Bidding starts at $180,000
Property Address: 312 & 316 S. Laura Ave., Wichita, KS 67211
Legal Description: THAT PART OF LOTS 2-3 BEG SE COR N/2 LOT 2 N 24.63 FT W 68 FT S 24.58 FT E 68 FT TO BEG & BEG SW COR N/2 LOT 3 N 24.63 FT E 88 FT S 24.69 FT W 88 FT TO BEG BLOCK B HUNTERS ADD & LOT 1 MARTIN MC CLURE ADD
Property Location: Near intersection of Waterman St & S. Laura Ave.
Directions: From Wichita- South on Laura from Waterman. Property is located on east side.
Open Houses: Monday, Aug 3, 2020 2-4 PM
Tuesday, Aug 4th, 2020 11 AM-1 PM
Property Description:Check out this rare opportunity for secured flex space adjacent to the Design District of Wichita! This property boasts ample office, conference/training rooms, significant storage in addition to approx. 3,300 SF of warehouse/light manufacturing space. Three 12′ overhead doors from the exterior, an additional enclosed space with its own overhead door and plenty of electric to service. Recent upgrades include fresh interior paint, a new roof in 2016 and secured fencing around the front perimeter. This property is within the Gilbert-Mosley District. All information deemed reliable, but is not guaranteed.
Minerals: Minerals are believed to be intact and transfer to Buyer.
Tax Information: 2020 Taxes will be prorated at closing based on 2019 taxes of $6,973.99 and split between Buyer & Seller
Easements: Buyer to accept any and all easements, restrictions, roadways and right-of-ways of records.
Manner of Auction: This is an Online Auction. Seller agrees to offer the property prior to auction and authorizes the brokerage to submit any offers. In the even an offer is accepted, brokerage will withdraw the property and cancel the auction. There is a 10% Buyer Premium. Auctioning as one property to the highest bidder subject to Seller approval.
Earnest Money: Earnest money for 10% of purchase price payable to Kansas Secured Title in the form of personal, business, cashier’s check or by wire the day after the auction close and will be applied to purchase at closing. Earnest money deposits are non-refundable. Your bidding is not conditional upon financing.
Closing Date/Location: Closing shall occur on or before September 10, 2020 at Kansas Secured Title, Wichita, KS.
Possession: At closing
Broker Participation: 3% paid to cooperating agent who registers their buyer in writing with Lange Real Estate 48 hours in advance of the starting date of online bidding. See Broker Participation form.
Click here: MLS Info on Lange Real Estate
This property is selling As-Is-Where-Is, in its present condition and will be accepted by the Buyer(s) without any expressed or implied warranties or representations from the Seller(s) or their agent(s). It is incumbent upon the Buyer(s) to exercise their own due diligence prior to bidding on this property. If the property has improvements of any kind. It is also the responsibility of the prospective Buyer(s) to have any and all inspections completed prior to the start of auction bidding including, but not limited to, roof, structure, termite, environmental, groundwater, flood designation, presence of lead-based paint and/or lead-based paint hazards, presence of mold or radon gas, electrical, mechanical, plumbing and any other desired inspections, if any. Information given is from sources deemed reliable, but NOT guaranteed by the Seller(s) or the Realtor(s). All documents will be made available online to prospective buyers prior to auction. If documents are not understood, broker recommends buyer to seek legal advice prior to bidding. Your bid participation acknowledges the acceptance of all documents. Announcements made online or orally prior to the auction will take precedence over any previous statements, printed material or oral information. Successful winning Bidder(s) will be required to sign all necessary legally binding purchase documents immediately upon conclusion of auction.
Listing Agent: Jordan Wuest