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Forest, Virginia · Bedford County · Only Minutes from Lynchburg
VALUABLE REAL ESTATE AUCTION
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528± Acres Offered in 14 Tracts
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Friday, March 28, 2008 at 3:00 PM
Sale Held at Forest Recreation Center - 1088 Rustic Village Road, Forest, Virginia, 24551
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Preview at your leisure. Auctioneers will be on site for Open Houses on Tuesday, March 11, Sunday, March 16 and Saturday, March 22 from 1:00 to 3:00 PM. Auctioneers will be on Tract 8. |
Attention Developers, Investors and Individuals - Looking for Acreage Tracts in Bedford County
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Beautiful Land Tracts in Forest, Virginia. Location! Location! Location!
This is one of the most magnificent farms we have had the opportunity to sell. The Sieverdes Farm is located in Forest, Virginia, the most sought after area of Bedford County. This is your opportunity to purchase acreage tracts in this wonderful community which is surrounded by high end subdivisions, making it ideal for development. These parcels allow you the amenities of town and the serenity of rural living. Part of the property is covered with mature timber, and the rest open pasture land. Tracts range in size from 1.07 acres to 92 acres. The property is currently zoned R-1 and county water runs along Cottontown Rd.
Tract 1
  
Tract 2
  
Tract 3
  
Tract 4
  
Tract 5
  
Tract 6
  
Tract 7
  
Tract 8
  
Tract 9
  
Tract 10
  
Tract 11
Tract 12
 
Tract 13
 
Tract 14
  
 
 
| Tract |
Acreage± |
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Tract |
Acreage± |
1 |
7.93 |
8 |
15.10 |
2 |
92.38 |
9 |
89.35 |
3 |
24.31 |
10 |
13.76 |
4 |
24.24 |
11 |
10.72 |
5 |
58.74 |
12 |
36.88 |
6 |
11.24 |
13 |
1.07 |
7 |
92.63 |
14 |
50.53 |
 
  
 
 
 
 
 
 
Magnificent Farm in Forest, Virginia
 
 
 
 
 
 
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Excellent Development Opportunity!
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Directions:
Directions to Property:
From Bedford, Va. on Hwy 221 at the Food Lion in Forest, turn on Perrowville Rd. Go 2.2 miles and turn right into Ivy Hills on Quail Ridge Rd. Go 1/10 of a mile and turn left, remaining on Quail Ridge Rd. Go 1.5 miles and turn right onto Eastway Ln. Go 2/10 of a mile and turn left onto Gilfield Dr. Go 6/10 of a mile to Cottontown Rd. and the auction property.
From Lynchburg, take 221 (Forest Rd.) to Lynchburg Nissan. Turn onto Cottontown Rd. Go 1 mile and turn left, remaining on Cottontown Rd. Go 2.3 miles to tracts 1-4. Go an additional 2 miles to tracts 5-12.
Directions to Sale Site:
Forest Recreation Center, 1088 Rustic Village Road, Forest, Virginia, 24551
This is the old Ruritan Building that is 1/10 of a mile from 221 at Forest. From 460, at the Sheetz, turn south on Thomas Jefferson Road. Go approximately 5.2 miles and turn right on Rustic Village Road (between Sidney Allen Builders and Forest Automotive). Go 1/10 of a mile and turn left into sale site. From 221 in Forest, turn north on Thomas Jefferson Rd. Go 1/10 of a mile and turn left at Rustic Village Road. Sale site is 1/10 of a mile. |
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Documents:
 Plats
Purchase Agreement
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Broker Participation:
Any broker actively licensed in the Commonwealth of Virginia whose agent properly registers the successful high bidder will be paid a two percent (2%) commission at settlement by the seller. Registration must be on a Woltz & Associates, Inc. Broker Participation Application form and contain the name, address and signature of agent and prospect as well as Broker’s license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. by 12:00 noon on March 27, 2008. If prospect attends preview, agent must attend with prospect. Additionally, agent must attend sale and co-register with prospect on auction day. Only the first broker to register the high bidder will be paid a commission. Agents acting as principals, on behalf of licensed real estate agents, on behalf of family members, on behalf of entities in which they hold an ownership interest or who represent prospects who have had prior contact with seller or auction company are not eligible. Only one registered bidder per agent. Broker Participation Form (PDF format) |
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Auction Terms & Conditions:
REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 2:00 p.m. Please bring a driver’s license for identification.
TERMS OF SALE: All tracts will be sold subject to seller confirmation. All confirmed sales are final. All property is sold “AS IS, WHERE IS.” Potential bidders should perform such independent inspection, investigation, inquiries and due diligence with respect to the property as they deem necessary or appropriate.
ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this sale.
BIDDING PROCEDURE: Qualified bidders may bid on individual tracts, any grouping of tracts or on the whole property. The auctioneer will determine all bid increments. All decisions by the auctioneer are final.
BUYER’S PREMIUM: A BUYER’S Premium will be charged. The BUYER’S Premium is five percent (5%) of the high bid amount. The BUYER’S Premium is added to the high bid amount to determine the sale price.
DEPOSIT: A deposit in the amount of ten percent (10%) of the sale price (high bid plus BUYER’S Premium) will be required on day of sale. The deposit is payable by cash, cashier’s check, or pre-approved personal check made payable to Woltz & Associates, Inc. Escrow Account. Personal checks will be approved if the Buyer presents, at time of registration, a letter from its bank stating that the Buyer is a customer of the bank and that the account on which the check is drawn is in good standing.
CLOSING DATE: The balance of the purchase price is due at settlement on or before May 13, 2008.
LEAD PAINT: The residential property in this auction was built prior to 1978 and may contain lead-based paint. A lead-paint inspection may be performed by bidders prior to the auction sale date. Applicable lead paint documents and information are available from Auction Company. Bidders will be provided a lead-paint disclosure prior to signing a real estate purchase agreement and agree to waive the ten (10) day right to inspection after the auction sale.
POSSESSION: Possession of the property shall be given at closing.
TRANSFER OF TITLE: The real estate will be conveyed by general warranty deed free and clear of liens subject, however, to any rights of way, easements, restrictions and covenants of record.
AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLERS.
BIDDER PACKETS: Bidder Packets will be available at the previews and online.
BOUNDARY LINES: Boundaries shown on aerial photographs and topographical maps, which are provided by Auction Company as a courtesy to bidders, are approximate. Bidders should refer to the surveys provided in the Bidder Packet for boundary locations.
WEB SITE: Please visit www.woltz.com/599/ for additional photos and information about the property.
GENERAL: The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, error, or omission is assumed by the Seller or the Auction Company. |
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Contact:
Russell Seneff (VA# 1185) at 540-342-3560 or 800-551-3588. Send questions or comments. |
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