ABSOLUTE AUCTION

WASHINGTON MUTUAL INSURANCE BUILDING

Plus 6.423 Acres Vacant Land  Parcel 

Plus Standby Generator & Large Safe Selling Separate

Washington Twp.    Holmes County

 Will sell on location 14042 CR 100 Lakeville, Ohio. From Wooster take SR 3 SW 12 miles to SR 179 at Cozy Corners then south a long mile to CR 100 then east one-half mile to property.

 TUESDAY EVE., APRIL 13, 2010

 6:00 PM

REAL ESTATE:  Due to the recent merger of Washington Mutual Insurance with Wayne Mutual Insurance the former office and headquarters of Washington Mutual will be sold at absolute public auction.  A great building that will adapt to a wide array of uses.  If you’re looking for a great office building and your business does not rely on a high visibility location come take a look.  There are endless possibilities for this property and the property is in immaculate condition. There is 400 amp electric service and CAT 5 wiring.

Current Specs:  The original building was built in 1976 then an equal size addition was added in 2000.  The interior of the original building was updated at the time of the addition.  Carpets and window treatments are good. Approximately 3600 sq. ft. of finished area on the first floor w/ approx. 1800 sq. ft. of finished space in the basement plus an additional 1800 sq. ft. of unfinished space in the basement.  The main floor has an entrance foyer that opens to the reception area.  There are 8 large offices, a work room, a fireproof vault room , a kitchen, a large common area, and bathroom facilities (two regular & one handicapped accessible) all on the main level.  Downstairs you’ll find another office, a conference room, storage area, another nice finished open area, plus the 1800 sq. ft. of unfinished basement w/outside ramp access.  The parking lot is paved and the building is handicapped accessible.  There is also a newly installed security system in place.

PARCEL # 2:  6.449 Acres of vacant tillable land that joins parcel number one to the south.  This parcel has frontage on TR and frontage on CR 100.  It is currently rented as cropland.  A place to build, an agricultural parcel, or a nice add on to parcel no. one

GENERATOR & LARGE SAFE:  Selling separately after the real estate;  Sentry Pro 35,000 Watt single phase, natural gas powered, standby generator (2001);  Large safe mfg. by The Safe Cabinet Co. Marietta, OH.  The double door, combination lock safe is 51 in. Wide x 29 in. deep x 86 in. high and is on wheels.

OPEN HOUSE & INSPECTION:  The property will be open for inspection on Monday Eve. March 29^th from 5:00 – 7:00 PM.  Other showings are available by appointment.  Call Steve Andrews 330-465-8498 – Seth Andrews 330-466-5471 – Jon Mast 330-763-3883 or Real Estate Showcase 330-674-7610 (Millersburg) 330-264-6888 (Wooster).

TAX & LEGAL:  Parcel No.’s 2800300000 & 2800133000 - West Holmes School District – The taxes on parcel one with the building are $1937.88 per half year.  The taxes on parcel two are 289.65 per half year.  Sellers will provide a warranty deed with certificate of title and offer to split the fee for an Owner’s Policy of Title Insurance.  Immediate possession will be given at closing.

TERMS:  A non-refundable down payment of 10% of the purchase price will be due at the close of the auction with the balance to be paid in full at closing within 30 -45 days.  N o financing contingencies and any desired inspections must be completed before the auction.