Southside Virginia

Farm & Timberland Auction
1,069± Acres offered in 10 tracts from 3 to 437 acres

SOLD

7 Tracts Sell ABSOLUTE

High-quality farmland in Southampton, Sussex, Greensville and Nottoway Counties
Plus land significant frontage on the Blackwater and Nottoway Rivers

Tracts 1-3: Lucas Farm - 117± Acres - Southampton County (Sold Absolute)

Tracts 1-3 Tracts 1-3 Topo

Aerial Tracts 1-3

This productive farm is located conveniently off of Route 58 at Adams Grove. Average crop yields over the last 8 years are 3200 pounds of peanuts per acre, 35 bushels of soybeans per acre, and 800 pounds of cotton per acre. The timberland supports professionally managed loblolly pine planted in 2005.

Tract 1 – 6.95± acres
Tract 2 - 82.23± acres
Tract 3 – 28.26± acres

Directions: From Emporia, Virginia
From the intersection of Route 58 and Interstate 95, go east on Route 58 for 9.8 miles. Turn right on Route 615 (Adams Grove Road). Go .1 mile to the intersection of Route 615 (Adams Grove Road) and Route 700 (Hicks Ford Road). Tract 1 is across the intersection. Turn right on Route 700 (Hicks Ford Road) and go .1 mile and entrance to tract 2 is on the left. Continue .1 mile for additional frontage for tract 2. Continue on Route 700 (Hicks Ford Road) for .5 mile. Turn left on Route 661 (Old Church Road). Go .5 mile and tract 3 is on the left.

Tracts 4-5: Glover Tract - 23± Acres - Sussex County (Sold Absolute)

These tracts are strategically located near Jarrett, Virginia with a long frontage on Route 301, Route 397 and South Halifax Road. These tracts support a professionally managed plantation of loblolly pine established in 2006. These tracts offer a great opportunity for potential commercial sites.

Tract 4: 10.15± Acres
Tract 5: 13.09± Acres

Directions: From Emporia, Virginia
From the intersection of Route 58 and Route 301, go north on Route 301 for 7.4
miles. Tract 4 is on the left. Continue another .1 mile and turn left on Route 397.
Go .1 mile and turn left on S. Halifax Road for additional frontage. Continue across the railroad tracts and tract 5 is on the left.

Tract 6-7: Carson Farm - 110± Acres - Greensville County (Sold Absolute)

This farm is located conveniently near Emporia and offers both cropland and timber productions. There are approximately 47 acres of productive crop land and 63 acres of timberland supporting a stand of loblolly pine which was planted in 1996. This
professionally managed stand recently underwent a pre-commercial thinning.

Tract 6: 52.99± Acres
Tract 7: 56.78± Acres

NOTE: If tract 7 is purchased individually it will be accessed by a right of way and can only be used for agricultural uses.

Directions: From Emporia, Virginia
From the intersection of Route 58 and Route 619 (Purdy Road) at the Sadler Travel Plaza, turn on to Route 619 (Purdy Road) and go .7 mile. Tract entrance is on the right.

Tract 8: Farmhouse on 3± Acres - Greensville County

This is a vintage farmhouse located on 3 acres with supporting out buildings. This homestead is located conveniently to Route 58 between Emporia and Lawrenceville. Shown by appointment only.

Directions: From Emporia, Virginia
From the intersection of Interstate 95 and Route 58, go west on Route 58 for 6.3 miles. Turn left on Route 606 (Grassy Pond Road). Go .1 mile and turn left on Route 607 (Brunswick Road). Go .3 mile and tract is in on the left.

Tract 9: Byrds Point - 379± Acres - Nottoway County

Long Frontage on Nottoway River

This tract located just below the “Falls of the Nottoway” offers both a timber investment opportunity and great recreation potential with long frontage on the Nottoway River. This tract supports a professionally managed mix of both natural hardwood stands ranging in age from 15 years to 60 years and loblolly pine plantations established in 1993. The diversity of species and age class, combined with the river frontage makes this a great hunting and recreational tract with future timber income. An added benefit is the good network of interior roads.

Directions: 379± Acres. Nottoway County.

From Crew, Virginia: From the intersection of Route 460 and Route 49 South, go south on Route 49 for 8.6 miles. Turn left on Route 600 (Snead Springs Road). Go 1.5 miles and turn right on Route 604 (Stingy Lane Road). Go .2 miles and turn right on a private lane (right of way). Follow lane for .9 miles to tract.
From Victoria, Virginia: From the intersection of Route 40 and Route 49 go north on Route 49 for 6.4 miles. Turn right on Route 600 (Snead Springs Road). Go 1.5 miles and turn right on Route 604 (Stingy Lane Road). Go .2 miles and turn right on a private lane (right of way). Follow lane for .9 miles to tract.

Tract 10: Nottoway and Blackwater River Tract - 437± Acres - Southampton County

This is a unique tract located at the confluence of the Nottoway and Blackwater Rivers on the Virginia – North Carolina line. There are 13 acres of professionally managed loblolly pine planted in 2000. There is good access to the tract, providing for a one of a kind property with recreation and conservation opportunities.

Directions: From Franklin, Virginia-
At the intersection of Route 58 and Route 258 South (Smiths Ferry Road), go south on Route 258 (Smiths Ferry Road) for 6 miles. Turn left on Route 687 (Forks of the River Road). Go 1.1 miles and the tract begins on the left. Access is to the left of the chain link fence.

About the Nottoway and Blackwater Rivers

From its origin in Nottoway County to its confluence with the Blackwater River, the Nottoway remains unspoiled by extensive development, providing excellent fishing for diverse species, including catfish, shad, herring, bluegill, bass, perch and crappie.

The Blackwater River boasts incredible scenery, lined by ancient trees, game-rich woodlands and wetlands. The dark waters are rich in striped bass, herring, shad and redbreast sunfish.

Location Map

Lending Institutions

Colonial Farm Credit - Courtland Virginia Office

Documents

Title Commitments:

Auction Tracts 1-3
Auction Tracts 4-5
Auction Tracts 6-7
Auction Tract 8
Auction Tract 9
Auction Tract 10

Surveys:

Auction Tracts 1-3
Auction Tracts 4-5
Auction Tracts 6-7
Auction Tract 8
Auction Tract 9

Farm Services Agency Farm Records:

Auction Tracts 1-3
Auction Tracts 6-7

Soil Maps:

Soil Map Tracts 1-3
Soil Map Tracts 6-7

Timberland Reports:

Auction Tracts 1-3
Auction Tracts 4-5
Auction Tracts 6-7
Auction Tract 9
Auction Tract 10

Real Estate Purchase Agreement (Draft)
Broker Participation Form

Tax parcel numbers, Taxes and Assessments.

Tracts 1-3
Southampton County
Tax Map Parcels: 67-52A, 67-52D, 67-64, 67-65 and 67-1-1.
Assessments and Taxes for 09: 52A and 52D - $130,600 - $940.32
64 and 65 - $32,300 - $232.56
1-1 - $14,000 - $100.80

Tracts 4 – 5
Sussex County
Tax Map Parcel: 157-A-8
Assessment and taxes for 09: $80,600. - $435.24

Tracts 6 – 7
Greensville County
Tax Map Parcel: 20-84
Assessments and Taxes for 09: $152,200 - $684.90

Tracts 8
Greensville County
Tax Map Parcel: 18-13
Assessments and Taxes for 2010: $109,200. 2010 tax rate not established.

Tract 9
Nottoway County
Tax Map Parcel: 55-1
Assessments and Taxes for 09: $340,200 - $1666.98

Tract 10
Southampton County
Tax Map Parcel: 118-37 and 118-39
Assessments and Taxes for 09: $220,300 - $1586.16

Auction Location

Golden Leaf Commons, 1300 Greensville County Circle, Emporia, Virginia 23847

Broker Participation

Any broker actively licensed in the State of Virginia whose agent properly registers the successful high bidder, who attends the auction, 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 3, 2010. If prospect attends inspection meeting, 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

Terms & Conditions

REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 4:00 PM. Please bring a driver’s license for identification.
AUCTION SALE: Auction Tracts 1-7 will be sold absolute to the high bidder. Auction Tracts 8-10 will be sold subject to Seller confirmation of the high bid. ALL ABSOLUTE AND CONFIRMED SALES ARE FINAL: All property is sold “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.
FINANCING: Your bidding and purchase of the property is not conditional upon financing. Be sure you have arranged financing, if needed, and are capable of paying cash at closing.
LIABILITY: Bidders inspecting property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property.
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.
ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
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.
AGENCY: The Auction Company and its representatives represent the Seller, Wiley Farms, Inc.
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.
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.
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. The balance of the purchase price is due at settlement on or before April 6, 2010. There will be no assigning of tracts or deeds between bidders. Tracts will be deeded in the manner purchased at the auction.
BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate. Refer to survey for exact boundary locations.
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.

Contact

For more information, please contact Charlie Wade (VA# 3176) or Jim Woltz (VA# 825).
Phone Number: (540) 342-3560 or 800-551-3588
Email: Charlie