BANK FORECLOSURE CHATTANOOGA COMMERCIAL REAL ESTATE AUCTION Friday, September 9, 2016 Time: 12 NOON 609 Tunnel Boulevard Chattanooga, TN 37411 Office: Knoxville Agent: Kenny Phillips BANK FORECLOSURE COMMERCIAL REAL ESTATE AUCTION 609 Tunnel Boulevard Chattanooga, TN 37411 Friday, September 9th at 12 Noon Chattanooga Commercial Property Hamilton County Zoned C-5 Comprised of 4 office suites (609, 609.5, 610 & 611) One suite (609.5) is currently leased Approx. 4897 SF Tax Appraisal: $86,800 Lot Size: 90.6 x 82.9 Parcel/ Tax ID: 147I J 006 Auction is for the real estate only and does not include the business currently occupying the property. Buyer is purchasing building with tenant in possession. TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the total sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. Sale is Subject to Trustees Approval. The balance is to be paid in full at the Trustees deed closing within 20 (TWENTY) days. No Extensions. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. Property to be transferred with a Trustees Deed ONLY. Walt Winchester to conduct closing. Title Opinion, Title Insurance, Document Recording will be the Responsibility of the Buyer. Buyer is Responsible for ALL Property Taxes, Fees, HOA dues, both Current & Delinquent. All Measurements are from Tax records not guaranteed. Tennessee Residential Property Exemption will be a part of the sales contract. DIRECTIONS: I-24 to the Belvoir/ Germantown Road Exit. Take Germantown Road toward Shallowford Road. Germantown will turn into Tunnel Blvd. Property will be on the left right before Shallowford Road. Important Information Bing Map CRS Report Delinquent Taxes-Title Opinion