University Of Kentucky Uniofky #K-0972-27

University of Kentucky Real Estate Sale: 245 Bolivar Street, Lexington, KY

The University of Kentucky is offering a real estate sale opportunity for its property at 245 Bolivar Street, Lexington, KY. - Government Buyer: - University of Kentucky, Procurement Services, Room 322 Peterson Service Building - Purchasing Officer: Brian Schwegman - Property Details: - Approximately 0.7 acres, Parcel number 12018800 - Offered as a single lot - Minimum acceptable bid: $6.1 million - Sale is non-conditional, cash only - Property sold 'as is, where is' with no warranties - Bid Requirements: - Bidders must submit a certified check for 1% of bid price as deposit - Successful bidder must deposit $250,000 into escrow within 14 days of bid opening - Sale subject to negotiation and execution of a definitive purchase and sale agreement - No OEMs or vendors are specified, as this is a real estate sale - Unique Requirements: - No contingencies allowed (e.g., financing or inspections) - Lump sum, non-conditional bids only

Description

The University of Kentucky is soliciting bids for the sale of real property located at 245 Bolivar Street in Lexington, Kentucky. The property consists of approximately 0.7 acres and will be sold as is, with a minimum bid of $6.1 million. Bids must be non-conditional lump sum offers with no contingencies such as financing or inspections. A certified check of 1% of the bid price must accompany each bid as a good-faith deposit, and the successful bidder must deposit $250,000 into escrow within 14 days after the bid opening date.

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