Name LICENSED TAVERN/ADULT ENTERTAINMENT 224 PATRON CAPACITY
Auctioneer Roup Sales Services
Type Online-Only Auction
Date(s) 11/1/2019 - 12/19/2019
Dec 19th, 2019 Auction closed for bids at 11:59pm
Preview Date/Time Nov 1st, 2019 thru Dec 19th, 2019 by appointment only.
Location 1056 Wyandotte Street East
Windsor, ON N9A3K2
Buyer Premium 10% Buyers Premium - 13% HST
Description
PUBLIC AUCTION - RESERVE - CURRENTLY Accepting Bids Online/Phone or Absentee Bidding by any Real Estate Agent/Broker on their client’s behalf. ONLY minutes from the Canada / USA Tunnel & Bridge. A RARE OPPORTUNITY TO INVEST / OWN LICENSED TAVERN / ADULT ENTERTAINMENT PROPERTY & PARKING LOT - 224 PATRON CAPACITY. THIS PRIME COMMERCIAL BUILDING WITH SEPARATE PARKING LOT WAS FULLY RENOVATED IN 2012. ADDITIONAL IMPROVEMENTS MADE IN THE LAST 2YRS. CURRENTLY BEING UTILIZED AS AN ADULT ENTERTAINMENT FACILITY. TENANTED ON A MONTH-TO-MONTH BASIS (CURRENT LONG-TERM TENANT WILLING TO STAY). THIS PROPERTY IS LOCATED ON THE NORTH SIDE OF WYANDOTTE ST. EAST BETWEEN PIERRE ST. & PARENT AVE. APPROX.10 BLOCKS EAST OF OUELLETTE AVE. (THE HEART OF WINDSOR’S DOWNTOWN) AND CLOSE TO THE WINDSOR/DETROIT TUNNEL AND LARGE U.S. CROSS-BORDER CLIENTELE. INCLUDED ARE ALL FIXTURES AND OPERATIONAL CHATTELS. BUILDING HAS FULL COMMERCIAL KITCHEN, TWO COMPLETE BARS, RESTROOMS AND SECURE OFFICES. WELL LIT AND EQUIPPED STAGE AND PERFORMANCE AREA. ALL 3 FLOORS ARE FULLY FINISHED AND IN GOOD CONDITION. PROPERTY INFORMATION: City/Town: City of Windsor, County of Essex Province of Ontario Improved Property: Plan 231, Part Block 3 Vacant Lot: Plan 478, Lots 6 & 7 Property Type/Licensing: 2 Storey Commercial Building with full basement. Licensed Adult Entertainment Facility with Parking Lot. Zoning: Commercial (CD2.2) Highest & Best Use: A Licensed Tavern & Adult Entertainment Facility w/ Parking Lot Building Size: Building Area- 35,850 SF (+/-) . Leasable Area- 35,000 SF (+/-) Lot Size: 40.18’ x (113.35) 4,553 SF . PARKING LOT 66.66’ X IRREGULAR) 8,093 SF Year Built: Unknown (Approximately 1920’s) Fully Remodeled in 2012 Taxes: $14,389.37/2019 TAX YR (Commercial Building & Parking Lot Inclusive) Dwelling Type: 2 Storey Building Exterior Finish: Brick/Stucco Foundation: Block Municipal Water: Yes Basement: Full Heating/Cooling: Refer to Inspection Report Heating Fuel: Natural Gas • The Auctioneer is accepting registered Bids online/phone or absentee bidding including Bids from any Agents/Brokers on their client’s behalf. • ALL Participants who wish to bid must do so by one of the above methods. • ALL Bidders are required to pre-register online in order to receive a bidding number. • The successful bidder will be determined after bidding closes. * All bids are subject to the Auctioneers acceptance/approval. ALL AUCTION BIDS MUST BE IN BEFORE: Dec 19th, 2019. 11:59 pm Sharp. The successful bid will be subject to a 10% Buyer’s Premium in addition to the successful bid price. The successful bidder will provide a deposit in the amount of 10% Buyer’s Premium plus HST payable to “Laing Legal in Trust” on Friday Dec 20th, 2019, at the close of auction, as well as sign an Agreement of Purchase and Sale reflecting the successful bid terms with a proposed closing date of Friday Jan 10th, 2010. The successful bid price will be exclusive of HST and the transaction will be subject to payment of HST, unless the successful bidder is self-assessing for HST purposes at the time of closing. *All information noted has been researched to the best of our ability. However, all registered bids should verify and confirm all necessary information by their legal counsel and or any municipal authorities. AGENT/BROKER PROTECTED – CALL FOR DETAILS
Auction Terms & Conditions 10% Buyers Premium - Agent/Broker Protected --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 CDN
95.01 - 975.00 25.00 CDN
975.01 - 9,750.00 250.00 CDN
9,750.01 - 97,500.00 2,500.00 CDN
97,500.01 - 9,999,999.99 10,000.00 CDN
Currency CDN
Buyer Premium 10% Buyers Premium - 13% HST
Payment Terms
10% Buyers Premium - 13% HST