ABSOLUTE AUCTION SATURDAY – NOVEMBER 21st, 2020 – 10:30 NEVILLE THOMPSON’S 91.85 ACRES (+/-) – 3 TRACTS PRIME DEVELOPMENT POTENTIAL MARION COUNTY VETERANS MEMORIAL BY-PASS & CLOYD BRADY LANE LEBANON, KY 40033

               ABSOLUTE AUCTION SATURDAY – NOVEMBER 21st, 2020 – 10:30 A.M.               

NEVILLE THOMPSON’S 91.85 ACRES (+/-) – 3 TRACTS

PRIME DEVELOPMENT POTENTIAL

MARION COUNTY VETERANS MEMORIAL BY-PASS & CLOYD BRADY LANE

LEBANON, KY 40033

These documents are available on our website: www.thelancasteragency.com Aerial Plat / Survey Plat / Soil Maps / Flood Map / Diagram of Water Main & Sewer Lines / Septic System Diagram For Tract 3 / KY Department of Highways Diagram / KY Transportation Cabinet Traffic Count Report Most everyone locally knows this as the former ‘Cloyd Brady Farm’. The Lancaster Auction Team is pleased to represent Cloyd Brady’s son, Neville Thompson in offering this exceptional land in an outstanding location at ABSOLUTE AUCTION on SATURDAY, NOVEMBER 21st, 2020 at 10:30 A.M.

THE LAND

Plain and simple…This land is the real deal! What’s that old saying about the first rule of real estate?…LOCATION…LOCATION…LOCATION!!! You can’t beat this location in the heart of central Kentucky on Lebanon’s west side which is bustling with activity & close to the Walmart Super Center, and many other business locations & residential developments! Almost the entire farm is level & much of it is croppable! It is located in the county and not subject to the Lebanon Planning & Zoning restrictions, however the land does adjoin the Lebanon city limits and could be annexed into the Lebanon city limits if so desired! THIS LAND IS PRIME FOR DEVELOPMENT!

TRACT 1 – 78.38 ACRES (+/-)

This is 78.38 acres (+/-) featuring 1,960.85′ of frontage on the Marion County Veterans Memorial By-Pass with a commercial entrance. Per the 2019 KY Transportation Cabinet Traffic Count an average of 8,036 vehicles pass this location daily. There is an uninhabitable home located on this tract (some old timers will tell you this is probably one of the oldest homes in all of Marion County!)… Plus a 40′ X 60′ tobacco barn w/ a 12′ X 24′ stripping room. This tract is mostly level land offering fertile soils including Lawrence Silt Loam, Melvin Silt Loam, Nolin Silt Loam & Otwell Silt Loam.

TRACT 2 – 13.01 ACRES (+/-)

This is 13.01 acres (+/-) featuring an entrance on US Highway 68 (Campbellsville Highway). The entrance is named Cloyd Brady Lane which is a private ingress/egress easement. This tract offers a 36′ X 88′ metal barn & 2 grain bins. Per the 2019 KY Transportation Cabinet Traffic Count an average of 12,087 vehicles pass this entrance daily. This tract is mostly level land and also offers fertile soils including Lowell Silty Clay Loam & Sandview Silt Loam.

TRACT 3 – .46 ACRE (+/-)

This is a .46 acre (+/-) tract which also has access on the Cloyd Brady Lane private ingress/egress easement. At one time this tract had a mobile home on it and still has a septic system and easy access to water & electricity. Note: There is a private road which goes under the Marion County County Veterans Memorial Highway overpass that connects Tract 1 & Tract 2. This private road is recognized and approved by the Kentucky Department of Highways. If Tract 1 & Tract 2 are purchased by the same person or entity this road may continue to be used by the new owner.

ORDER OF SALE

1st OFFERING

To be offered as a whole, TRACT 1, TRACT 2 & TRACT 3 GROUPED TOGETHER totaling 91.85 acres (+/-) per survey.

2nd OFFERING

TRACT 1 & TRACT 2 to be offered BY THE ACRE utilizing the ‘pick & choose’ auction method. The highest bidder will have the priority to select the tract or tracts desired at that price per acre. TRACT 3 to be offered individually BY THE TRACT. NO SALE IS FINAL UNTIL BOTH OFFERINGS HAVE BEEN COMPLETED. THE REAL ESTATE WILL BE SOLD IN THE MANNER REALIZING THE MOST MONEY FOR THE SELLER.

TERMS & CONDITIONS * A 10% Buyer’s Premium will be added to all winning bids to determine the final sales and purchase price. * Any purchaser of a real estate tract will pay a 20% deposit of the final sales and purchase price the day of the auction. The balance will be due on or before December 21st, 2020. * The 2020 property taxes to be paid by the Seller.

NOTE

THE REAL ESTATE & ALL IMPROVEMENTS ARE BEING SOLD AS IS. Inspections are invited and encouraged. For inspections and questions please call: The Lancaster Agency, Inc.: (270) 692-6748 Charles Lancaster, Jr.: (270) 692-7270

DISCLOSURE Even though the home is currently uninhabitable it was built prior to 1978 and has the potential for lead based paint. A lead based paint inspection, and any other inspections desired by prospective purchasers must be performed prior to the auction. ANNOUNCEMENTS MADE THE DAY OF THE AUCTION SUPERSEDE ANY AND ALL PRIOR ANNOUNCEMENTS, DOCUMENTATION, BROCHURES, ADVERTISING, OR STATEMENTS WHETHER ORAL, WRITTEN OR OTHERWISE REGARDLESS OF WHO MADE THEM OR WHEN THEY WERE MADE. CHARLES LANCASTER, JR. – BROKER/AUCTIONEER CHARLES LANCASTER, SR. – AUCTIONEER TOM BRAHM – AUCTIONEER IRVIN ABELL – APPRENTICE AUCTIONEER TREY ABELL – APPRENTICE AUCTIONEER