Turnkey 6-Unit Belize Inn

El Chiclero Inn, Burrell Boom Village, BZ 74136
El Chiclero Inn, Burrell Boom Village, BZ 74136
Auctioned: 12:00 PM EDT Friday, Sep 28, 2012
 
El Chiclero Inn, Burrell Boom Village, BZ 74136

Six-room hotel with two apartments and 50-seat restaurant in Central Belize is a turnkey business opportunity for new owners. El Chiclero Inn is located within walking distance to the historic Belize Old River in Burrell Boom Village and minutes from the Baboon Sanctuary, Mayan Ruins (Altun Ha) and the jungles of Central America. This quaint village of 1,200 in eco-friendly Belize is just 20 minutes from the Caribbean Sea, 11 miles from the International airport and 18 miles from downtown Belize.
Furnishings and equipment will convey with this property in Central Belize. This is a unique business opportunity or could be a large private home to enjoy the Belize peaceful and laid-back lifestyle. The structure was built in 1990-91 and designed for 200 mph hurricane force winds and 6.5 Richter scale earthquake in the village of Burrell Boom.
To bid on El Chiclero Inn through Auction Network, a bid deposit of $25,000 is required. The bid deposit must be received by Thursday, September 27, 2012. Please contact Shelly Fraley at 800.986.9320 to make wiring arrangements. Sewer: Septic Water and Electric: Public Utilities Companies

Auctioned: 12:00 PM EDT Friday, September 28, 2012

Auction Location: Online Only

Nominal Opening Bid: $100,000


Note: A Buyer’s Premium (Buyer’s Fee in WI) will apply for this property. Please see Terms of Sale for details.

Disclosures:
• 3% buyer's premium will be added to high bid amount. • Buyer will have the option to purchase the "El Chiclero Inn" name and branding at the time of Real Estate purchase. If option is not exercised at that time, the name and branding will remain with the seller. • Per Seller, property is the hurricane shelter for the merchant class in Belize City. •No title insurance will be provided on this sale.• Personal property list advertised may be different the final inventory at closing. Neither Williams & Williams, nor the seller are responsible for missing items. • The closing shall take place on or before November 13, 2012 as follows:- Provided the Purchase Price and all relevant fees and/or taxes for which the Purchaser is responsible under this agreement (e.g. stamp duty, recording fee) have been paid by the Purchaser and received into the aforesaid escrow account, the Transfer of land Forms shall be prepared by the Seller via his Attorney Samira Musa Pott, Attorney-at-Law of Suite 308 Marina Towers, Newtown Barracks, Belize City, within two (2) days of written approval of the title by the Purchaser as evidenced by a title search to be done at the Purchaser's request, and shall be sent via Federal Express to the Seller for his signing, the Seller shall sign the said transfer forms, and immediately send them via Federal Express or some other reliable courier company along with his original Land Certificate and his ID and signature page of his passport to the Offices of Samira Musa Pott. The Seller shall also by the closing date, show/send proof of property taxes being paid up on the property and present to the Purchaser any insurance policies and utility bills paid up to the closing date with respect to the property. Upon receipt of signed documents from the Seller, the offices of Samira Musa Pott as representative for the Seller, shall send the Transfer of land forms to the Purchaser for his signing, and upon signing the Purchaser shall immediately send back the signed transfer forms along with notarized copy of his ID and signatory page of his passport to the Law offices of Samira Musa Pott . The Purchaser agrees that if his nominee company is taking title that he will also send to the offices of Samira Musa Pott & Co. simultaneously with sending the signed Transfer Forms, notarized copies of the Company's By laws, Certificate of Good Standing, Register of Directors for the said company, signature and ID page of passport of any other Director of the Company who is a signatory on the Transfer of Land forms. Both parties agree and acknowledge that their actions and efficiency in getting the aforementioned documents signed and sent to the offices of Samira Musa Pott & Co. are being relied on so as to meet the closing date and have the documents lodged at the Lands Registry for filing on or before November 13, 2012. The Purchase Price less any expenses incurred by the Seller or on his behalf, shall be paid to the Seller by the Escrow Agent immediately (and in any event no later than 2 working days) upon the Escrow agent lodging the transfer of land forms in favor of the Purchaser at the Lands Registry and obtaining a Government of Belize Receipt evidencing stamp duty and recording fee having been paid.”

 

Auctioned: 12:00 PM EDT Friday, September 28, 2012

Auction Location: Online Only

Open to the Public: 1-4pm, Sunday, September 9, 2012

Disclosures:
• 3% buyer's premium will be added to high bid amount. • Buyer will have the option to purchase the "El Chiclero Inn" name and branding at the time of Real Estate purchase. If option is not exercised at that time, the name and branding will remain with the seller. • Per Seller, property is the hurricane shelter for the merchant class in Belize City. •No title insurance will be provided on this sale.• Personal property list advertised may be different the final inventory at closing. Neither Williams & Williams, nor the seller are responsible for missing items. • The closing shall take place on or before November 13, 2012 as follows:- Provided the Purchase Price and all relevant fees and/or taxes for which the Purchaser is responsible under this agreement (e.g. stamp duty, recording fee) have been paid by the Purchaser and received into the aforesaid escrow account, the Transfer of land Forms shall be prepared by the Seller via his Attorney Samira Musa Pott, Attorney-at-Law of Suite 308 Marina Towers, Newtown Barracks, Belize City, within two (2) days of written approval of the title by the Purchaser as evidenced by a title search to be done at the Purchaser's request, and shall be sent via Federal Express to the Seller for his signing, the Seller shall sign the said transfer forms, and immediately send them via Federal Express or some other reliable courier company along with his original Land Certificate and his ID and signature page of his passport to the Offices of Samira Musa Pott. The Seller shall also by the closing date, show/send proof of property taxes being paid up on the property and present to the Purchaser any insurance policies and utility bills paid up to the closing date with respect to the property. Upon receipt of signed documents from the Seller, the offices of Samira Musa Pott as representative for the Seller, shall send the Transfer of land forms to the Purchaser for his signing, and upon signing the Purchaser shall immediately send back the signed transfer forms along with notarized copy of his ID and signatory page of his passport to the Law offices of Samira Musa Pott . The Purchaser agrees that if his nominee company is taking title that he will also send to the offices of Samira Musa Pott & Co. simultaneously with sending the signed Transfer Forms, notarized copies of the Company's By laws, Certificate of Good Standing, Register of Directors for the said company, signature and ID page of passport of any other Director of the Company who is a signatory on the Transfer of Land forms. Both parties agree and acknowledge that their actions and efficiency in getting the aforementioned documents signed and sent to the offices of Samira Musa Pott & Co. are being relied on so as to meet the closing date and have the documents lodged at the Lands Registry for filing on or before November 13, 2012. The Purchase Price less any expenses incurred by the Seller or on his behalf, shall be paid to the Seller by the Escrow Agent immediately (and in any event no later than 2 working days) upon the Escrow agent lodging the transfer of land forms in favor of the Purchaser at the Lands Registry and obtaining a Government of Belize Receipt evidencing stamp duty and recording fee having been paid.”

 

Disclosures:
• 3% buyer's premium will be added to high bid amount. • Buyer will have the option to purchase the "El Chiclero Inn" name and branding at the time of Real Estate purchase. If option is not exercised at that time, the name and branding will remain with the seller. • Per Seller, property is the hurricane shelter for the merchant class in Belize City. •No title insurance will be provided on this sale.• Personal property list advertised may be different the final inventory at closing. Neither Williams & Williams, nor the seller are responsible for missing items. • The closing shall take place on or before November 13, 2012 as follows:- Provided the Purchase Price and all relevant fees and/or taxes for which the Purchaser is responsible under this agreement (e.g. stamp duty, recording fee) have been paid by the Purchaser and received into the aforesaid escrow account, the Transfer of land Forms shall be prepared by the Seller via his Attorney Samira Musa Pott, Attorney-at-Law of Suite 308 Marina Towers, Newtown Barracks, Belize City, within two (2) days of written approval of the title by the Purchaser as evidenced by a title search to be done at the Purchaser's request, and shall be sent via Federal Express to the Seller for his signing, the Seller shall sign the said transfer forms, and immediately send them via Federal Express or some other reliable courier company along with his original Land Certificate and his ID and signature page of his passport to the Offices of Samira Musa Pott. The Seller shall also by the closing date, show/send proof of property taxes being paid up on the property and present to the Purchaser any insurance policies and utility bills paid up to the closing date with respect to the property. Upon receipt of signed documents from the Seller, the offices of Samira Musa Pott as representative for the Seller, shall send the Transfer of land forms to the Purchaser for his signing, and upon signing the Purchaser shall immediately send back the signed transfer forms along with notarized copy of his ID and signatory page of his passport to the Law offices of Samira Musa Pott . The Purchaser agrees that if his nominee company is taking title that he will also send to the offices of Samira Musa Pott & Co. simultaneously with sending the signed Transfer Forms, notarized copies of the Company's By laws, Certificate of Good Standing, Register of Directors for the said company, signature and ID page of passport of any other Director of the Company who is a signatory on the Transfer of Land forms. Both parties agree and acknowledge that their actions and efficiency in getting the aforementioned documents signed and sent to the offices of Samira Musa Pott & Co. are being relied on so as to meet the closing date and have the documents lodged at the Lands Registry for filing on or before November 13, 2012. The Purchase Price less any expenses incurred by the Seller or on his behalf, shall be paid to the Seller by the Escrow Agent immediately (and in any event no later than 2 working days) upon the Escrow agent lodging the transfer of land forms in favor of the Purchaser at the Lands Registry and obtaining a Government of Belize Receipt evidencing stamp duty and recording fee having been paid.”

 
Auction Network Terms & Conditions of Service

Auction Network, LLC
Terms & Conditions of Service

The property is offered for auction by Williams & Williams Marketing Services, Inc. ("Williams & Williams"). Any questions regarding the auction process or a property should be directed to Williams & Williams or its designated representative. Auction Network, LLC ("Auction Network") serves solely as the online bidding service (the "Service") for Williams & Williams. Your use of the Service is governed by these Auction Network Terms & Conditions of Service, and the Auction Network Terms of Use located at the following URL: <http://www.auctionnetwork.com/TermsOfUse,> as amended from time-to-time by posted notices or oral announcements made during any auction.

Williams & Williams serves as the auctioneer, and represents the owner of the property at auction. The auction and conveyance of each property shall be governed by property specific Contract for Sale, Sale Day Notes, Disclosures, and the Williams & Williams Terms & Conditions of Sale. These documents govern your bid and the sale of each property, and can be accessed and reviewed at the Williams & Williams property specific web page.

DO NOT BID unless you have read the Williams & Williams Terms & Conditions of Sale, the Contract for Sale, Property Disclosures, and the Sale Day Notes for each property. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE PROPERTY SPECIFIC CONTRACT FOR SALE, DISCLOSURES, SALE DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE.

Auction Network, Williams & Williams, and the Seller are not responsible for technical difficulties during online or remote bidding. Occasionally, the Auction Network online bidding interface may be unable to submit bids in the live auction due technical difficulties including, without limitation' the lack of sufficient communication infrastructure at the location of the live auction. Online bidders are advised to place an absentee bid at least 1 day prior to the live auction to ensure their bid is entered into the live auction on the online bidder's behalf.

In the event of any conflict between Auction Network's Terms & Conditions of Service and the Williams & Williams Terms & Conditions of Sale, the Williams & Williams Terms & Conditions of Sale shall control in each instance.

Auction Network has no authority to, and does not provide, any guarantee, warranty, or covenant, of any kind or nature, regarding a property. Per the Williams & Williams Terms & Conditions of Sale, all properties auctioned are otherwise sold "AS-IS, WHEREIS" without any representation or warranty, express or implied, of any kind by Williams & Williams, Auction Network, or the respective seller, and with no financing, inspection or other contingencies to sale. Buyers must conduct their own due diligence and investigation of each property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction. Buyers must rely solely upon their own investigation and not any information provided by the Seller or Williams & Williams. Failure of a Buyer to be fully informed on the condition of a property will not constitute grounds for any claim adjustment or right to cancel sale.

Neither Auction Network nor Williams & Williams assumes any risk, liability or responsibility for the authenticity of the authorship of any property or livestock offered at this auction (that is, the identity of the creator or the period, culture, source or origin, or lineage, as the case may be, with which the creation of any property is identified).

The auctioneer has the right at his or her absolute and sole discretion to refuse any bid, to advance the bidding in such a manner as he or she may decide, to withdraw or divide any lot, to combine any two or more lots and, in the case of error or dispute, and whether during or after the sale, to determine the successful bidder, to continue the bidding, to cancel the sale or to reoffer and resell the item in dispute. If any dispute arises after the sale, our sale record is conclusive.

Any property may be withdrawn by Auction Network or Williams & Williams at any time before the actual sale without any liability therefore. If the auctioneer determines that any opening bid is not commensurate with the value of the article offered, he or she may reject the same and withdraw the article from sale, and if, having acknowledged an opening bid, he or she decides that any advance thereafter is insufficient, he or she may reject such advance.

These Auction Network Terms & Conditions of Service, Terms & Conditions of Use, Williams & Williams' Terms & Conditions of Sale, as well as the online buyer's rights and obligations hereunder, shall be governed by and construed and enforced in accordance with the laws of the State of Oklahoma. By bidding at this auction, whether in person or by agent, order bid, telephone, online, or other means, the buyer shall be deemed to have consented to the exclusive jurisdiction of the state and federal courts sitting in the State of Oklahoma.

You are registering to bid on the following properties, and as stated above, your bid, and the sale of the property, will be governed by the property specific Williams & Williams Contract for Sale, Disclosures, Sale Day Notes, and Terms & Conditions of Sale. Each of these documents are available for your review at the Williams & Williams property specific web page. DO NOT BID UNLESS AND UNTIL YOU REVIEW THESE DOCUMENTS. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE PROPERTY SPECIFIC CONTRACT FOR SALE, DISCLOSURES, SALE DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE.

Williams & Williams Terms & Conditions of Auction
El Chiclero Inn, Burrell Boom Village, BZ 74136

Registration for the auction confirms your agreement to these terms and conditions of sale and the terms of the Contract for Sale and its Addenda (the ‘Contract’) which are incorporated by reference into your bidding. DO NOT BID unless you have registered, received a Bidder’s Card and Sale Day Notes and have read and agreed to be bound by the terms of sale in the Contract as they are enforceable against you upon becoming a high bidder.

All properties are sold “AS IS, WHERE IS” with no financing, inspection or other contingencies to sale. Williams & Williams represents the Sellers only and does not inspect properties on bidder’s behalf. Read the Contract and Sale Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(s). By bidding you agree to all disclosures.

A Buyer's Premium of 3% will be added to the high bid and included in the total purchase price. Please see the Sale Day Notes, The Contract for Sale, and/or the Auctioneer for specifics about the property you wish to bid on.

Each high bidder must make a 10% non-refundable deposit immediately following auction. Cash, cashier’s checks, and personal checks (electronically processed) are accepted. If you are a resident / citizen of a country outside of the US, certified funds (bank check, wire transfer, certified checks) are required for the down payment and closing. The balance of the purchase price and all closing costs are due at closing, which shall occur within thirty (30) days of the offer acceptance date. If for any reason Seller does not perform or accept the terms of the Contract, the sole remedy shall be the return of Buyer’s deposit.

If you plan to bid online through Auction Network you must place a bid deposit of $25,000. Your bid deposit must be received via wire transfer 24 hours  before you bid. You will not be permitted to bid online if your bid deposit is not received prior to this deadline. Please contact Shelly Fraley in the Continental US at 918-362-6556 and International at 00+1+918-362-6556 to make wiring arrangements. In the event you are not the high bidder, your Bid Deposit will be refunded in total within 48 hours of conclusion of the auction (excluding weekends and holidays), without interest. Please see Property Information Packet for additional information.

THE SALE WILL BE CONTROLLED BY THE AUCTIONEER PROGRAM. Williams & Williams is not responsible for malfunctions or system errors which cause a bid or bidder to fail to be recognized or registered. If there is a dispute, the Auctioneer may re-open the bidding at the Auctioneer's sole discretion and shall serve as the sole arbiter as to who is or is not allowed to bid. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down properties or quantities offered, to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding and to accept or reject any or all bids. Absentee bids may be accepted at the discretion of the Auctioneer. Any and all decisions of the Auctioneer regarding the order and conduct of the auction shall be final and absolute without liability to any party. Seller reserves the right to cancel or withdraw any property at any time.

Bidding starts at the nominal Opening Bid(s) indicated and is open to all who have placed a bid deposit of $25,000 and are approved. The Auctioneer will call the sale and control any increments of bidding. The auction end at 12:00pm, Friday, September 28, 2012. The auction ends at a predetermined time with an Overtime Period if necessary, which is defined as follows: if a bid is placed within two (2) minutes of the close of bidding, then another two (2) minutes period commences from the time of the last bid until no bids are placed within the next two (2) minutes. The last bid shall be made final.

Your inspection of the property(ies) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any “invitee” relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(ies). All persons enter the property(ies) and attend the auction at their own risk and shall defend, indemnify, and hold harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto.

Within 24 hours immediately following the close of the auction, Auctioneer shall contact Buyer by electronic mail, telephone or facsimile to provide documents for execution. All purchase documents will be provided to the Buyer and Buyer will be required to sign and return all purchase documents to Auctioneer via overnight delivery. Buyer shall have two (2) days following the auction to return all completed documents or shall be subject to paying a liquidated damages amount equal to the down payment. If you wish to have the purchase documents reviewed by an attorney, please contact Auctioneer PRIOR to the Auction and we will provide them to you for review so as to not delay the post auction process. You may also obtain a copy of our current contract on our website at www.williamsauction.com. The contract is not subject to negotiation.

Offer, Acceptance and Closing Date: As the high bidder at an Auction of the Property by Seller, as recorded by the Auctioneer ("Broker"), Buyer made and hereby makes an irrevocable offer ("offer") under the terms herein to purchase the Property being offered and/or described herein. The offer shall be irrevocable for seven (7) business days from the date herein. Seller may accept the offer during this period or thereafter and Buyer shall be bound by it unless and until Broker receives from Buyer, after expiration of the irrevocable period, written revocation of the offer. Buyer and Seller agree that notice of Seller's acceptance may be sent to Buyer by Broker on Seller's behalf, via the fax, email or street address provided by Buyer herein or at Registration and incorporated herein. Buyer and Seller agree that Closing shall occur at a time and place to be set by the Closer, on or before the Closing Date indicated on the contract.

Williams & Williams and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for this sale. Please read the Contract and Sale Day Notes for a full and complete understanding of Williams & Williams and Seller’s disclaimers. Bidders are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the Seller or their agents and employees. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.

Auction Network
TERMS & CONDITIONS OF SERVICE

The property offered in this auction will be offered and sold by Williams & Williams Marketing Services, Inc. ("Williams & Williams"). Any questions regarding the auction process or a property should be directed to Williams & Williams or its designated representative. Auction Network, LLC ("Auction Network") serves solely as the online bidding service (the "Service") for Williams & Williams. Your use of the Service is governed by these Auction Network Terms & Conditions of Service, and the Auction Network Terms of Use located at the following URL: http://www.auctionnetwork.com/Site/TermsOfUse.asp, as amended from time-to-time by posted notices or oral announcements made during any auction.

Williams & Williams serves as the auctioneer, and represents the owner of the property at auction. The auction and conveyance of each property shall be governed by property specific Contract for Sale, Sale Day Notes, Disclosures, and the Williams & Williams Terms & Conditions of Sale. These documents govern your bid and the sale of each property, and can be accessed and reviewed at the Williams & Williams property specific web page.

DO NOT BID unless you have read the Williams & Williams Terms & Conditions of Sale, the Contract for Sale, Property Disclosures, and the Sale Day Notes for each property. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE PROPERTY SPECIFIC CONTRACT FOR SALE, DISCLOSURES, SALE DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE.

Auction Network, Williams & Williams and the Seller are not responsible for technical difficulties during online or remote bidding. Occasionally, the Auction Network online bidding interface may be unable to submit bids in the live auction due technical difficulties including, without limitation, the lack of sufficient communication infrastructure at the location of the live auction. Online bidders are advised to place an absentee bid at least 1 day prior to the live auction to ensure their bid is entered into the live auction on the online bidder's behalf.

In the event of any conflict between Auction Network's Terms & Conditions of Service and the Williams & Williams Terms & Conditions of Sale, the Williams & Williams Terms & Conditions of Sale shall control in each instance.

Auction Network has no authority to, and does not provide, any guarantee, warranty, or covenant, of any kind or nature, regarding a property. Per the Williams & Williams Terms & Conditions of Sale, all properties auctioned are otherwise sold "AS-IS, WHEREIS" without any representation or warranty, express or implied, of any kind by Williams & Williams, Auction Network, or the respective seller, and with no financing, inspection or other contingencies to sale. Buyers must conduct their own due diligence and investigation of each property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction. Buyers must rely solely upon their own investigation and not any information provided by the Seller or Williams & Williams. Failure of a Buyer to be fully informed on the condition of a property will not constitute grounds for any claim adjustment or right to cancel sale.

 

Property
El Chiclero Inn
Burrell Boom Village, BZ 74136
Directions From
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* Address placement is approximate


Property Is Being Offered By:
Williams & Williams
7120 S. Lewis Ave Ste 200
Tulsa, OK 74136

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