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Property Description: This
commercial site is located on one of the busiest streets in North
Wilkesboro with some 300 feet of frontage along Second Street and
offers easy access to a level lot. The Building has been used as a
pizza den, drug store and church but has not been used for some 5 or 6
years. The Building is an A frame structure and has approx. 2900+ sq ft
under roof with one main hall (for dining/ meeting/classes/ ect.) and a
second large room which was used for a kitchen, office, and two and
half baths. The Upstairs contains a major storage area and a furnace
room. The owners have told me to sale this building at ABSOLUTE AUCTION
due to health reasons. One major item that needs to be repaired
immediately, by the new owner, is the roof which shows some current
water damage, otherwise the structure is sound.(Tax ID # 1400416,
current tax value is $157,410.00)
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Terms (Real Estate Property)
MEMORANDUM OF TERMS AND CONDITIONS
ABSOLUTE AUCTION - FEBRUARY 22ND 2014 12:00 NOON
PROPERTY OF GARRY L. FARRINGTON & GLENDA C. FARRINGTON, OWNERS
1208 SECOND STREET, NORTH WILKESBORO, NC 28659
1. The Real Estate sells strictly “AS IS, WITH ALL
FAULTS”. No warranties are given or implied. No
improvements/repairs will be made by the owners/sellers.
All information is believed to be correct but is not guaranteed.
Prospective purchasers are required to have all necessary/desired
property inspections that constitute a condition of sale completed
prior to the auction. It is the purchaser’s responsibility to
conduct his/her own due diligence, and must understand he/she is buying
the property entirely upon his/her own examination and opinion.
The information contained herein has been obtained from sources deemed
reliable and although every precaution has been taken to insure its
accuracy neither the seller or Great State Auction Company nor any of
their agents will be responsible for any errors or omissions contained
herein. All square footages are approximate. Insurable
Title will be delivered by NC General Warranty Deed.
2. All potential bidders are to provide a bank letter
of guarantee (for earnest money checks only) unless prior approval by
Auction Company and/or owner has been obtained. The successful Bidder
will be required to sign all necessary documents which may include:
Auction Offer to Purchase Sales Contract, Terms and Conditions
Memorandum, Bidder Certification Statement and an Agency Disclosure
Statement.
3.
A non-refundable
deposit of Six Thousand Dollars ($6,000.00) will be
required at time of sale, to be held in Escrow by Tim Joines,
Attorney, East Main Street, Wilkesboro. Balance of PURCHASE PRICE is
due upon transfer of
title, on or before March 28th, 2014. Your down payment is
non-refundable unless the Seller cannot pass a clear insurable
title. Your non-refundable down payment must be in the form of
CASH, CASHIER’S CHECK or an APPROVED PERSONAL CHECK (if you have
sufficient identification such as a valid Drivers License and Social
Security Card, etc.) Absolutely NO Second Party Checks accepted.
4. Buyer’s inability to secure a loan for the balance
of the sales proceeds is not an excuse to void the sale/purchase.
“REAL ESTATE SELLS ABSOLUTE - AS IS”
ANY ANNOUNCEMENTS MADE DAY OF SALE SUPERSEDES ANY PRINTED MATERIAL.
REAL ESTATE BROKERED BY (As Agent of the Seller) W. Randall Woodruff, d/b/a
GREAT STATE AUCTION COMPANY, 104 E. MAIN ST, WILKESBORO, NC 28697
NC Real Estate Brokers License #33312, NC Auctioneers License #6868
Buyer’s agent fees are the sole responsibility of the buyer.
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