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Pre-Auction Multi-Par Seminar at 9:30 AM
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AUCTION LOCATION
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Mexico Elks Lodge - Mexico, MO (At the junction of Hwy. 54 and Hwy. J at the east edge of Mexico, take Hwy. J south 1/2 mile to the hall on the right.
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PROPERTY LOCATION
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Along the north side of Hwy. 54 at the east edge of Mexico, MO, next to the Nexan facility. Property has frontage on both Hwy. 54 east and Littleby Road.
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REAL ESTATE
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141 ACRES in 4 TRACTS
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25.5 acres +/- and lies in the very southwest corner of the property. It has frontage on Hwy. 54 east to the south, Consolidated Electric Power line to the west and Tract 2 to the east and Tract 4 on the north. It is all open and currently in crop production.
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31.5 acres +/- and lies next to the Nexan's property and Tract 3 to the east, Hwy. 54 on the south and Tract 1 to the west and Tract 4 to the north. This tract is all open and currently in crop production.
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13 acres +/-, it is the smallest of the 4 Tracts, it has 458 ft. of frontage on Littleby Road and is joined on the south by Nexan's property to the west by Tract 2 and the north by Tract 4. It lies across the road from the Audrain County Jail. It is all open and currently in crop production.
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71 acres +/- and is the largest and northern most tract. IT has 458 ft. frontage on Littleby Road, it is joined by Tracts 1, 2 and 3 on the south. A fence row on the west and abandoned railroad track and Consolidated Electric Substation on the north. IT is primarily all open with the exception of an old barn, pond, waterway and brushy former railroad right-a-way. Tract 4 is currently in crop production.
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There is currently a one year contract on this farm for the 2010 crop season, it covers 137 acres of cropland at a rate of $110.00 per acre, one-half of which is paid on June 1, 2010 and the balance is paid December 1, 2010. The new owner will get the entire 2010 crop rent income per the contract agreement. Plus the owners will make a $20.00 per acre bonus to the new buyer as a credit at closing. So the 2010 crop income will be equivalent to $130 per acre for 137 acres. Curt Mechlin is the current tenant and can be reached by calling (cell) 573-473-4641. The farm will be sold subject to the crop rent contract.
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The entire property lies in the City limits of Mexico, Missouri and has access to commercial city sewer and water. In addition, electricity is available and so is natural gas.
There is a current survey on the out boundary of the entire property that is available for inspection. In the event necessary, the sellers will provide a survey for individual tracts at the seller's expense.
We will offer the property at public auction by the Multi-Parcel method. This is a computer enhanced program that allows potential bidders to bid on individual tracts of their choice, combination of individual tracts and the entire offering through out the course of the auction. We will conduct a pre-auction seminar on the process at 9:30 am sale day.
There are no structural improvements on this property so feel free to inspect at your leisure or call the Auction Company for an appointment to inspect.
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10% down day of the auction with the balance and possession at closing. Seller will split appropriate closing costs and title insurance premium 50/50 with the new buyer.
Because the new buyer is getting all the 2010 income, they will also be responsible for all the 2010 property taxes.
If the property is sold in individual tracts to different buyers the 2010 crop rent will be distributed based on tillable acres in each tract according to the Audrain County FSA Office.
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AUCTIONEER'S NOTE
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| This property has a great location, close to Mexico, MO, on a major highway, across the highway from the airport and just minutes from Interstate 70. It has incredible potential either as individual parcels or as a whole with all the essential city amenities for development already in place.
Call us we will be happy to visit with you, share additional information and answer any questions you might have.
Wheeler Auctions Representative,
Charlie Nordwald - 636-795-4552.
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SELLERS
Countrywide Investments LLC
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This list is subject to additions and deletions.
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All announcements made day of the sale take precedence over this advertising.
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Not responsible for accidents or theft.
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