This is a Live Auction

5,625 Sq Ft Airplane Hangar Located At The Front Range Airport

On Behalf Of The United States Bankruptcy Court

Inspection: Wednesday, February 29th - 11:00 AM , and Monday, February 27th - 11:00 AM

Description: Constructed in 2006. Prime Location! Please call (303) 934-8322 or email customerservice@dickensheet.com to receive copy of land lease prior to auction.

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This beautiful hangar features a kitchen, restroom with shower, (2) carpeted offices, mezzanine with an incredible view of the mountains along with halogen lights. 

LAND LEASE-Initial term of lease commenced on May 1st, 2005 and ends in April, 2045.  There is an option of extensions in five year increments after that time period.

LEGAL DESCRIPTION:  SEC TWN RNG: 16-3-64 DESC: IMPS ONLY ON SE4 EXC PARCS AND EXC RDS AND EXC W2 W2 SE4 AND EXC PT PLATTED 55/1326A

ADAMS COUNTY: Parcel Number: 181716400029, Account Number: R0173698

2011 taxes stated by Assessors Office at $ 1,618.28.  Purchaser will be responsible for past due and 2012 taxes due in 2013 along with past due lease, airport expenses.  Please call Mr. Ken Lawson 303-261-9103 at the Front Range Airport for verification of past due airport related expenditures (estimated at $ 6,400.00 during time of posting for airport fees) or any general questions on the airport. 

FRONT RANGE AIRPORT-Please visit their website as they are in the midst of terminal renovation and adding Aviator Bar & Grill.  Excellent opportunity for end user or investment!

http://www.ftg-airport.com/

PLEASE NOTE:  The hangar will be transferred by Trustee's Deed.  Please email or call (303) 934-8322 to receive a copy of the Court Order authorizing auction.

Please note that the terms & conditions are being reviewed by the Trustee and Trustee's Counsel at the present time and may be revised prior to auction.  Thank you! 

The hangar with transfer of lease is located at 37350 E 50th Avenue, Adams County, Colorado and being offered at public auction on behalf of the United States Bankruptcy Court.  The hangar is located at the Front Range Airport. 

INSPECTION PERIODS-

                Prospective purchasers are highly encouraged to complete a full inspection of the real estate being offered for public auction prior to sale.  The property is available for inspection on February 27th, 2012 and February 29th, 2012 or by appointment.  The real estate will be offered on Thursday, March 1st, 2012 at 1:00PM MST at 1501 W Wesley Avenue in Denver, Colorado.  At this particular public auction, you are welcome to bid in person or by completing the registration activities prior to sale through telephone.

REGISTRATION PROCESS-

                Any parties wishing to participate at the real estate portion of the auction is welcome to preregister for the auction by e-mail, fax, during inspection periods or by registering on the day of the auction.  Immediately after the conclusion of the auction, a sum of ten thousand dollars ($ 10,000.00) will need to be forwarded as a nonrefundable deposit on the real estate.  The deposit can be paid by cash, certified funds, wire transfer, personal or company check with picture identification.  The auction for the real estate begins at 1:00PM.  The auction will be conducted at 1501 W Wesley Avenue in Denver, Colorado.

CONDITION OF REAL ESTATE-

                The property is being offered “as-is” and “where-is” without warranties expressed or implied, no contingencies on purchase.  Neither Dickensheet & Associates, Inc. nor the Trustee, United States Bankruptcy Court make any guarantee or warranty, expressed or implied, as to the quality, kind, character, size, description, environmental condition or fitness of the property available at public auction and will not be held responsible for any advertising discrepancies or inaccuracies.  The utilities will need to be transferred to the successful purchasers name on the date of closing. 

                Prospective purchasers are encouraged to seek from independent sources of bidders choosing expert advice and/or inspections, including legal advice, to buyer’s complete satisfaction concerning any property and the terms of sale prior to the auction.  Please call (303) 934-8322 with any questions.

                In the event that the potential buyer has an questions or material needs regarding exact lot lines, tract boundaries or any easements, as well as the dimensions of land and/or building, the prospective purchaser may choose to have a staked survey by a licensed surveyor prior to bidding at the public auction.

OTHER FEES & EXPENSES:

                The successful purchaser will need to pay any and all past due and current association fees involved with the premises.  Also, the party will be responsible for all past due and current taxes at the premises including 2012 taxes due in 2013. 

CLOSING TIME PERIOD-

                The buyer of the real estate will have a time period of no later than thirty (30) days from the conclusion of the auction to fully close on the property with the balance paid either by wire transfer, cash or certified funds.  In the event that the successful purchaser is not able to close within the allotted time period, the deposit will be forfeited and retained by Trustee as part of the proceeds of the sale.

                If the successful purchaser is unable to fulfill their obligation during the thirty (30) day time and approved by the Trustee, the backup bidder will have the opportunity to purchase the property at the backup bid with the same terms and conditions of sale.

FINANCING-

                Please have any and all financing arrangements finalized prior to bidding at the public auction as there are no contingencies relating to the purchase.  If we can be of any assistance providing documentation to a potential lender, please have them contact us at (303) 934-8322 prior to auction to obtain further information.

OTHER TERMS & CONDITIONS-

                The sale shall be subject to all laws, ordinances and governmental regulations (including building and zoning ordinances) affecting the real property and easements, restrictions appearing of record, if any.

Hangar will be transferred by Trustee's Deed.

                All announcements made on auction day take precedence over any distributed material.