**Auction Ends October 8, 2020 at 10:00AM Check out this great business opportunity. This building was a former bank branch and can now be used in a variety of capacities. It is situated in the beautiful historic district of Franklin. Positioned on a corner lot, it has high visibility and lots of thru traffic and foot traffic. Perfect for a business that needs visibility. Auction Terms & Conditions REAL ESTATE TERMS & CONDITIONS REGISTRATION: In order to register for the auction you must submit a bank letter of guarantee, or a pre-approval letter from a finance company after you have registered online. BUYERS PREMIUM: 10% will be added to the final bid price, to be included in the total purchase price. For example, if the property sells for $100,000.00, then the total sales price would be $110,000.00. DEPOSIT: 10% down day of auction. Balance due at closing on or before 30 days. Guaranteed good title. For example if the property sells for a total sales price of $110,000.00 including buyer's premium, then a deposit of $11,000.00 would be put down the day of the auction. FINANCING: Purchasers to obtain their own financing. Purchase Agreements are not subject to financing or qualification. All bidders are encouraged to pre-qualify. DISCLAIMER: All property to be sold "as is, where is", with any and all faults and no implied warranties by Seller or Auctioneer. Please feel free to have an inspector or contractor look at the property with you. All information and dimensions were derived from sources believed correct but are not guaranteed. Buyers shall rely on their own information, judgment, and inspection of the property and records, including, but not limited to, all documents recorded in the county or parish where the property is located. All announcements from the auction block will take precedence over any previously printed material or any other oral statements made. Properties not sold absolute will be offered subject to seller's confirmation within 2 business days. LA Lic#818 TAXES: Taxes will be pro-rated.
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