Four Commercial Properties - Spotsylvania, VA

Details

4802 Hood Drive

207 McGowan

209 McGowan

205 Wilcox

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This auction offers a rare opportunity to purchase 3 adjoining parcels with tremendous future potential & excellent current rental cash-flow! Hood Drive property has a huge daily traffic count on this busy cut-through between Rt. 1 & Courthouse Rd, is within ½ mi. of the I-95 ramps at Massaponax, & is improved with a brick cape-cod home. McGowan Drive properties each feature large rental homes & share a boundary with the Hood Drive parcel. These three properties all have current Residential zoning, but have great future commercial potential per county master plan. 205 Wilcox Street, is improved with a lovely single family home, is already ZONED C-2 and available for uses under that classification. These properties have been generating monthly rental incomes of $1200 each. Don’t miss this opportunity to purchase investment quality real estate that can generate positive cash flow while you make your big future plans for these properties!

4802 Hood Drive

POTENTIAL COMMERCIAL

3 Bedrooms, 1 and 1/2 Baths, Stone Cottage Style home, Large Kitchen, Large Family Room, Hardwood Floors, Stairs to Unfinished Attic, Approximately 1248 square feet, Unfinished Basement, Large Lot, Just minutes to Route 1 or Courthouse Road or I-95. Also close to downtown Fredericksburg and shopping.

207 McGowan Drive

GOOD INVESTMENT PROPERTY

Large Duplex Style Home, Hardwood Floors, 4 Bedrooms, 2 Full Baths, Large Play Area over 2 Car Attached Garage, Floored Attic with Stairs, Central Air, Washer, Dryer, Refrigerator and Disposal

209 McGowan Drive

GOOD INVESTMENT PROPERTY

Large Duplex Style Home, Hardwood Floors, 4 Bedrooms, 2 Full Baths, Refrigerator, Stove

205 Wilcox Street

COMMERCIAL PROPERTY

Rambler, 4 Bedrooms, 2 Full Baths, Hardwood Floors Under Vinyl, Aluminum Siding and Stone, On Nice Lot, Ceiling Fans, Large Kitchen includes Refrigerator, Washer, Dryer, Paved Driveway, Approximately 1560 Square Feet, Conveniently located between Route 1 and Courthouse Drive

Auction Terms

4802 Hood Drive * 207 & 209 McGowan Drive

& 205 Wilcox Street, Spotsylvania, VA 22408

Friday, May 28, 2010 @ 11:01 AM

This property is being sold As-Is, Where-Is with any & all faults, and subject to all laws, ordinances, easements, plats, titles, & any other matters of record. This real estate is being sold subject to the confirmation of the owners. A 10% Buyer’s Premium will be added to the highest final bid and will become a part of the total contract price. The non-refundable deposit in the amount of 10% of the high bid amount in the form of Cash or Certified funds, made payable to At Auction, Inc., is due immediately following the auction with the balance due at closing within 30 days. Time is of the essence. Obtaining financing, if needed, is the sole responsibility of the purchaser. No owner financing is being offered. The sale is not contingent upon the purchaser obtaining financing or any other matters. All bidders & purchasers hereby waive their rights to any post sale rights of rescission periods & understand the sale is immediately binding & irrevocable. No loan points payments, closing cost assistance, or any other purchase incentive is being offered. While all information regarding this property has been from derived sources deemed reliable and believed correct; neither the Sellers, Auction Firm, Facilitators, or their representatives; make any guarantees or warranties, expressed or implied whatsoever; regarding, without limitation; the structural integrity, physical condition, construction, extent of construction, workmanship, materials, habitability, zoning, ability to subdivide, fitness for a particular use or purpose, topography, soil type or content, functionality of any & all systems, availability of public utilities, or merchantability of all or any part of the property. Prospective purchasers shall rely solely upon information obtained through their own due diligence. Any reliance upon the information provided shall be solely at the risk of the bidders and purchasers. The Auctioneer retains the right to bid on behalf of the Sellers, accept or reject any bids, determine the bid increments, &/or modify the deposit requirement. This property was built prior to 1978 and could potentially have the presence of lead-based paint. The purchaser’s lead-based paint inspection period ends on midnight prior to the auction date of sale. The Purchaser shall waive their rights to any rescission periods, lead-based paint disclosure forms or inspections, radon inspections, &/or any other home inspections; and shall accept the property As-Is. All parcels will be sold sparately and then in combination. These terms, signed by each purchaser, and all announcements made from the auction block become part of the agreement to purchase contract.