auction details

Superior Construction & Repair (SCAR)

Commercial Real Estate

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Brief Description

Please see Brochure Under Documents for more information!

Auction Schedule

Live On-Site Auction

Began: 09/16/17 at 12:00 PM EDT

Location: 865 Oak Avenue, Spruce Pine, NC 28777

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Details

REAL ESTATE

TRACT A

COMMERCIAL REAL ESTATE – 2.25 Acres (Divided), 10,430 Sq. Ft. Metal Building

Valuable commercial real estate situated in downtown, conveniently located off of Hwy. 19E on Oak Ave.

Main Building -  60’x112’ (10,430 sq. ft.) Metal Building situated on 0.63 acres.  18’ Eave Height. Equipped with 3-Phase electricity for welding machines & machine shop equipment.  (3) large roll-up doors, equipped for overhead hoist, 40’x60’ upstairs mezzanine with shelving.  Office area with restroom, men’s restroom with shower, employee break room. Back building for parts & storage.  City water & sewer.

 

 

TRACT B

Located across Oak Ave. in front of main building.  1.62 acres that SCAR used for parking equipment and inventory.  This property has a producing well on it.

 

Tracts A & B will be offered together.

 

To inspect the real estate, contact Jerry King at 828-230-7075. Real estate shown by appointment only.

 

TERMS:  10% down day of sale.  Balance due within 30 days at closing.  A 10% Buyer’s Premium will apply.  To be sold at Absolute Auction.  The deposit may be made in the form of cash, cashier’s check, personal check or corporate check.  Your bidding is not conditional upon obtaining financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing on or before 30 days.

 

PURCHASE AGREEMENT:  The successful bidder will be required to enter into a purchase agreement at the auction site, immediately following the auction.

 

POSSESSION:  Possession is at closing, which shall take place within 30 days of the auction.

 

PROPERTY INSPECTION:  Each potential bidder is responsible for conducting, at their own risk, their own independent inspections, inquiries and due diligence concerning the property.

 

AGENCY:  King Auction & Realty Co., Inc. and its representatives are acting as agents of the seller.

 

BROKER PARTICIPATION INVITED:  Subject to auction company guidelines, which are available at www.bidkingauctions.com or call 1-800-359-5608.  There will be ABSOLUTELY NO sale day registrations.  Brokers buying in any form as a principal are not entitled to broker participation fee.

 

DISCLAIMER & ABSENCE OF WARRANTIES:  All information contained in this brochure and all related materials are subject to the Terms & Conditions outlined in the Purchase Agreement.  The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the seller or the auction company.  The information contained in this brochure is subject to verification by all parties relying on it.  No liability for its accuracy, errors or omissions is assumed by the seller of the auction company.  Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer.  The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question to the person’s credentials, fitness, etc.  All decisions of the Auctioneer are final.  ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

Auction Terms

TERMS:  10% down day of sale.  Balance due within 30 days at closing.  A 10% Buyer’s Premium will apply.  To be sold at Absolute Auction to high bidder.  The deposit may be made in the form of cash, cashier’s check, personal check or corporate check.  Your bidding is not conditional upon obtaining financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing on or before 30 days.

 

PURCHASE AGREEMENT:  The successful bidder will be required to enter into a purchase agreement at the auction site, immediately following the auction.

 

POSSESSION:  Possession is at closing, which shall take place within 30 days of the auction.

 

PROPERTY INSPECTION:  Each potential bidder is responsible for conducting, at their own risk, their own independent inspections, inquiries and due diligence concerning the property.

 

AGENCY:  King Auction & Realty Co., Inc. and its representatives are acting as agents of the seller.

 

BROKER PARTICIPATION INVITED:  Subject to auction company guidelines, which are available at www.bidkingauctions.com or call 1-800-359-5608.  There will be ABSOLUTELY NO sale day registrations.  Brokers buying in any form as a principal are not entitled to broker participation fee.

 

DISCLAIMER & ABSENCE OF WARRANTIES:  All information contained in this brochure and all related materials are subject to the Terms & Conditions outlined in the Purchase Agreement.  The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the seller or the auction company.  The information contained in this brochure is subject to verification by all parties relying on it.  No liability for its accuracy, errors or omissions is assumed by the seller of the auction company.  Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer.  The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question to the person’s credentials, fitness, etc.  All decisions of the Auctioneer are final.  ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

 

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King Auction & Realty Company

http://bidkingauctions.com

P.O. Box 800 Fletcher, NC 28732

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AuctionServices
King Auction & Realty Co., Inc.
P.O. Box 800 • Fletcher, NC 28732
Ph: 828-684-6828
Fax: 828-684-5217