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Pursuant to settling the Estate of Bruno Zumbuhl, the undersigned Auction Company has been authorized to sell the real estate belonging to Swiss American Development, as follows:

DESCRIPTION: The real estate consists of a 19,435 square foot corner lot located at 1801 N. Kentucky Avenue. The subject property is improved with an industrial building (YOC 1961) containing approximately 5,200 square feet of warehouse space, is climate controlled with 4 HVAC units, (4) overhead dock-high doors with industrial canopy, and ramp. The subject property also contains an office area of approximately 2,000 square feet with waiting room, (3) offices, conference room, and break room. The real estate has a 128.2’ road frontage on North Kentucky Avenue, a 151.6’ frontage on Maxell Road, and also (2) curb cut access entry points. The property is zoned M-1.

PROCEDURE: The real estate will be offered in the entirety. There will be open bidding on said property during the auction as determined by the Auctioneer. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of the Auctioneer are final.

DOWN PAYMENT: A 10% down payment on the day of the auction with the balance due at closing. The down payment may be in the form of cash, cashier’s check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the seller’s acceptance or rejection.

BUYER’S PREMIUM: A 10% buyer’s premium will be added to the high bid(s) to determine the contract sale price.

BROKER PARTICIPATION: Broker Participation is available for this auction. Please call the Auction Company for Broker Registration form and guidelines.

DEED: Seller shall provide a Personal Representative’s Deed conveying title to the property.

CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of the presentation of insurable title.

POSSESSION: Possession will be given to purchaser at closing.

REAL ESTATE TAXES: The real estate taxes will be the responsibility of the Buyer beginning with the taxes due and payable in November 2008 and thereafter.

PHASE I ENVIRONMENTAL STUDY: Seller shall provide a Phase I Environmental Study to Buyer(s).

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this ad and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or WILLIAM WILSON AUCTION & REALTY, INC., including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property.

DIRECTIONS: From US 41, take Indiana State Road 66/Diamond Avenue West. Turn South on North Kentucky and proceed 2 blocks. The property is located at the corner of North Kentucky and Maxwell Avenue. Watch for signs.

AUCTION LOCATION: The auction will be conducted on-site at 1801 N. Kentucky Avenue, Evansville, Indiana.

ONLINE BIDDING: Online Bidding is Available via Proxibid.com/Wilsonauction.com. Call the Auction Company for Further Details and online bidding registration

SHOWING DATES: Monday, April 28, 2008, at 12:00 noon to 1:00 PM and Thursday, May 1, 12:00 noon to 1:00 PM

AUCTIONEER’S NOTE: Make plans to investigate this industrial/office space which features mixed use space, a convenient location, and good accessibility. Many possibilities for warehouse/storage, startup, investment property, or small-scale industrial.

OWNER: SWISS AMERICAN DEVELOPMENT All announcements the day of the auction take precedence over printed material or any other oral statements made.


Preview: Mon, April 28, 12-1 PM and Thurs, May 1, 12 - 1 PM