Open House-Silex Bank

Lincoln County Real Estate Online Auction
20 South 2^ND Street, Silex, MO

Auction to Go Live for Online Bidding October 2nd @ 10am
Online Auction Closes:  Wednesday, October 14^th @ 1pm

See www.allenauction.net for more information & link to registration

Sellers: The Silex Banking Company
For More Information on the Bank, please contact Michael Mudd, President of Silex Bank
@ (573) 384-5221

Open House to View Real Estate: September 24^th & 25^th from 3-5 p.m.

Auction Representatives will be at the property to answer any questions you may have about the real estate & auction process.

Directions: From Hwy 61, Take Hwy E West Approx. 6 miles, Turn left on 2^nd Street. Bank located right in downtown Silex, MO.

Tract 1

Selling Original Location of the Silex Bank. Built in 1960 with 2 expansions to add on to the bank in 1977 & 1984. This building is 4,233 Sq. Ft sitting on .304 +/- Acres in downtown Silex, MO. In the building is 4 Offices, Kitchen/Utility Area, Large Suite Office, & 2 Bathrooms in the building. Included are 3 large vaults in the Silex Bank along with reception area in the front of the bank. The Silex Bank sits on 2 city lots and the parking lot is 4 city lots. The large parking lot has 14 spots and additional parking in the front of the Silex Bank & on the side. Drive up window on the side of the bank building as well.

The Silex Bank is set up with Camera/Alarm System that can be transferred to the new buyer from Huffmann Security System. Windstream internet is available along with City Water & City Sewer on the property. Taxes on Tract 1 (Bank Building) are $4,227.54

Improvements to the Silex Bank include:
-3 New Roof Top HVAC/AC Units (June 2018)
-New Metal Roof (May 2011)
-New Electric Water Heater (November 2009)
-New Pavement (May 2019)
-New LED Lighting, Both Interior & Exterior (December 2018)

Tract 2

1.12 Large City Lot in Silex, MO. City Water & City Utilities available. Taxes on City Lot $63.46.

Auctioneer’s Note: We have the chance to sell 2 pieces of real estate in Silex, MO. Silex Banking Company has built a new bank & have decided to sell their former location along with a vacant city lot in Silex, MO. Check out the open house dates to view the real estate. Any questions, feel free to give us a call at the office. Thanks, Kyle

Terms & Conditions: 10% of the purchase price must be paid down day of the auction with the balance due and possession given at closing, Auction contract must be signed immediately after auction. Closing shall be on or before November 13th @ All County Title in Troy, MO. The cost of title commitment, survey, deed preparation and closing costs will be split 50/50 between the Seller and Buyer except that Buyer shall pay all costs of obtaining a loan. Property taxes shall be prorated. Bidding is not contingent upon financing so please make sure that you have your financing in order before bidding. 5% Buyers Premium applied to final bid. Property sells with owner’s confirmation.

Allen Auction & Real Estate Service
490 S. Hwy 47
Hawk Point, MO 63349
(636) 338-4805
Email: office@allenauction.net