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Date: 11/02/20 11:00AM
Auction: CHAPLIN, CT - 7.17+/- AC. PRIME INCOME PROPERTY WITH TURNKEY RESTAURANT, 8 RENTAL UNITS & HOME
Ref No.: 20-1884
260 Willimantic Rd. (Rt. 6), Chaplin, CT
7.17+/- Acre Prime Income Property
Turnkey Restaurant k/a "Pine Acres Restaurant" - Owner operated for breakfast/lunch daily. Selling w/ all furniture, fixtures & equipment.
8 Freestanding Year-Round Rental Units
1,340+/- sf. 3BR, 1BA Ranch
Additional Outbuildings: 2,424+/- sf. Coop & 576+/- sf. Shed
Abuts State Park on Natchaug River, close to Windham town line
Selling in the entirety only
Subject to existing residential tenants
Zone: B (Business)
Parcel ID: 2-5
Terms: 10% certified deposit of which $20,000 by certified or bank check due at the auction and remainder of 10% due by 4pm ET on Wednesday, November 4, 2020. 45 days to close. Complete terms & conditions in Property Information Package (PIP). Other terms, if any, to be announced at the sale. Announcements or changes made from the auction block or within the purchase agreement take precedence over any previously printed materials or oral statements made.
Property Preview: Monday, October 26 (11am-1pm)
Pre-Auction Offers: Must be tendered on a signed JJManning approved P&S Agreement & accompanied by a 10% certified deposit in certified or bank check or by confirmed wire transfer.
Buyer's Broker Terms: Up to 2% Broker Commission Offered. Mandatory 24-hour broker pre-registration. Click link on right-hand side for full terms & registration page.
CT Lic #REB.0790057
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