Details
***CANCELLED***
AUCTION DATE: Friday, August 2, 2024 @ 12:00 noon
LOCATION OF AUCTION: Off-site bidding location: Hampton Inn, 200 McBride Lane, Gretna, VA 24557
LOCATION OF PROPERTY: Access is approximately 4.5 miles west of the intersection of Rt. 29 and Rt. 40 in Gretna, VA. Use 5616 West Gretna Rd as a GPS reference point.
Click the link for an interactive map: https://id.land/ranching/maps/c35b271ac7a39a6f90789a870bb6edb1/share
PREVIEW DATES: – Friday July 19 (12 – 2 pm) and Wednesday July 24 (12 – 2 pm). Other times by appointment.
SALES MANAGERS:
George McDaniel - 434-546-9235 - gmcdaniel@countsauction.com
Pete Ramsey - 434-258-6611 - pete@countsauction.com
PROPERTY INFORMATION:
What's selling:
258.81 acres in a planted pine plantation. The age of the pines are from about 10 years old to over 20 years old. Many areas are ready for thinning. This property does not have road frontage on a public road but does have two deeded access points. One is a farm road that is in good shape going to West Gretna Rd. This easement is 15’ wide along the well defined farm road. The other access point is an undeveloped 50’ easement onto Homestead Dr. Frying Pan Creek meanders through the property.
Directions:
From the intersection of Rt. 29 and Rt. 40 in Gretna, go 4.5 miles west on Rt. 40 (West Gretna Rd.). The access to the property will be on the right. Watch for the auction sign.
Buyer's Premium: 10%
Terms: A deposit of $25,000.00 in certified funds is due on sale day with the balance due at closing in 30 days. Full terms listed below.
Terms and Conditions
Terms and Conditions
Terms & Conditions:
A 10% buyer's premium will be added to the final high bid to determine contract price. A deposit of $25,000 in certified funds is due on sale day with the balance due in 30 days from the sale date. Real estate taxes will be prorated as of the sale date. The high bidder will be required to sign a contract the day of the sale and pay the deposit. NOTE: By bidding at this sale, the Buyer hereby acknowledges receipt of and agrees to all these Terms and Conditions.
Due Diligence: Any reliance on the content of information provided shall be solely at the recipient's risk. All information is believed to be correct but is not guaranteed. Bidders must conduct and rely solely upon their own due diligence. The property is being sold "AS-IS" with all faults.
Controlling Law:
The respective rights and obligations of the parties with respect to the Conditions of Sale and the conduct of the sale shall be governed and interpreted by the laws of the Commonwealth of Virginia. By making an offer at the sale, whether present in person or by agent, written offer, telephone, online or other means, the participant shall be deemed to have consented to the jurisdiction of the state and federal courts of the Commonwealth of Virginia.
Acceptance of the terms is acknowledged by placing a bid.
Compliance:
For the purpose of ensuring compliance with applicable federal regulations restricting “related party” transactions by Farm Credit of The Virginias, ACA (Bank), Purchaser represents and warrants to Bank that as of the date of this Contract, Purchaser is not an employee, director, or officer of Bank or an immediate family member (meaning spouse, parent, sibling, child, step child, parent-in-law, sibling-in-law, or daughter-in-law) of any employee, director, or officer of Bank.
If Purchaser is a corporation, partnership, limited liability company, or other entity, Purchaser represents and warrants that none of its manager(s) or owner(s) are related parties of Bank as described above, unless Purchaser is a public company whose entity is traded on a national recognized exchange, in which case, only a controlling interest shall be considered for purposes of this representation.
If Purchaser is a trust, Purchaser represents and warrants that neither is trustee(s) nor its beneficiaries are related parties of Bank as described above.
