Operating Business - Bowling Alley Includes the Real Estate, Equipment, Bus, and Liquor License - Online Auction
5133 Telegraph Road, Toledo, Ohio 43612
Bidding Ends
Thursday, March 10, 2022 at 12:00 pm
Open House
Thursday, February 24, 2022 from 10:00 am - 12:00 pm
Wednesday, March 2, 2022 from 11:00 am - 12:30 pm
Tuesday, March 8, 2022 from 12:00 pm - 2:00 pm
Property Description
Online Commercial Auction! Operating Business! New Glass Bowl Lanes is a money maker! Includes Real Estate, equipment, bus, and liquor license. Located on 4.74+/- acres and includes bowling centre with 36 lanes with automatic scoring, fenced volleyball courts, warehouse garage, leased ProShop income and Kitchen Income, full service bar includes D5 & D6 liquor license, vending pool, games, and food. After school program and booked leagues for 9+ months of the year. Being sold to settle trust due to death of owner.
AUCTION REGISTRATION: The online registration is available at www.PamelaRoseAuction.com or on our Mobile App and will need to be completed. Next you’ll receive an email indicating you must provide proof of funds from your bank that you have sufficient funds to cover the required earnest money down payment before online bidding is enabled and you receive a bid number. This may be accomplished by emailing to info@pamelaroseauction.com prior to the auction. Proof of funds consists of a copy or original of a current bank statement or brokerage statement in bidder’s name showing sufficient funds for a $25,000 earnest money deposit.
EARNEST MONEY REQUIREMENT: Winning online bidders must deliver earnest money via wire transfer or cashier’s check to Midland Title & Escrow, immediately following the auction, in the amount of $25,000. The successful online bidder will be notified immediately following the closing of the auction and Purchaser needs to sign and return purchase contracts as soon as possible and no later than 24 hours post auction via electronic signature or in person. Balance will be paid in full at closing on or before 45 Days After Acceptance or 60 Days After Acceptance With An Additional $25,000 Deposit.
TITLE: A guaranteed certificate of title will be provided at Seller’s expense giving marketable title subject to existing easements and restrictions. The Escrow Agent will be Midland Title & Escrow; 3355 Briarfield Boulevard, Maumee, Ohio 43537; Office: 419-259-5403.
DOCUMENTS AVAILABLE: A bidder’s packet will be available online and will include Purchase Agreement, Agency Disclosure, the Non Refundable Earnest Money Deposit Agreement.
BROKER PARTICIPATION: Broker participation is welcomed - call for registration forms and guidelines at 419-865-1224 or obtain online under Resources.
BUYER’S PREMIUM: Properties will be sold with a ten (10%) percent buyer’s premium. The bid amount plus buyer’s premium equals the final purchase price.
AGENCY: Auctioneer is a seller’s agent.
EXTENDED BIDDING: This online only auction has an extended bidding feature. The closing time of a property is automatically extended 5 minutes whenever a bid is placed in the last 5 minutes of the properties closing time. The bidding for the property will close when a period of 5 minutes has expired without an additional bid.
website updates: Please refer to the website for updated information on occupancy, rents, or changes at www.pamelaroseauction.com.
DISCLAIMER: Announcements made day of auction take precedence over printed materials. All information in this brochure was derived from sources believed to be correct, but is not guaranteed. All property dimensions are only approximations. Buyers shall rely entirely on their own judgment and inspection of property and records.
