Tracts 1 thru 13
Tracts 1, 4 thru 10, 12 & 13 Sold Absolute

These great tracts are located along paved Orrix Creek Road, minutes from Lynchburg. Eight of these tracts have creek frontage on bold Orrix Creek. In addition, the properties have great views and desirable southern exposure. All of these tracts have been approved for conventional drainfield systems.

Tract 1: 20.00± ac
Tract 2: 28.41± ac
Tract 3: 23.92± ac
Tract 4: 4.24± ac
Tract 5: 3.23± ac
Tract 6: 3.01± ac
Tract 7: 3.05± ac
Tract 8: 6.20± ac
Tract 9: 16.84± ac
Tract 10: 5.44± ac
Tract 11: 14.27± ac
Tract 12: 3.10± ac
Tract 13: 12.25± ac.

Tracts 14 thru 17
Tracts 14 & 15 Sold Absolute

These wooded properties are located along paved Ayers road only minutes from the conveniences of Smith Mountain Lake, Moneta and Roanoke. Here you can create your rural homestead and have plenty of room to roam through acres of quiet forestland. Don't miss this rare chance to live the rural life you have dreamed about. All tracts have been approved for conventional drainfield systems.

Tract 14: 0.89± ac
Tract 15: 14.06± ac
Tract 16: 27.49± ac
Tract 17: 22.84± ac

Basic Terms and Conditions:

1. REGISTRATION:  Bids will be accepted only from registered bidders.  Registration begins at 5:00 PM.  Please bring a driver’s license for identification.
2. AUCTION SALE: Auction tracts 2, 3, 11, 16 and 17 will be sold subject to Seller confirmation of the high bid.  All other tracts will be sold absolute to the high bidder.   ALL CONFIRMED AND ABSOLUTE SALES ARE FINAL:   All property is auctioned “AS IS, WHERE IS” with all faults in its condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise.  Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate.
3. BIDDING:  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 regarding bid acceptance are final.
4. ANNOUNCEMENTS:  Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
5. BUYER’S PREMIUM:  The Buyer’s Premium on the real estate is 5% of the high bid amount.  The Buyer’s Premium will be added to the high bid to determine the final sale price.
6. AGENCY:  The Auction Company and its representatives represent the Seller, Meadwestvaco corp.
7. REAL ESTATE DEPOSIT:  A deposit in the amount of ten percent (10%) of the contract sale price will be required on day of sale.  The deposit is payable by cash, cashier’s check, or pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account.  Personal checks will be approved if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the checking account is in good standing.
8. REAL ESTATE DEED:  The real estate will be conveyed by general warranty deed free and clear of liens, subject, however, to any rights of way, easements and restrictions of record. 
9. CLOSING: The balance of the purchase price is due at settlement on or before December 17, 2008.  Tracts will be deeded to the successful registered bidder in the manner purchased at the auction.
10. Boundary Lines:  Boundaries on aerial photos and topo maps are approximate. Refer to survey for exact boundary locations.
11. GENERAL: The information contained in this brochure is subject to verification by all parties relying on it.  No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.