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REAL ESTATE AUCTION – STOCKDALE MILL

Start:
November 14, 2014 11:00 am
Address:
Canada

AUCTION SALE
REAL ESTATE AUCTION
THE OLD STOCKDALE MILL
1914 STOCKDALE ROAD
STOCKDALE, ONT.
FRIDAY NOVEMBER 14TH AT 11:00 AM
( ON SITE)
2 miles WEST of Frankford on County Road 5 and turn SOUTH onto Stockdale Road

Selling subject to a reasonable reserve.
Unique picturesque property consisting of approx 1.27 acres fronting on Cold Creek with a view of the dam and mill pond.
3 different zonings make up this property- Commercial including Gristmill and outbuildings, residential lot attached at the north of the property and an Environmentally Protected area along the edge of Cold Creek.
Property includes recently upgraded Gristmill that has been transformed into The Stockdale Mill Restaurant.

The restaurant has now been closed and all commercial equipment has been removed.

Floor plan consists of kitchen area, split level bar and dining area and upper level living quarters with bedrooms, bathroom and office.
Several renovated outbuildings, parking area and attached lot zoned residential.
See www.sullivanauctions.com for details and buyers info package.
TERMS – $50,000 DEPOSIT DAY OF SALE BY CERTIFIED CHEQUE made payable to Robert Sullivan and Sons Auctioneers Limited- balance due in 30 days.
OWNER & AUCTIONEER NOT RESPONSIBLE FOR ACCIDENT OR INJURY DAY OF SALE
SULLIVAN AUCTIONEERS
Plainfield 613-477-2082
www. sullivanauctions.com for photos

PROPERTY DETAILS

STOCKDALE MILL
1914 STOCKDALE ROAD
STOCKDALE ONTARIO.
MURRAY WARD
QUINTE WEST.

This property is known as the Old Stockdale Mill and consists of recently renovated and upgraded Gristmill with several restored outbuildings and parking area.
The property fronts on Cold Creek with a view of the flowing dam and millpond. Part of this property is zoned commercial with a zoned residential lot attached to the north. An environmentally protected area exists at the waters edge of Cold Creek

Most recently operated as The Old Stockdale Mill Restaurant the floor plan consists of a kitchen area, 2 level bar/dining area and private upstairs living quarters with bathroom, bedrooms and office.

Recent upgrades include

200 amp electrical service installed, natural gas heating, restaurant worthy septic system, Health Department approved water supply, board and batten exterior with ash plank side deck overlooking the dam.

LEGAL DESCRIPTION
PARCEL 1 ( PIN# 51181-0119)
PT LT 3 CON 6 MURRAY: PT LT 1 W/S MILL STREET, 2 W/S MILL ST.60 PL90 MURRAY; PT MILL ST PL 90 MURRAY: QUINTE WEST

PARCEL 2 (PIN # 51181-0583)
LTS 3& 4 W MILL PL 90 MURRAY, PT LTS 5 &4 SW MILL PL 90 , PT LT 3 CON 6 MURRAY;EXCEPT PTS 1 AND 2 39R8431; QUINTE WEST

TAXES $2971.39

TERMS AND CONDITIONS

This property is being offered for sale by public auction subject to reasonable reserve bid

It is understood that all potential bidders should with them that day have in their possession from a recognized financial institution proof of their ability to complete the transaction, and supply that proof to the auctioneer upon registering for the auction previous to the auction beginning.

If the property is sold the following terms and conditions shall apply.

1. The purchaser shall execute an agreement of purchase in the form provided by the auctioneer immediately after being declared the highest bidder.

2. The purchaser shall submit a deposit of 50,000.00 Canadian dollars made payable to Robert Sullivan & Sons Auctioneers Ltd by certified cheque after being declared the highest bidder.

3. Completion and closing of the transaction shall be handled by qualified agents for both the buyer and seller.

4. Balance due from the purchaser shall be paid to the seller on or before the closing date. The transaction regarding the property will close in 30 days from the auction date or on such other date as mutually agreed upon by both parties.

5. This is a cash sale and is not contingent on purchaser’s ability to obtain financing. All financing should be in place previous to auction date.

6. The purchaser shall accept the property in “as is” condition as of the closing date and the purchaser specifically agrees that neither the seller nor the auctioneer makes any representations or warranties of any kind whatsoever, expressed or implied, to the purchaser as to the condition or fitness of the property, environmental or otherwise or any improvements. All descriptions, measurements and acreage provided by the seller and Sullivan Auctioneers are to be used as a guide only. The purchaser shall have satisfied himself as to the location and condition of the property and all descriptions prior to the bidding.

7. The auctioneer is acting as an agent for the seller and not as an agent for the purchaser.

8 No personal property of the Sellers shall be conveyed with the property, unless specifically included in the purchase agreement .

I, have read and understand all the above terms and conditions as they apply to this auction.

Signed Dated
PRE AUCTION OFFERS

This property will is being offered for sale by live public auction on NOVEMBER 14TH 2014

It is possible to make a pre auction offer on or before NOVEMBER 10TH 2014

In the event that the pre auction offer is accepted then the property may be sold before the live auction date of NOVEMBER 14TH 2014

Terms and conditions stated in this buyers package apply to pre auction offers.

Offers will be received by email or fax.

Email sullivanauction@xplornet.com
Fax 613 477 1511 (Sullivan Auctioneers)
ABSENTEE TERMS AND CONDITIONS

In the event that you are unable to attend the auction on NOVEMBER 14 2014, we wish to make it possible for you to participate even though you are absent.
It must be understood that all rules apply to those in attendance also to those who bid in the absentee format.
Sullivan Auctioneers should receive all absentee bids, no less than 3 days prior to the auction date of NOVEMBER 14TH 2014
All absentee bids must include a $50,000.00 certified cheque made payable to Robert Sullivan Auctioneers Ltd. No bids will be accepted without this deposit- no exceptions.

Bidding will be done on the bidder’s behalf by Sullivan Auctioneers as if the bidder were present and the bidder’s purchase will be obtained at the lowest bid possible.
Absentee bids are confidential prior to the auction and bidding will not be commencing with the highest absentee bid.
In the event the absentee bid is successful the deposit money held in trust will be applied to the purchase price of the property.
In the event the absentee bid is unsuccessful the deposit money will be refunded.

SULLIVAN AUCTIONEERS
PLAINFIELD, ONT.

www.sullivanauctions.com

Return bid form to

Sullivan Auctions
156 Denyes Road
Plainfield Ontario.
KOK 2VO

Return bid form to
Sullivan Auctioneers
156 Denyes Road
Plainfield, Ontario
KOK 2VO

ABSENTEE BID FORM

Name___________________________________________________________

Company Name-__________________________________________________

Address- ________________________________________________________

City-____________________________________________________________

Province_________________________________________________________

Telephone________________________________________________________

Cell Phone_______________________________________________________

E mail___________________________________________________________

Bank____________________________________________________________

Bank Contact_____________________________________________________

Bank Phone Number_______________________________________________

Bid Amount in Canadian Dollars_____________________________________

Signature__________________________ Date___________________________
SULLIVAN AUCTIONEERS
156 DENYES ROAD
R.R.# 1 PLAINFIELD
ONTARIO
KOK 2VO

AGREEMENT TO PURCHASE PROPERTY

STOCKDALE MILL
1914 STOCKDALE , ONTARIO
The Purchaser agrees to purchase the Property from the Seller on the following terms.

I, (name of purchaser) _________________________________________agree to purchase the

property for ___________________________________________________ Canadian Dollars.
(purchase price)

Terms as Follows-
DEPOSIT: A deposit of $50,000.00 (Fifty Thousand Canadian Dollars) made payable to Sullivan Auctioneers Ltd which will form part of the purchase price on NOVEMBER 14TH 2014. The deposit will be NON REFUNDABLE unless the Seller fails in their obligation pertaining to the transaction.
Clear title to the property is guaranteed by the Seller.

Balance of _________________________________________in Canadian dollars payable upon closing on the agreed date of ______________________________________________2014, or before made payable to the Seller or their agents.

All buildings on the Property and Land included in the sale will be and remain at risk of the Seller until the Closing Date. After that time all risk will be assumed by the Purchaser. The Purchaser will take possession of the property and assume all responsibilities at 12:00 pm (Noon) Day of Closing.
This agreement once signed by all parties is considered accepted and irrevocable.

PURCHASE AGREEMENT

SIGNATURES

DATE

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PURCHASERS SIGNATURE SELLERS SIGNATURE

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PURCHASERS NAME SELLERS NAME

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WITNESS SIGNATURE WITNESS NAME