Location! Location! Location!!

AUCTION

300 Rural Acres Drive, Beckley

(Not in city limits!)

12 Noon, Friday July 13, 2018

 Valuable Commercial Building  & * Personal Property from A-Z! (Personal property will be sold via ONLINE ONLY auction. Items can be viewed during the real estate auction)

Beckley, WV 25801

The real estate is a live on the lawn auction, also with live internet bidding available

Physical location: 300 Rural Acres Drive, Beckley WV

Quick summary: Offering 2 large multi-purpose buildings situated on 6 acres !

PERSONAL PROPERTY Highlights: Nice storage building, Conex storage unit, All kinds of tools and shop items, really nice commercial shelving, lots of office furnishings. All personal property will be sold ONLINE ONLY Auction. Questions contact Andrew Yoder at Kaufman Auction and Realty  304-931-1023  or visit Andrew’s website, Click here

Tract A: (with 3 acres+/-) Large Approx. 5000 sq. t. building that has so many possible uses. This building has most recently been used as phone center or AT & T. A unique feature of this building is that it is served by 2 separate 3 phase power grids (if one grid goes down the other grid can be activated). Tract A conveys with 3 acres

Tract B : (with 3 acres+/-) Large 14,700 sq. ft. steel span building right in Beckley, WV.  State of the art automated heating and cooling.

AutomatedLogic, WebCTRL Building automation system, web based access from anywhere with an internet connection.

Energy savings while optimizing comfort, temperature setback.

Energy consumption monitoring, main electrical meter monitoring

Solar panels, monitoring solar panel electrical generation.

Solar hot water heater

Panasonic/Sanyo VRF HVAC system, energy efficient

Energy efficient lighting

Come see the demonstration on the day of the auction.

This property has so many multi-purpose uses such as: manufacturing, HVAC, grocery store, used car dealer, auto repair shop, mini mall, office center, auction house, sports recreational related, and many other possible uses.

Approx. sq. footage 14,700 +/-

Tall ceiling height in back

Legal description: Town Tax Dist. 11, Map 1004, Parcel 54 Deed Book 5053, Page 4203, SUR 6.011 AC RURAL ACRES DR QUINNIMONT RD, Raleigh County, WV

• Not in city limits!
• Location, location, location!
• Paved parking
• Formerly used as Toyota dealership
• Large traffic count
• All utilities in place
• Well maintained buildings
• Unlimited potential

Visit our website for much more info. And photos

www.weselltheearth.com

These commercial buildings are located at 300 and 316 Rural Acres Drive, Beckley, WV 25801

Please contact Randy S. “Riverbend” Burdette for a private viewing of this property. Cell phone call or text 304-667-2897.

FOXFIRE REALTY (Richard Grist, Broker 1751) is pleased to offer this outstanding property in cooperation with Christi Short, agent with OLD COLONY Realtors (Joe Miller, Broker also assisting is Andrew Yoder 2086 with KAUFMAN AUCTION AND REALTY.(D. Anthony Kaufman, broker)

Basic Terms of the Auction.

Announcements made on the day of the auction take precedence over previously published or statements.

Legal description: Legal description: Town Tax Dist. 11, Map 1004, Parcel 54 Deed Book 5053, Page 4203, Raleigh County, WV

Conveyance: The property will convey free and clear of any liens or back taxes. The property will convey by a Warranty Deed. Closing is to occur within 60 days of the auction. Time is of the essence with this transaction. The property will convey by the existing legal description and shall be sold by the existing boundary.

Contract: The successful purchaser will be required to enter into a non-contingent purchase contract. The sale is not contingent upon appraisal, inspections, financing, etc.  Should the purchaser withdraw from the transaction prior to closing, the purchaser shall forfeit all moneys deposited.

Ernest Money Deposit On the date of the auction sale, Foxfire Realty shall collect from the highest bidder a deposit in the amount of NINETEEN THOUSAND DOLLARS ($19,000) PER PARCEL.  

Buyer’s Premium: A buyer’s premium for onsite bidders will apply of 10% will be added to the final auction block price and shall become part of the total contract/deed price.

Internet Buyer’s Premium: A buyer’s premium for internet/absentee bidders will apply of 12% will be added to the final auction block price and shall become part of the total contract/deed price.

Internet Online Bidding.   The auctioneers will make all reasonable efforts to present live online bidding as part of the auction if applicable; however cannot guarantee that the internet connections will always be in operation. The Seller acknowledges that the internet online bidding provided by a third party internet service (i.e. www.proxibibid.com) can be affected by situations that we cannot control. 

Five business day review period.  In the event that the highest bid at auction does not meet or exceed the reserve as established herein, or if the seller does not accept the lesser offer at the auction, the Seller shall have five (5) business days from the date of the auction sale to either accept or refuse the highest bid offered at auction.  On the day of auction, Foxfire Realty will prepare a written offer incorporating the terms of the auction sale to be signed by the highest bidder, prepare any other documents relevant to said auction sale or subsequent closing, and shall receive from the highest bidder the approved earnest money deposit.   The five (5) business day review period is binding upon the purchaser for this period until the seller declines the offer(s) in writing. The five business day review period shall expire on the fifth (5th) day at 11:59 pm local time.  In the event the seller fails to decline the offer prior to the expiration of the said review period, the offer shall be deemed to have been accepted and therefore shall become binding upon the seller and buyer.

Condition of the Property: Physical Condition of the Property. Purchaser acknowledges that it has examined and inspected, and is satisfied with, the physical condition of the Property and the improvements thereon. PURCHASER EXPRESSLY AGREES THAT THE PROPERTY IS OR WILL BE SOLD “AS IS, WHERE IS, WITH ALL FAULTS”, WITHOUT ANY WARRANTY OR REPRESENTATION, EXPRESS, IMPLIED, OR ARISING BY OPERATION OF LAW, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTY OF CONDITION, AVAILABILITY OF MINERAL OR SUBSURFACE RIGHTS, HABITABILITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, AND SUBJECT TO ORDINARY WEAR AND TEAR OCCURRING AFTER THE DATE HEREOF. Purchaser further acknowledges that neither Seller nor Auction Firm have made or extended to Purchaser any representation, warranty or indemnity with regard to the environmental condition of the Property or with regard to its compliance with the Americans with Disabilities Act of 1990, if applicable, and Purchaser hereby assumes sole responsibility therefore, indemnifies and agrees to hold Seller and Auction Firm, and each of their affiliates, agents, directors, employees and attorneys harmless from and waives any right, action, claim or cause of action it or its successors or assigns may have now or in the future against Seller and Auction Firm, and each of their affiliates, agents, directors, employees or attorneys with regard thereto. If the improvements on the Property are damaged after the date hereof but before settlement, Seller may (but shall not be obligated to) attempt to repair the improvements and, at Seller’s sole option, there shall be a reasonable extension of the settlement date in which Seller may attempt to complete the repair. If Seller notifies Purchaser that Seller does not intend to attempt repair, or if Seller attempts but is not successful in effecting repair and so notifies Purchaser, within ten (10) days of either such notification Purchaser shall either (I) terminate this Agreement, in which case Purchaser shall be entitled to the return of the Deposit and neither party shall have any further liability to the other, or (II) waive any objection to the damage and any right to reduce the Purchase Price, in which case Seller shall convey to Purchaser the Property with such damaged improvements as are then thereon and shall assign to Purchaser all of Seller’s right, title and interest to any insurance proceeds, if any, received or to be received in payment of damage to the improvements (but no other insurance proceeds, such as proceeds from damage to personal property).

The property is being sold “as is, where is” without any warranty or guarantee, except for a marketable title shall be furnished.

Personal Property:  NO PERSONAL PROPERTY IS BEING SOLD. Any personal property that remains after closing of the deed shall become the new owner’s sole responsibility to dispose of at their sole cost.

Settlement and Possession. Settlement shall take place on or before 45 days from Seller authorization at the offices of Purchaser’s attorney, who shall be the settlement agent in connection with this transaction for tax reporting purposes. Possession of the Property shall be delivered to Purchaser at settlement following payment of the Purchase Price, subject to the rights of tenants, if any. TIME IS OF THE ESSENCE AS TO THE COMPLETION OF SETTLEMENT.

Closing Costs: The Buyer will be responsible for paying ALL Closing costs associated with this transaction, regardless of what the local custom may be including the current year property taxes. The Buyer’s closing fees include the new deed preparation charge, document recording tax stamps, attorney closing fees, title inspection, recording fees, title insurance, insurance, overnight letters, etc. Annual real estate taxes will be prorated up to the date of closing.

Notice of Agency: The Auctioneer/Broker is acting as an agent for the Seller in this Transaction.

Default: If Purchaser defaults hereunder, Seller may retain the Deposit and may also pursue such remedies as are available to Seller at law or in equity, including, without limitation, an action for specific performance. If Seller defaults hereunder, Purchaser’s sole remedy shall be the return of the Deposit and the Purchaser expressly and unconditionally waives and releases any other claim, demand injury, or cause of action, whether at law or in equity. A termination of this Contract pursuant to the termination provisions set forth in sales agreement/contract paragraphs 4, 6, and 7, shall not be deemed to be a default of either party hereunder.

Miscellaneous: Except as set forth above, each party hereto represents that it has not involved any agent, broker, or finder in this transaction and agrees to indemnify, defend, and hold the other party and the Auction Firm harmless from any claim in connection therewith. The provisions of this Contract shall survive settlement. The parties hereto acknowledge that neither has relied upon any oral representation of the other or of the Auction Firm, that no such oral representation will affect in any way the terms of this Contract and that this Contract represents the final and complete understanding between the parties. This Contract cannot be modified or amended, and no waiver or any provision hereof shall be effective, unless in writing executed by the parties hereto. This Contract shall be construed, performed and enforced in accordance with the laws of the State of West Virginia without regard to the conflicts of law’s provisions of West Virginia law. Except as provided in the sales agreement/contract paragraphs 6 and 7, the risk of loss or taking shall remain with Seller until settlement. This Contract shall inure to the benefit of and will bind the parties hereto and their respective heirs, personal representatives, successors and assigns. Purchaser may NOT assign its rights under this Contract except by consent of the seller. However, any such assignment shall not release Purchaser from any liability hereunder the terms of this contract. This Contract may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Contract. Notwithstanding any other provision of this Agreement, or any agreements, contracts or obligations that may derive here from, nothing herein shall be construed to make the parties hereto partners or joint ventures or to render either party liable for any of the debts or obligations of the other party, it being the intention of this Contract merely to create the relationship of seller and purchaser with regard to the Property. All parties to this Contract have been represented by counsel or have had the opportunity to be so represented. Accordingly, the rule of construction of contract language against the drafting party is hereby waived by both parties. If any provision of this Contract or the application thereof is deemed unenforceable for any reason, the remainder of this Contract shall not be affected thereby and shall remain in full force and effect. Notwithstanding any mention of specific acreage in any description of the Property, the parties hereby agree that the Property is being sold in gross and not by the acre.

The parties’ rights and obligations hereunder shall not be affected if a subsequent survey of the Property reveals a different acreage. TIME IS OF THE ESSENCE IN CONNECTION WITH THIS CONTRACT.

Day of the Auction: All announcements from the auction block will supersede any and all previously published or written material. This auction is being recorded. The auctioneer will accept normal increases in the bid price. The auctioneer reserves the right to reject any bid increment that is not in the best interest of the seller. Foxfire Realty and Sellers have gathered this information and believe it to be correct to the best of our knowledge. However, we strongly recommend that you inspect the property prior to bidding to determine the accuracy of statements made in promotional materials. All information is deemed correct but not guaranteed. Announcements made day of sale take precedence over written matter.

Legal proceedings, in the event of legal action the sole and exclusive venue shall be Greenbrier County, WV. All parties agree the time limit is within one year of the writing of this document.

Richard Grist broker, 1751 Auctioneer is licensed by the WV Dept. of Agriculture and bonded in favor of the state of WV.

FOXFIRE REALTY

 Richard Grist, Broker/Auctioneer 1751/Forester

Office located in historic Lewisburg at 1029 Washington Street East, WV 24901

Greenbrier Valley Phone 304.645-7674 – Beckley area 304-256-0463 or Alderson 304-445-2897 

email randy@foxfirenation.com

“The Real Estate Auction Man”

Randy S. “Riverbend” Burdette, CAI 927 Auctioneer/Realtor

Thinking of Selling? Call or text Randy at 304.667.2897

updated 6/027/2018 2:30 pm EDT