87.06 +/- Acres E Eighth Ave Kingman, KS 67068

Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, June 14th, 2022 at 2 PM (cst) | BIDDING CLOSING: Friday, July 1st, 2022 at 2:40 PM (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. ONLINE ONLY!!! Bidding is by the acre, please review the disclosures section for definition. OFFERED SEPARATE AND TOGETHER WITH PARCEL 5 A hunting and recreational paradise that offers countless opportunities but yet is still close to town. Being just over 87 acres, this land showcases its amazing recreational potential with the perfect balance of tillable land, wooded cover, and open grass. If you have been looking for a recreational property that is close to town but still lets you escape into nature, this property is for you. Do not let this opportunity pass you by. There is a current and active gas lease operating on the land that is generating a royalty income. The mineral rights to this land to transfer to the new buyer and the buyer will receive a portion of that income. The portion they will receive will be determined based upon how much acreage they purchase and the percentage that the acreage makes up of the entire land the lease is on. The royalty is a 1/8 royalty that has historically been producing payments to the owner of $750+/- a month, please note that this will fluctuate with current market prices for natural gas. If you have any questions, please contact the auction manager. 87.061 acres Pond Trees Tillable land Rolling topography Offered separate and together with parcel 5 8th St Road frontage 1 mile east of S Main St Zoned Agricultural IF YOU HAVE ANY QUESTIONS REGARDING THE “SEPARATE AND TOGETHER” AUCTION PROCESS, CONTACT THE AUCTION MANAGER PRIOR TO BIDDING. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, “as is where is” condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller’s agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer’s premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $20,000.