FORECLOSURE AUCTION
Auction: June 5th at 12:00 noon
Auction to be held on site
Previews: View at your leisure or by appointment
Prime Property for Commercial-Industrial Development
Roanoke, Virginia
4.04 +/- Acres
Zoned I-1
Public Utilities
150’ Road Frontage
Tax Map #5380111
Engineered for a 6,000 sf Building
By: Parker Design Group, Salem, Virginia
Comprehensive Site Plan Available
Comprehensive Site Plan for subject property:
By: Parker Design Group
Engineers - Surveyors -
Planners - Landscape Architects
816 Boulevard, Salem, VA
Engineering Plans include:
1. Comprehensive Site Plan
2. Grading and ESC
3. Utilities
4. Grading
5. Erosion and Sediment Control
6. Retaining Wall
7. Storm Water
Plans available upon request. Plans may be picked up at Walker Commercial Services’ offices at 101 Albemarle Avenue, SE, Roanoke, VA - Located next to Community Hospital - Downtown Roanoke - Easy Parking
Basic Terms and Conditions
1. REGISTRATION: Bids accepted only from registered bidders. Bring driver’s license for identification. A Cashier’s Check in the amount of 10% of the High Bid Price is required for registration.
2. DEPOSIT: Each successful bidder will sign a Memorandum of Sale immediately following the falling of the hammer, and the Cashier’s Check (of 10% of the High Bid Price) will be held by the Substitute Trustee and will be applied to the purchase price at closing. Deposit is Non-Refundable.
3. CLOSING: Closings are to take place within 30 days of sale - Time will be of the Essence.
4. DEED: Property to be conveyed by Special Warranty Deed. Property being sold by Substitute Trustee, pursuant to terms of Deed of Trust. Trustee retains the right to cancel sale or reject any bids prior to the hammer falling.
5. ANNOUNCEMENTS: Announcements made on the day of sale take precedence over all prior releases, both verbal and written, concerning this sale or properties.
6. “AS-IS”, “WHERE-IS”: All properties, will be sold “AS-IS”, “WHERE-IS”. Potential Buyers must perform such independent investigations with respect to property as they deem necessary to verify information provided by Auction Company or Substitute Trustee.
7. WARRANTY: All information provided by Auction Company and Substitute Trustee is deemed reliable but is not warranted. The information contained in this brochure and any advertisements by Auction Company or Substitute Trustee are subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company and Substitute Trustee.
8. REPRESENTATION: Auction Company and its representatives represent the Seller.
9. BUYER’S PREMIUM: There is a 5% Buyer’s Premium in effect on day of sale. The Buyer’s Premium is added to the high bid amount, to determine the Contract Sales Price.
10. BID INCREMENTS: Auctioneer reserves the right to set bid increments.
