"Curtis Bay"

Law Offices of Arthur L. Drager, LLC
One N. Charles Street – Suite 1200
Baltimore, MD 21201

ESTATE & OWNER’S AUCTION

CORNER TAVERN
Three Story Brick Building
7-Day Liquor License & Equipment

Formerly Known As
“Lucky’s Pennington Station”

Sale On Premises
4901 PENNINGTON AVENUE
Corner Cherry Street
Baltimore, MD 21226

WEDNESDAY, OCTOBER 3, 2018
AT 2:00 P.M.

NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

Real Estate

      Three story brick end-of-group building, situated at the northeast corner of Pennington Avenue and Cherry Street. According to public tax records, the building was constructed in 1900 and contains 3,114 square feet of gross building area. The building is believed to contain a bar and tavern on the first floor and apartment above. Zoning C-2, commercial. Lot size 18′ x 85′. In fee simple. Sale by order of BTS 2016, LLC.

License & Equipment

      7-Day Beer, Wine & Liquor License (LBD7) – permits alcoholic beverage sales for on and off-premises consumption. The transfer of this liquor license is subject to the approval of the Board of Liquor License Commissioners of Baltimore as in the case of an original application. It shall be the sole responsibility of the purchaser to obtain said approval and to make application for transfer of the license within seven business days of the auction. The license is located in the 46th district of Baltimore City, which includes much of south Baltimore.

      Bar and tavern equipment remaining on the premises and belonging to the Estate of Terry Lee Geoghegan is included in the sale. Sale by order of Arthur L. Drager, Personal Representative.

Manner & Terms of Sale

• First Offering – Real Estate will be offered and the bid reserved. Deposit $5,000.
• Second Offering – License & Equipment will be offered and the bid reserved. Deposit $2,500.
• Third Offering – The real estate, license and equipment will be offered as an entirety. Deposit $7,500.

      TERMS OF SALE (Real Estate): Deposit as stated above, payable by cashier’s check, will be required of the Purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the Purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, rents, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract and assumed thereafter by the Purchaser. The property will be sold in “AS IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Seller is unable to convey good and marketable title, the Purchaser’s sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the Purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the Purchaser. Time is of the essence.

      TERMS OF SALE (License & Equipment): Deposit as stated above, payable by cashier’s check, will be required of the Purchaser at time and place of sale. Balance to be paid in full within 24 hours at the Auctioneer’s office. Time is of the essence.

No buyer’s premium