Corporate Dissolution
Commercial and Residential Properties in North Georgia
SELLING AT ONLINE AUCTION
BID DEADLINE (Starts To Close): Wednesday, June 18th @ 10 AM
3750 & 3789 Old Cleveland Highway, Cornelia GA 30531
ASSET DESCRIPTION: This auction is for two properties. One has been an auto sales and service business and the other, an adjacent lot, is a private residence. These properties will be offered individually as Lots 2 and 3. We will also offer them as a package, Lot 4. for those who are interested in both properties. Whichever option delivers the highest total bid amount will be the winning bid.
Lot 2 – 3789 Old Cleveland Highway - 1.29 +/- acre corner commercial lot with office, shop and storage buildings, including a 100’ x 36’ covered area for storage of boats, trailers, RV’s, etc. Located at the intersection of Old Cleveland Highway and Highway 105 this property has incredible potential for an investor or end user. Minutes from Highway 365 (I-985) the property offers very high visibility and easy access.
Lot 3 – 3750 Old Cleveland Highway – 1.01 +/- acre residence at rear of and adjacent to 3789 Old Cleveland Highway which is offered as Lot 2 in this auction. Built in 1971, this 2,594 +/- sq. ft. split-level is a 3 BR / 2 BA home perfect for the right investor. Level, fenced yard and convenient to schools, shopping, dining and more. This property currently has a life estate attached to it which allows the current occupant to remain housed in it until their death. Please contact Auctioneer with questions and for full explanation. Additional information regarding the life estate will be posted soon.
Lot 4 - The Combination of 3789 and 3750 Old Cleveland Highway. This lot is for the 1.29 +/- acre commercial corner lot with multiple buildings and the 1.01 +/- acre residential lot with a house. Whichever option, individual lots or the combination of both, delivers the highest total bid amount will be the winning bid.
These properties are located near town and convenient to a hospital, medical offices, restaurants, schools and other businesses.
LOCATION: 3750 & 3789 Old Cleveland Highway, Cornelia GA 30531
ONLINE BIDDING REGISTRATION: Online bidding to begin on June 8th.
INSPECTION: Contact Auctioneer to Arrange
You are STRONGLY advised to inspect the property, in person, during the inspection period in order to validate the descriptions and/or photographs posted for this auction. Should you have any questions, please contact Scott Schwartz at 404-550-3490 or scott@bullseyeauctions.com or Rick Sammons at 770-490-0798 or rick@bullseyeauctions.com
TERMS: A non-refundable earnest money deposit shall be ten percent (10%) of purchase price shall be wired to Bullseye Auction & Appraisal within 24 hours of contract acceptance. Closing shall occur within 30 days of contract acceptance.
This property is being sold “AS IS, WHERE IS” with no warranties expressed or implied. Buyers should carefully verify all items and make their own decision as to the accuracy thereof before relying on the same. Properties may be added or deleted without notice. All properties are subject to prior sale. Online bid increments are at Auctioneer’s discretion. All sales are final.
CLOSING: Purchaser responsible for designating closing attorney and all associated costs. Property to close within 30 days of contract acceptance.
LEGAL CONTRACT – Your participation in our auction is your acknowledgement and acceptance of the terms and conditions presented here. Your failure to adhere to any of these terms and conditions may constitute a breach of contract and may cause irreparable harm to Bullseye Auction & Appraisal and/or our client. In this event, we and/or our client(s) may attempt to recover any financial or other damages by pursuing any action afforded by law.
SALES TAX: Applicable sales tax will be added to all assets UNLESS proper tax exempt forms are brought with you to the auction, NO EXCEPTIONS.
BUYER’S PREMIUM: There is a 10% Buyer’s Premium for this auction. Example: For a high bid of $100,000, a 10% buyer’s premium of $10,000 will be added making the purchase price $110,000.
SALE MANAGERS:
Scott Schwartz at 404-550-3490, GAL# 2643
Rick Sammons at 770-490-0798, GAL# 3575
AUCTION GENERAL TERMS AND CONDITIONS
(Please refer to the auction specific terms & conditions for more detailed info)
3750 & 3789 Old Cleveland Highway, Cornelia GA 30531
AUCTION LOCATION & TIME: Auction location and time will be posted on individual website posting. If online only, registration and bid deadlines will be posted on individual website posting.
INSPECTION: Bidders are encouraged to make their own inspections prior to bidding. Please contact Auctioneer for instructions on how to inspect property.
AUCTION REGISTRATION: Registration for live auctions will begin one hour before the scheduled auction. For online auctions, please view individual auction posting on website for registration instructions.
BROKER PARTICIPATION: Unless noted otherwise in property listing or herein, a broker commission of three (3%) of high bid amount will be paid on real estate. A commission will be paid to the properly licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by mail, email, fax or hand delivery using the Broker Registration Form posted to the website for the property listing within 48 hours of the scheduled auction. Broker must also attend the auction and sign the Auction Real Estate Sales Contract if their client is the winning bidder. Commissions to be paid only upon closing. A Broker cannot act as a principal and a broker on the same transaction.
AGENCY: Bullseye Auction & Appraisal, LLC is acting as agents for the Seller.
TERMS: Unless otherwise noted on the website, the winning bidder will submit a non-refundable earnest money deposit in the amount of ten percent (10%) of purchase price made payable to Bullseye Auction & Appraisal, LLC Escrow Account or Designated Escrow Agent. Immediately following the auction, winning bidder will sign an “as-is” Auction Real Estate Sales Contract. A copy of the Auction Real Estate Sales Contract may be reviewed prior to the auction. Please contact Auctioneer for a copy.
CLOSING: Unless otherwise noted, balance of the purchase price is due within 30 days of Auction Real Estate Sales Contract acceptance.
CLOSING ATTORNEY: Closing to occur at the offices of the Seller Designated Attorney. Buyer is responsible for all closing fees charged by Seller Designated Attorney.
BUYER’S PREMIUM: A buyer’s premium MAY OR MAY NOT be added to the high bid. Not all auctions have a Buyer's Premium added to the high bid amount. Check actual property description for details on whether or not there is a Buyer's Premium charged for this auction. If a Buyer's Premium is charged, the total premium is 10% of the high bid amount. Example: For a high bid of $100,000, a 10% buyer’s premium of $10,000 will be added making the purchase price $110,000.
AUCTIONEER’S AUTHORITY: Bid increments are at the discretion of the Auctioneer. Auctioneer shall make the final decision as to the final high bid amount and winning bidder.
FINANCING: Financing is NOT a contingency to the Auction Real Estate Sales Contract. Bidders are encouraged to have all necessary financing in place prior to registering for the auction.
INSURABLE TITLE: Unless otherwise noted and announced at the auction, Auction Real Estate Sales Contract is contingent upon Sellers ability to convey insurable title.
SPECIAL NOTE: Property is selling “as-is, where is” with all faults and is selling subject to easements, leases, restrictions, zoning, covenants, conditions and all other matters revealed by a survey or by inspection of the property or contained in public records. Real property to be conveyed by limited or special warranty deed. Only the following sale closing costs will be paid by seller: (1) Commissions or brokerage fees to auctioneer and/or cooperating Brokers as set forth in separate agreement with auctioneer, and as established in these Terms and Conditions; (2) reasonable title corrective expenses, in Seller’s sole determination; and (3) prorated property taxes and back taxes due, if any. All other closing costs, including but not limited to surveys, title examination, tax stamps, loan closing costs, and closing attorney fees are at the expense of the Buyer. Unless noted otherwise, Buyers pay all closing fees charged by closing attorney.
Although every precaution has been taken to ensure the accuracy of all printed and announced information, neither the seller, Bullseye Auction and Appraisal, LLC, nor their agents will be responsible for any errors or omissions herein. Bidders are encouraged to carefully inspect the property and information before registering for the auction and placing a bid. Auctioneer reserves the right to add or delete any property prior to the scheduled auction date. Announcements made on the day of the auction take precedence over all advertising.
PRE-AUCTION OFFERS: All offers must be submitted to Auctioneer no later than 48 hours prior to each scheduled auction.
SALE MANAGER: Please view individual website posting for Auction Sale Manager’s contact information.
GAL# 3575 / GAL# 2643 / GAFL# 66940
