No Minimum No Reserve - 93.2± Acres in Wellington
92.3± ACRES OFFERED IN TWO TRACTS
TRACT 1 - 9.2± Acres - Lot is directly south of Cowley College Campus. Bidding closes at 1:00 PM
TRACT 2 - 84± Acres - Adjacent to Wellington High School land and development South of Walmart. Bidding closes at 2:00 PM
No minimum, no reserve - prime development opportunity in Wellington, KS. Situated off Highway 160 just two miles west of I-35, this high-traffic location is ideal for investors looking to support the community's growth.
Zoning: Tract 1: R3 (Multi-family Residential) Tract 2: Agricultural
Bidding begins closing at 1:00 PM CT on April 17th. Bidding will remain open until three (3) minutes have passed without receiving an acceptable bid
PROPERTY ADDRESS
00000 E. 10th Ave., Wellington, Sumner County, Kansas 67152
WEIGAND ABSOLUTE AUCTION - ONLINE ONLY
Development land in Wellington - 92.3± Acres | Located Near Cowley College Campus off Highway 160
BIDDING BEGINS CLOSING: THURS., APRIL 17, 2024 AT 1:00 P.M., CT
No minimum, no reserve - this absolute auction offers prime development land in Wellington, Kansas. These 93.2± acres are being offered in two tracts, with tract 1 closing at 1:00 PM and tract 2 closing at 2:00 PM.
This land is ready for new development today, situated in a high-traffic area of Wellington, KS only 2 short miles from I-35 N.
Tract 1 - 9.2± Acres - Open Lot Directly South of Cowley College
Tract 2- 84± Acres - Adjacent to Wellington High School Land
PROPERTY ADDRESS
00000 E 10th Ave., Wellington, KS
COUNTY
Sumner
ZONING
T1: R3 (Multi-family Residential) T2: Agricultural
AUCTION PROCEDURES: Tracts are being sold absolute. Online bidding is by approval only. Bidding will remain open until three (3) minutes have passed without receiving an acceptable bid. J.P. Weigand & Sons, Inc. Auction reserves the right to request a proof of funds letter from a bank to participate in online bidding. Land sold by the acre will use a quantity/multiplier for the sole purpose of establishing a final bid price and shall not be a guarantee of actual acres to be conveyed at closing. If a survey is required to establish new legal descriptions, surveyed acreage will not result in an adjustment of the final bid price in the buyer's or seller’s favor.
BUYER’S PREMIUMS: A buyer’s premium of ten percent (10%) of the final bid will be added to the final bid price to determine the total purchase price.
AUCTION TERMS: The successful bidder shall be required to deposit, as non-refundable earnest money, an amount equal to either: (a) ten percent (10%) of the total of the combined amount of the Final Bid Price and of the Buyer’s Premium if bidder opts for closing to occur thirty (30) days from the full execution of the Auction Real Estate Purchase Agreement; or (b) fifteen percent (15%) of the total of the combined amount of the Final Bid Price and of the Buyer’s Premium if bidder opts for closing to occur forty-five (45) days from the full execution of the Auction Real Estate Purchase Agreement. Final determination of earnest money and closing to be made upon bidder’s execution of the Auction Real Estate Purchase Agreement. Checks will be made payable to and held in escrow by a title company to be named. The balance of the purchase price will be paid in certified funds at closing.
IMPORTANT NOTICE TO ALL BIDDERS: All the information contained in this brochure was obtained from sources believed to be correct but is not guaranteed. This property will be sold “as is, where is” and bidders shall only rely on their own information, judgment, and inspection of the property and records. This property will be sold subject to any applicable Federal, State, and/or Local Government Regulations. Property is subject to sale prior to the completion of the auction.
BROKER PARTICIPATION: At the completion of a successful closing, a fee of three percent (3%) of the buyer’s premium will be paid by J.P. Weigand & Sons, Inc. to the broker properly registering and representing the successful bidder. Please visit WeigandAuctions.com/terms for a detailed explanation of Terms and Conditions.
