Loop 335 & S Osage St Land Auction

Preview TODAY 1 to 4 pm at Assiter Auction Facility

The property will be offered in 7 Tracts and Combinations

Auction to be held at Assiter Auctioneers Facility

Multi-Parcel Live Offsite Auction with Absentee Bidding on Individual Tracts Only


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Prime commercial land, located at the intersection of Loop 335 and S Osage Street, this 152+/- acre tract of land is being offered in 7 tracts and combos.  Tracts are 15 to 35 acres and are available and sold in our multi-parcel auction.  Buy one tract or buy them all!  The property has a tremendous amount of road frontage on both Loop 335 and S Osage. There is a sanitary sewer main on Osage Road. This location offers views of downtown Amarillo and is just a few miles from Interstate 40 and Interstate 27, Palo Duro, Trade Airport, Tradewind Airport and Comanche Rail Golf Course.  This property offers mixed use, prime commercial lots, agricultural ground, recreational ground, or build your dream home on acreage!

Property Map (click following link) 

http://mapright.com/ranching/maps/453bdc6f38b85ff3fc041a1038e61893/share

TRACT DESCRIPTIONS:
Tract 1 21± acres with S Osage St Frontage.  Approximately 465’ x 1,985'  

Tract 2 21± acres with S Osage St Frontage.  Approximately 465’ x 1,985'

Tract 3 15± acres with S Osage St Frontage.  Approximately 345’ x 1,985'

Tract 4 15± acres with S Osage St Frontage.  Approximately 345’ x 1,985'

Tract 5 20± acres on corner with Loop 335 & S Osage St Frontage.  Approximately 875’ x 1,000’

Tract 6 25± acres with Loop 335 Frontage.  Approximately 965’ x 1,140’

Tract 7 35± acres with Loop 335 Frontage.  Approximately 500’x 2,610’ 

OPENING BID:
$10,000 per tract 

PROPERTY LOCATION:
Corner of Loop 335 & Osage St, Amarillo, Texas. The property is located at the Intersection of Loop 335 and S Osage St. From the Intersection of I-27 and Loop 335 go East approximately 5 miles or from Interstate 40 & S Osage St go south approximately 6 miles.

AUCTION TIME & DATE:
10 am on Tuesday, October 17th

PREVIEW TIMES & DATES:

Property can be viewed sun up to sun down any day. 

AUCTION INFORMATIONAL DAY:
1 to 4 pm on Monday, October 16th at Assiter Auctioneering faciluty 

This time is set up for potential buyers to come and spend some time with our auction crew to discuss questions about the property and to spend some time discuss the Multi-Parcel auction meathod.  Please join us on this day to make sure your Assiter auction experience is a successful one.  
 

Surveys: 

The seller has contracted with Cornerstone Land Surveying to complete plat showing  all 7 parcel along with separate legal descriptions for each of the 7 individual tracts.  Each buyer will pay a survey fee of $650.00 plus tax per tract to be collected at closing.  

Misc:

1) Temporary fencing in numerous areas on the property belongs to current tenant and may be removed before closing.

2)Tract 6 does have existing water well but submersible pump on water well belongs to the tenant and may be removed before closing.

3) Per city of Amarillo web site, a sanitary sewer main is located along S Osage St.  Please verify accuracy and capacity with the City of Amarillo

4) Per city of Amarillo web site, water mains are located approx 1.5 miles away to the West and North.  Please verify accuracy and capacity with the City of Amarillo.

5) Portions of the property fall into the 100 yr. and 500 yr. floodplains.  Please see map with loactions of floodplain in documents and verify accuracy with FEMA. 

TYPE OF AUCTION:
Multi-Parcel Live Offsite Auction with Online Absentee Bidding on Individual Tracts. The property will be offered in 7 Tracts and Combinations. Bidders may combine any or all tracts in any grouping throughout the entire auction as well as post bids on any single-tract bid or combination bids already posted.

AUCTION LOCATION:
Assiter Auctioneers Auction Facility, 16650 Interstate 27, Canyon, TX 79015  Assiter Auction Facility is on the West side of Interstate 27 between Amarillo and Canyon, Texas. From Interstate 27 take Rockwell Road (Exit 111) and Proceed South 1/4 Mile on the Access Road. Assiter Auction Facility is on Right.

BUYERS PREMIUM:
10% Live Onsite Bidding and Online Absentee Bidding on Individual Tracts.
A Buyers premium will be charged on each purchase. A buyers premium, an advertised percentage of the high bid will be added to the high bid and become part of the purchase amount at settlement.

CONTACT:
Gary Holub 830.221.5550 or
Assiter Auctioneers 806.655.3900 Toll Free 800.283.8005

AUCTION TERMS & CONDITIONS

VERY IMPORTANT! READ CAREFULLY BEFORE YOU ATTEMPT TO BID. ONCE YOU BID, YOU WILL BE BOUND LEGALLY BY THE FOLLOWING TERMS AND RULES THAT ARE STATED HERE.

TERMS

GENERAL TERMS: The auction will be conducted by Assiter & Associates, LLC d/b/a Assiter Auctioneers (Auctioneer) on behalf of the owners of the property, referred to as the Seller. Auctioneer is not responsible for the acts or representations of Seller. The auction shall be governed by the terms set forth herein (the agreement), and any additional terms and conditions that are posted concerning the specific property. The Agreement constitutes a valid, binding contract between individuals participating in the auction with the intent to purchase property, referred to as the Bidder or Buyer, and Seller/Auctioneer. The term Bidder or Buyer shall include, but not limited to, the individual or the company represented by the individual and any and all of its agents, employees, representatives, officers, and directors. Auctioneer is not responsible for statements made by the Bidder, Buyer, or other parties. Auctioneer reserves the right to periodically change the terms and conditions of the Agreement, which shall be effective immediately upon posting. It is the Bidders responsibility to review any and all changes made to these terms and conditions prior to bidding on property. The act of submitting a bid shall constitute Bidder acceptance of each and every term and condition contained herein, any additional terms and conditions posted with the property, and any changes made within the full agreement. All persons attending, inspecting or removing property assume all risks whatsoever of damage or loss to person and property and specifically release the Auctioneer from all liability. Auctioneer is not liable by reason of any defect in, or condition of, the property or the premises on which the preview/sale is held. Auctioneer is released for any claims to actual damage to the property sold and/or consequential damages that may result from the sale of defective property.

DISCLOSURES/NO WARRANTY: There is no warranty offered, expressed or implied, by Assiter Auctioneers or Sellers for any property. All property are sold AS-IS, WHERE-IS, and with all faults and defects therein. ALL SALES ARE FINAL. All information provided is believed to be correct but NO warranty as such is either expressed or implied, including but not limited to the merchantability or fitness for a particular purpose. Bidder is solely responsible to determine condition, age, authenticity, value or any other determinative factor. Bidder inspection of the property prior to submitting a bid is strongly recommended. Auctioneer reserves the right to add or withdraw property from the auction, and/or regroup items. Auctioneer reserves the right to sell property absolute or with reserve, at Sellers discretion. The Seller does have the right to make the final bid and the Auctioneer does have the right to bid on behalf of the Seller. The auctioneer reserves the right to open the bid as the result of a tie bid or discrepancies in the bid. Buyer assumes full responsibility of property at time of purchase, and all risk of loss and damage to property. All titles will be assigned to buyer. NO OPEN TITLES.

BIDDER REGISTRATION: Bidder must be 18 years of age or older, and is required to register for the auction. In registration, Bidder must submit information found to be current, complete, and accurate for proper identification. Auctioneer does not sell or rent this information. Auctioneer uses email mailing lists to notify customers about online and live auctions. Customers who do not wish to be notified should contact the office of the Auctioneer and request removal from the email mailing list. Bidder is responsible for security of his/her bidding number/user name and password, and any and all bids placed under the assigned number/ID. Auctioneer should be notified immediately if Bidder believes number and/or password have been compromised. Auctioneer reserves the right to terminate registration, deny any person for any reason permission or access to bid, to reject any and all bids, and to suspend or ban Bidder from bidding, at Auctioneers sole discretion. Bidder registration is not transferable or assignable.

BIDDING: Bidder must register to participate in the auction. Read the descriptions of each lot and view photographs carefully. If you have any questions call Assiter Auctioneers at 806.655.3900. If you visit the viewing location, please personally inspect the property on which you intend to bid during the date(s) indicated in the details per item. Using YOUR knowledge and experience, form your own opinion of the property and bid accordingly. If you are in doubt, DO NOT BID. All items are sold AS-IS this is an AUCTION and all SALES ARE FINAL. Bids cannot be retracted and are binding contracts between Bidder and Auctioneer/Seller. Bidder is accountable to be informed about property and associated costs before bidding. A maximum bid can be placed on property. A maximum bid is kept confidential, and Bidder authorizes Auctioneer to place bids on his/her behalf up to the amount of the maximum bid. Upon sale of property, identifying information and purchase amount will be posted for a designated period of time. All questions or disputes must be resolved immediately; no changes or adjustments will be made at a later date. Auctioneer reserves the right to reopen bidding. Auctioneer decisions will be final.

BUYERS PREMIUM: A Buyers premium will be charged on each purchase. A buyers premium, an advertised percentage of the high bid or flat fee added to the high bid will be added to the high bid and become part of the purchase amount at settlement. Buyer agrees to these provisions and will pay the applicable buyers premium.

PAYMENT TERMS: Sales tax, when applicable, will be charged on both the purchase price and buyers premium. Taxes, fees, shipping, handling, insurance, storage and security charges are Buyers expenses, and will be calculated and rendered due at the sale of the property. Payment must be made in full by the Buyer, immediately upon the completion of the auction by VISA, MasterCard, Cash, Wire Transfer, Certified Check, Cashiers Check, or Personal/Company Check with Irrevocable Bank Letter of Guarantee. Upon making payment for property, no stop payment of funds will be honored, Any stop payment order of a check, or giving a check which is returned marked insufficient funds, shall be deemed by the parties to be a prima facie evidence of fraud existing at the time the transaction was consummated and shall be construed by the parties as intent to defraud. If you are from another country other than the US, you must pay in US funds.

REMOVAL OF PROPERTY / SHIPPING TERMS: Buyer assumes full responsibility of property at time of purchase, and all risk of loss and damage to property. Property will not be removed from sale premises until payment in full has been received. Any and all methods of lifting, towing, and/or hauling are the Buyers responsibility. Packing and shipping costs are the responsibility of Buyer and shall be conducted by a third party of choice. Seller and Auctioneer agree that property may remain on the sale premises for a period of time following the sale. Any and all methods of lifting, towing, and/or hauling are the Buyers responsibility. Packing and shipping costs are the responsibility of Buyer and shall be conducted by a third party of choice unless otherwise noted in the item specific terms. The final day of removal will be posted with property information. Any and all property not removed by Buyer by the final day of removal will revert back to the Auctioneer/ Seller, and may be resold at auction or disposed of in any other manner that seems to be suitable. US funds.

CHOICE OF LAW: The law of the State of Texas governs this agreement and venue is proper in Randall County, Texas.

ADDITIONAL NOTE: The following are property specific Terms & Conditions that are posted online with the individual property information and will override any likewise terms stated in this Agreement.

- Buyers Premium
- Sale Date and Time (Beginning and Ending)
- Inspection Location, Dates, and Times
- Final Date of Removal
- Shipping Arrangements
- Special Notes/Comments/Announcements

ONLINE BIDDING INFORMATION

If you are participating in an online auction, the following additional terms will apply to the Auction Terms & Conditions set forth above:

OBTAINING A USER NAME & PASSWORD: Click on the "View Auction & Bid" button on the seclected auction and then the "Login/New Bidder" button. Follow the instructions. Its easy! If you need assistance feel free to contact Assiter Auctioneers at 806.655.3900.

BIDDING IN THE ONLINE AUCTION: Once you are registered and have your User Name & Password, you may place bids as soon as a lot opens for bidding. Your bids are FINAL and constitute a binding contract. Please be aware that lots will close at various times and possibly different days and may be extended. You are responsible for monitoring these close times. Please bid early to avoid disappointment.

Bidder acknowledges that hardware malfunctions, software malfunctions, viruses, and similar issues do occur and are beyond the knowledge, scope, and control of Auctioneer. We are NOT responsible for your system malfunctions, connection to the internet or your e-mail client stopping any of our e-mails to you in regard to bid confirmations and/or outbid notifications.

All lots for the auctions must be paid for within 48 hours of the conclusion of the auction. An invoice will be sent to your registered e-mail address within 24 hours following the conclusion of the auction. Once you have received the e-invoice contact us immediately and let us know your payment method. If payment is not received within 72 hours from the auction you agree that all accounts due will be charged to your credit card with a 3.5% fee.

The Auctioneers are licensed in the State of Texas, regulated by the Department of Licensing and Regulation and are covered by a Recovery Fund administered by the Department. If you have unresolved complaints notify: Texas Department of Licensing and Regulation (TDLR), PO Box 12157, Austin, Texas 78711 (512) 463-5522.


Revised 10/1/2012