Hershberger Real Estate & Gas/Oil Rights Auction

64 Acre Farm – Gas/Oil Rights

GPS Coordinates: 40.1934432983398 -82.2602920532227. Location: 11000 Fallsburg Rd. NE Frazeysburg OH 43822. From Newark & Rt. 16 take SR 79 north 13 miles to Fallsburg Rd. to farm. From SR 541 midway between Martinsburg & Coshocton take SR 79 south 11 miles to Fallsburg Rd. to farm. Watch for signs!

Thursday June 28^th, 2012

6:00 PM

* 64.373 Acres * Fallsbury Township * Licking County * Ranch Home * 32’x60’ Pole Building * No Current or Active Leases - Cell Tower Income – Owned Gas/Oil Well Income – Gas/Oil Rights offered separate – Wooded Land w/ Timber – Secluded setting *

Preview Date: Monday June 18^th, 5 – 7 PM

A great recreational farm that provides an immediate return on investment with substantial income from a cell tower lease & an owned gas/oil well. The property also is not under any current or active leases for oil & gas and is located within the ODNR Utica shale play map. This farm is located on a dead end road and the trees create a natural barrier providing a very secluded setting. The ranch home has 2 bedrooms, full bath, kitchen, living room with stone fireplace, laundry/utility room. This home was previously rented for $800 per month and could be used as a rental or would make a nice permanent residence or a great hunting cabin. Utilities include well & septic, central air, gas forced air heat. 32’x60’ Pole Building has 2 overhead doors, electric and plumbed for gas. The land is mostly wooded with some mature timber. The cell tower produces $8,500/year and the gas/oil well has been producing around $2,200 per month in oil. This is one of those rare opportunities to invest in rural acreage that has a built in cash flow of this significance! For maps, parcel information, title opinion, & timber evaluation please visit our website www.kaufman-auctions.com or contact Curt.

Parcel 1: 20.084 Acres w/ ranch home & pole building. Surface rights only.

Parcel 1A: Gas & Oil Rights only for Parcel 1. No current or active leases.

Parcel 2: 44.289 Acres w/ cell tower site. Surface rights only.

Parcel 2A: Gas & Oil Rights and existing owned gas/oil well. No current or active leases.

Terms: 10% nonrefundable down payment, balance at closing, no financing contingencies. In bidding buyer is asserting that they will have the funds to close. 10% buyer’s premium will be added to highest bid price to determine final contract price. Any required inspections must be completed prior to bidding. All information gathered from sources deemed accurate but is not guaranteed. Buyer must independently investigate and confirm any information or assumptions on which any bid is based. Farm will be offered in parcels & combinations. Legal: Parcel #’s 01403204600 & 01403204000 located in Fallsbury Twp. of Licking County and the Riverview LSD. Taxes are $1,917.33 per half year.

Auction by order of:
David Hershberger