BROOKS MEMORIAL PARK CEMETERY Paducah, KY
Starts: Tue, Jul 15, 2014 6:00PM
Ends: Wed, Jul 16, 2014 6:00AM
(Auction will be conducted appropriately with the utmost respect.)
OVER 1.4 MILLION IN SALEABLE ASSETS CURRENTLY AVAILABLE
WITH +/- 2 ACRES YET TO BE MAPPED
ATTENTION BUSINESS PROFESSIONALS * INVESTORS
FUNERAL HOME & CEMETERY OWNERS, OPERATORS, AND MANAGERS
- BROOKS MEMORIAL CEMETERY PARK SITUATED ON +/- 6.098 ACRES REFERRED TO AS TRACT 2B ON PLAT
- KUBOTA COMMERCIAL MOWER
- 1 MAUSOLEUM LOCATED IN CEDAR HILL CEMETERY IN PRINCETON, KY
- 10 TRACTS INCLUDING 4 MAUSOLEUMS LOCATED IN HIGHLAND PARK CEMETERY IN MAYFIELD, KY.
- PORTABLE STORAGE BUILDING
TRACT 2B, MAYFIELD, AND PRINCETON MAUSOLEUMS LISTED ABOVE WILL ALL BE SOLD TO THE HIGH BIDDER REGARDLESS OF THE AMOUNT
ALSO SELLING: TRACT 2A ADJOINS TRACT 2B IN BROOKS MEMORIAL CEMETERY PARK CONSISTING OF +/- 1.158 ACRES. TRACT 2A WILL BE SOLD TO THE HIGH BIDDER/S ONCE PAYOFF IS MET OR EXCEEDED. CURRENT MORTGAGE IN PLACE.
ALL TRACTS LISTED ABOVE WILL BE OFFERED SEPARATELY AND IN COMBINATIONS BY BIDDERS’ CHOICE
BROOKS MEMORIAL GARDENS
780 OLD FRIENDSHIP RD PADUCAH, KY 42003
THIS TRACT IS SELLING ABSOLUTE
Tract 2B consists of +/-6.098 beautiful acres which include Brooks Memorial Cemetery, an efficient office building, attractive chapel, road frontage on 3 sides, plenty of parking and a pet cemetery. Building consists of 4 offices & 1 bath, 8’ ceilings, HVAC wall units. The chapel is +/-20’ x +/-30’ in size with plenty of seating, a pulpit, paneled walls, cathedral ceiling with tongue and groove wood finish, wall to wall carpet, attractive lighting, ceiling fans, large gable windows, & PA system. This building also contains an indoor mausoleum & 3 display cabinets for niches. GROUNDS: There are flush mount marker burial plots, raised marker burial plots, in ground lawn crypts, a +/-8’ x +/-38’ above ground free standing crypt, above ground plots, niches, & a pet cemetery. There is ample parking in front of the office that is +/-40’ x +/-100’ paved with curbs. Parking in front of the chapel consists of a +/- 72’ x +/-140’ parking area that is paved with curbs. This property is zoned UR.
ACCOUNTING: There are currently +/- $20,000 in accounts receivables @ 8.5% interest in place. Payment terms range between 3-5 years.
AVAILABLE SALEABLE ASSETS:
Niches 23 @ $21,000
Crypts 74 @ $444,000
Lawn Crypts 71 @ $120,000
Graves 896 @ $761,600
Pet Cemetery 235 @ $117,500
Total +/- $1,463,500.00
PORTABLE STORAGE BUILDING: There is a +/-10’ x +/-16’ barn style portable storage building with loft.
BROOKS MEMORIAL GARDENS
925 NORTH FRIENDSHIP RD PADUCAH, KY 42003
THIS TRACT SELLS SUBJECT TO MORTGAGE PAYOFF
Tract 2A consists of +/- 1.158 equally beautiful acres with road frontage on all 4 sides! This tract is undeveloped, zoned UR and will be offered separate or combined with tract 2B.
MAUSOLEUM LOCATED AT CEDAR HILL CEMETERY
THIS TRACT SELLS ABSOLUTE
This mausoleum consists of 120 crypts surrounded by well maintained Cedar Hill Cemetery. This tract of land consists of +/- 50’ x +/- 100’ on which the Bedford stone constructed mausoleum is setting. The mausoleum is +/-18’ x +/-68’ consisting of 120 crypts with 7 left to be sold. The city takes care of the openings & closings. One crypt does need a new plate marker on the front; this will take $300 - $400 to replace. New owner collects proceeds from the 7 left to be sold.
MAUSOLEUMS LOCATED AT HIGHLAND PARK CEMETERY
THESE TRACTS SELL ABSOLUTE
There are 6 mausoleums consisting of 558 crypts surrounded by well maintained Highland Park cemetery. Being lots: 27, 28, 29, 30, 153, 154, 155, 178, 179, and 180 in section 4 of Highland Park cemetery in Mayfield Ky. Building #3 is +/- 16’ x +/- 84’ with 156 crypts. Building #4 is three mausoleums under one roof consisting of #4a, #4b, & #4c. The dimensions of building #4 are +/- 38’ x +/- 96’ with a combined total of 360 crypts with room for expansion. All crypts are sold with +/- 130 to open & close. Opening & closing fees range from $500 - $1,100 each.
Personal Property: 2006 ZD21 Kubota Commercial Mower 60” cut, Hydraulic Deck Lift, Liquid Cooled Diesel Engine
Terms of Auction:
Real Estate: 15% good faith deposit if entirety is purchased. 20% good faith deposit will apply to Princeton and Mayfield tracts if purchased separately. Balance due in 30 days. 10% buyer premium added to final bid and included in the total contract price. Bank letter of credit required if unknown by Auction Co. Bidders are responsible for their own inspections and verifications either before or during day of auction. Announcements made day of auction take precedence over any previous marketing; either written or oral.
Personal Property: Cash, credit card or check day of sale with proper ID required. Payment in full due day of auction. 10% buyer premium added to final bid. Kentucky sales tax will apply as required unless tax exempt.
Procedure: Initial procedure determined by auctioneer.
Title: Fee Simple Absolute title delivered.
Deed: Seller will provide a General Warranty or Special Warranty Deed.
Purchase Agreement: Successful bidder/s will enter into a purchase agreement contract immediately upon conclusion of the auction.
Possession: Possession given at closing.
Restrictions: Any recorded restrictions (if any) and zoning regulations apply.
Easements: Sale of property is subject to any and all easements of record.
Absence of Warranties & Disclaimer: All information contained herein and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, and no warranty or representation either expressed or implied concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. There is no liability for its accuracy. Errors and/or omissions are assumed by the seller or the Auction Company. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding the person’s credentials, fitness, etc. All decisions of the auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORALSTATEMENTS MADE. AUCTION COMPANY OR OWNER IS NOT RESPONSIBLE FOR ACCIDENTS.