bluffs and forests. Table Rock is nationally recognized as a top bass fishing lake and its clear waters make it a natural playground for boaters, skiers, parasailers and even divers.

Note from the Auctioneer:

The sellers of these two properties have elected to narrow their focus to the residential portion of this development. As they continue to develop Parkview Terrace Estates, they have decided to sell these two outstanding 25-acre tracts with no reserve.  With combined previous list prices of nearly $2.5 million, the opportunity to buy these parcels at absolute auction is remarkable. Log on and bid your price!

Inspections:

Drive the property at your leisure.

Bidding:

All bidding will take place online at www.CatesAuction.com.  Bidding opens on both tracts Wednesday, Nov. 6th at 7:00 pm and will begin to close Wednesday, Nov. 13th at 7:00 pm.  (“Soft close” feature automatically extends the bidding when a bid is placed in the last two minutes.)  Need help? Feel free to call 816-781-1134 for assistance in registering and/or bidding online.

Summary of Terms:

Online bidding only.  10% buyer’s fee.  10% non-refundable deposit; balance due in 30 days at closing.  Buyer to pay entire 2013 assessments and property taxes.  Properties sell as-is, without contingencies, free & clear of other liens.  No warranties express or implied except those stipulated in the Real Estate Sale Contract.  For complete terms and conditions visit www.CatesAuction.com and/or request a Property Information Package.

All information provided by Seller.

“ONLINE ONLY” BIDDING

AUCTION TERMS AND CONDITIONS

REGISTRATION:

Proper and complete online registration is required to bid. All bidders must provide name, address, phone number, and email address to register. A credit card (MC or Visa) is required to actually place a bid on the property. The credit card will be validated before bidding access is granted, but is not a recognized form of payment of the deposit or purchase price. Should a Winning Bidder fail to complete the contract signing process, the required deposit will be charged to the credit card provided at registration. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Bidders may register prior to, or during the bidding period. At registration bidders are given the option of receiving emails confirming their individual bids and/or when they are outbid.

BIDDING ONLINE:

The only way this property may be purchased is via online bidding during the published bidding period. (If you need assistance placing a bid or prefer to submit a bid in person, please call our office for assistance. 816-781-1134) To place a bid, bidders enter their “maximum” bid and click the “Place Bid” button. Each time that bidder is outbid by another bidder, the system will automatically bid on their behalf at the established bid increments up to their maximum. The Auctioneer does not know any bidder’s maximum bid.  The system will not advance a bidder’s own bid. Online-only auctions utilize the “Soft Close” feature that automatically extends the bidding time if a bid is received in the last 2 minutes of the published bidding period. The extensions will continue until 2 minutes have lapsed without any bidding activity, at which time the auction is concluded.

BUYER’S PREMIUM:

A buyer’s premium of ten percent (10%) of the high bid shall be added to that bid and included in the total purchase price to be paid by the successful bidder(s).

Sample calculation —   High bid                    =          $50,000

                                 Buyer’s Premium        =          $  5,000  (10% of 50,000)

                                 Total purchase price    =          $55,000

FINANCING:                                                                                                                     

Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.

CONTRACT SIGNING:

At the conclusion of the auction the high bidder will receive an email confirming his or her winning bid status. In this or a subsequent email, all documents requiring signatures, including the filled out Real Estate Sale Contract will also be sent. The Auctioneer or his representative will contact the Winning Bidder the following morning to make final arrangements. The signed documents and required deposit (see below) must be delivered to the Auctioneer by close of business on the day following the auction conclusion. (Auction office: 1440 Iron Street, North Kansas City, MO 64116). Winning Bidders whose documents and deposit are not received within the required timeframe are subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Cates Auction & Realty auction events. Note that property-specific purchase documents are available prior to the auction end date and any professional reviews of such documents should be undertaken PRIOR to bidding.

DOWN PAYMENT (DEPOSIT):

The Winning Bidder shall be required to make an earnest money down payment equal to 10% of the total purchase price. This deposit must be paid by wire transfer or by certified funds, by close of business the day following the bidder being declared the Winning Bidder. All deposits are made directly with the title company named in the Real Estate Sale Contract. Winning Bidders whose documents and deposit are not received within the required timeframe are subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Cates Auction & Realty auction events.

CLOSING:

The Winning Bidder shall close within 30 days of the auction date, unless stated differently in the Purchase Agreement. Possession will be delivered at closing subject to any remaining rights of the current tenant(s).

EVIDENCE OF TITLE:

Seller shall furnish at seller’s expense an Owner’s Policy of Title Insurance in the amount of the total purchase price and shall execute a general warranty deed conveying the real estate to the buyer(s).

REAL ESTATE TAXES & ASSESSMENTS:

Buyer to pay entire 2013 assessments and property taxes

EASEMENTS AND LEASES:

Sale of said property is subject to any and all easements of record and any and all leases.

AGENCY:

Cates Auction & Realty Co., Inc. and its representatives are Exclusive Agents of the Seller.

BROKER PARTICIPATION:

A commission of 3% of the high bid will be paid to any properly licensed Broker who registers a successful buyer according to the appropriate Broker Participation Agreement. This form is available from the Auction Company and must be completed and returned no later than 48 hours prior to the auction end date.

DISCLAIMERS AND ABSENCE OF WARRANTIES:

The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it.  All sketches and dimensions are approximate.  No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an “AS IS”, “WHERE IS” basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement.  Property available for and subject to sale prior to auction.

PRE-AUCTION SALES:

As exclusive agents for the Seller, the Auctioneer has a fiduciary obligation to present any and all offers to the Seller. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all auction terms and be submitted to the Auctioneer on the Real Estate Sale Contract along with the required deposit. Properly submitted offers will be presented to the Seller, who may accept, or reject such offer in their sole and absolute discretion.

We hope you enjoy bidding in the online auction!

From US 65, west and then north on Hwy 248 (Shepherd of the Hills Expwy) approximately 4 miles to Buena Vista Drive, west to Commerce Way, turn left and then right to the traffic circle. Take Park Blvd. west/northwest from the traffic circle to Lot 38 on the right and Lot 39 on the left.

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We are Kansas City's oldest and most experienced real estate auction company specializing in accelerated real estate sales in Missouri and Kansas, including Overland Park, Lenexa, Shawnee, Leawood, Kansas City, Lee's Summit, Olathe, Blue Springs, Independence, Liberty, Kearney, Parkville, Smithville, Gladstone, Clay County, Platte County, Jackson County, Johnson County, Wyandotte County, Leavenworth County, Cass County, Lake of the Ozarks, Lake Ozark, Sunrise Beach, Osage Beach, Four Seasons, Shawnee Bend, Miller County, Camden County, and around the Midwest. Kansas City auctioneers with regional expertise!