Auction Information
Successful B&B with Event Center on 35 Acres near Canton
MODIFIED SEALED BID AUCTION....THURSDAY, AUGUST 13 AT 12:00 NOON CDT....MODIFIED SEALED BID AUCTION
SUBMIT YOUR BID NOW!!!!!
SELLING ROCK HILL RESORT, A SUCCESSFUL BED AND BREAKFAST BUSINESS / EVENT CENTER AND THE REAL ESTATE. VIABLE BUSINESS OPPORTUNITY !!!!!!
This is the BUSINESS LIQUIDATION of a successful Bed and Breakfast with an Event Center. This property serves as a host to weddings, receptions, reunions, corporate retreats and visitors to the famous Canton First Monday Trade Days generating over $100,000 of revenue in 2014 and on schedule to do even more in 2015.
REAL PROPERTY: 33 total acres. The Main House has over 8000 of living space with 8 bedrooms, 7 full baths and 1 half bath with a Pool and Guest Cottage. The Event Center has an additional 5 bedrooms and 2 suites. Large yard for recreation and a pond.
FEATURES: Enjoy country living on a quiet road located just ...
FEATURES: Enjoy country living on a quiet road located just south of Interstate 20 and minutes from Canton, Texas famous for the First Monday Sale. Any minerals not previously retained will convey with the property.
MODIFIED SEALED BID AUCTION: The property will be offered for sale in a Modified Sealed Bid Auction format, conducted by a licensed Auctioneer. Sealed Bids must be submitted on the Modified Sealed Bid Form (MSBF) that is available on my website. Sealed Bid must be submitted by email and received no later than 12:00pm CDT on Thursday, August 13, 2015. From 1:00pm - 5:00pm on August 13th the 5 Highest Bidders will notified and informed of the Highest Bid received and given an opportunity to increase their original bid. Upon Seller Confirmation of the highest bid, at 6:00pm that day the Buyer will be announced. The property will sell "AS IS". It is the sole responsibility of a potential buyer to inspect and research the property prior to the auction. Complete Terms and Conditions are on our website.
TERMS: A 10% Buyer's Premium will be added to the high bid to constitute the total contract price. The 10% Buyer's Premium will be paid upon the execution of the Sales Contract. The balance will be due at Closing, on or before Tuesday, September 15, 2015 at 5:00pm CDT. Buyer is responsible to attain his or her own financing prior to closing.
REAL ESTATE AGENT INCENTIVE: Real Estate Agents are eligible to receive a 2% commission. Co-register with your Bidder on the MSBF. If they are the successful Buyer you will receive a 2% commission of the Auction Price and will be paid on the day of Closing.
MINIMUM ACCEPTABLE BID IS $500,000. (It is recommended to submit your highest offer to be eligible for the 5 High Bidder "call back" from 1:00pm to 5:00pm August 13, 2015.)
PRIVATE SHOWINGS ARE AVAILABLE PRIOR TO SUBMITTING A BID. CALL TO SCHEDULE AN APPOINTMENT.
CALL FOR ADDITIONAL INFORMATION AND DETAILS. CONTACT TONY LANGDON 214/876-5950
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From Dallas: Take Interstate 20 to Exit 521, remain on the Service Road to the 2nd stop sign. Turn right and go south 2.2 miles on CR 2142 to property on the left. 45 minutes east of Dallas just off I-20 near Canton, Texas