A
P  U  B  L  I  C
U  C  T  I  O
N
ABSOLUTE AUCTION*

±54,000 S/F
MANUFACTURING/WAREHOUSE
FACILITY

ON ±5¼ ACRES
WITH LINED & PAVED PARKING FOR ±100 VEHICLES

240 DAY STREET      NEWINGTON, CONNECTICUT

TO BE SOLD ON THE PREMISES
WEDNESDAY SEPTEMBER 22ND AT 10:30 A.M.


 



    3% BROKER INCENTIVE OFFERED    


TERMS OF SALE (Real Property): *Sold subject to a $1,200,000 Minimum Bid!
$75,000.00 Initial Deposit is required at time of auction, Cash or Certified Funds.
10% Buyer's Premium Applies.
Deposit to be increased to an amount equal to 10% of the Purchase Price within 5 business days.
Other Terms to be announced at time of sale.



AIRPORT:

BRADLEY INTERNATIONAL AIRPORT (BDL) - APPROX. 20 MILES TO SITE
            
EAST WINDSOR, CT 1-860-292-2000

DIRECTIONS:

FROM NEW HAVEN, CT - TAKE I-91 NORTH APPROX. (26 MILES); MERGE ONTO CT-9 N (EXIT #22N) TOWARDS NEW BRITAIN PROCEED APPROX. (9 MILES); TAKE CT-175 (EXIT #29) TOWARDS NEWINGTON PROCEED APPROX. (2/10THS MILE); TURN RIGHT ONTO CT-175/CEDAR ST. PROCEED APPROX. (1.2 MILES); TURN LEFT ONTO CT-173/WILLARD AVE. PROCEED APPROX. (1.2 MILES); TURN RIGHT ONTO FRANCIS AVE. PROCEED APPROX. (2/10THS MILES); TURN LEFT ONTO DAY ST. (WATCH FOR AUCTION SIGNS).
FROM SPRINGFIELD, MA - TAKE I-91 SOUTH APPROX. (24 MILES); MERGE ONTO US-6 W/I-84 W (EXIT #32A) TOWARDS WATERBURY PROCEED APPROX. (4.8 MILES); TAKE EXIT #42 (TROUT BROOK DR.) ON LEFT TOWARDS ELMWOOD PROCEED APPROX. (2/10THS MILE); KEEP RIGHT AT FORK IN RAMP; STAY STRAIGHT TO TROUT BROOK DR. PROCEED APPROX. (3/10THS MILE); TURN RIGHT ONTO S. QUAKER LN. PROCEED APPROX. (2/10THS MILE); TURN LEFT ONTO C-173/CT-71/NEW BRITAIN AVE.; TURN RIGHT ONTO NEWINGTON RD/CT-173; FOLLOW CT-173 APPROX. (1.2 MILES); TURN LEFT ONTO FRANCIS AVE. PROCEED APPROX. (2/10THS MILE); TURN LEFT ONTO DAY ST. (WATCH FOR AUCTION SIGNS).

LODGING:

SHERATON BRADLEY AIRPORT HOTEL - SCHOEPHOESTER RD, EAST WINDSOR, CT 1-860-627-5311
HILTON HARTFORD HOTEL - 315 TRUMBULL STREET, HARTFORD, CT 1-860-240-7272
SUMMIT MOTEL - 2207 BERLIN TURNPIKE, NEWINGTON, CT 1-860-666-5421

TERMS & CONDITIONS:
EVERYTHING SOLD “AS IS/WHERE IS”

TERMS OF SALE:

REAL ESTATE: $75,000.00 INITIAL DEPOSIT REQUIRED AT TIME OF AUCTION BY CASH OR CERTIFIED CHECK. 10% BUYERS PREMIUM APPLIES. DEPOSIT TO BE INCREASED TO AN AMOUNT EQUAL TO 10% OF THE PURCHASE PRICE WITHIN 5 BUSINESS DAYS. OTHER TERMS TO BE ANNOUNCED AT TIME OF SALE.
PERSONAL PROPERTY: 25% DEPOSIT AT TIME OF SALE BY CASH OR CERTIFIED OR BANK WIRE TRANSFER. 10% BUYERS PREMIUM APPLIES. PERSONAL OR COMPANY CHECK ACCEPTED ONLY IF ACCOMPANIED WITH A BANK LETTER GUARANTEEING PAYMENT. EXAMPLE OF BANK LETTER OF GUARANTEE: THIS BANK GUARANTEES PAYMENT TO AARON POSNIK & CO., INC. ON ACCOUNT # ___ UP TO THE AMOUNT OF $ __ FOR PURCHASES MADE AT THE MERROW MACHINE COMPANY AUCTION TO BE HELD ON SEPTEMBER 22ND & 23RD. NO PURCHASE REMOVED UNTIL COMPLETE SETTLEMENT IS MADE. OTHER TERMS TO BE ANNOUNCED AT TIME OF SALE.

SALES TAX:

CONNECTICUT SALES TAX LAWS APPLY. DEALERS BRING COPY OF EXEMPT CERTIFICATE.

BID BY MAIL:

IF YOU CANNOT ATTEND THIS AUCTION IN PERSON WE WILL BE HAPPY TO RECEIVE YOUR BID ON THE ITEMS THAT YOU DESIGNATE (IF YOUR BID IS SENT BY MAIL OR FAX AND RECEIVED BY OUR OFFICE AT LEAST 24 HOURS PRIOR TO THE COMMENCEMENT OF THE SALE). IF YOU WISH TO BID BY MAIL, KINDLY PROVIDE A COMPLETE LIST OF THE ITEMS DESIRED AND ENCLOSE A 25% DEPOSIT BY CERTIFIED CHECK. YOU WILL BE RESPONSIBLE FOR PURCHASES IF YOU ARE THE HIGH BIDDER, UNDER THE TERMS AND CONDITIONS TO BE ANNOUNCED AT TIME OF SALE. IF YOU ARE THE SUCCESSFUL BIDDER, WE WILL NOTIFY YOU WITHIN 24 HOURS OF THE SALE AND YOU MUST MAKE PAYMENT OF THE BALANCE DUE BY WIRE TRANSFER TO OUR BANK WITHIN 24 HOURS OF NOTIFICATION. IF YOU ARE UNSUCCESSFUL IN YOUR BID, YOUR DEPOSIT WILL BE RETURNED TO YOU WITHIN 72 HOURS OF THE SALE.

 

IMPORTANT NOTICE:

THE INFORMATION DESCRIBED IN THIS BROCHURE IS CORRECT TO THE BEST OF OUR KNOWLEDGE BUT WE CANNOT GUARANTEE SAME. IT IS FOR THIS REASON THAT BUYERS SHOULD AVAIL THEMSELVES OF THE OPPORTUNITY FOR INSPECTION PRIOR TO THE SALE.


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83 State Street
Springfield, MA
01103

1-413-733-5238
Fax:1- 413-731-5946


Aaron Posnik & Co., Inc.
Established 1932

Philadelphia Office
5 Great Valley Road
Suite 244, Malvern, PA
19355

1-610-853-6655
Fax: 1-610-853-6633
Mass Auc. Lic. #161• www.posnik.com • E-mail: info@posnik.com • PA Auc. Lic. # AU-0038-R

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