Franklin County, Virginia • Town of Rocky Mount
The Plateau at Landmark Mountain
29 Building Lots in the Town of Rocky Mount, Virginia
Thursday, April 28, 2016 at 6:00 PM
Auction Held at Shively Electric Community Room
1647 Franklin Street, Rocky Mount, Virginia 24151
Preview Information: View lots at anytime. Auctioneer will be on-site Sundays, April 17 & 24 from 1 – 4 PM to answer questions.
Landmark Mountain and The Plateau at Landmark Mountain is the new premiere development of Rocky Mount Virginia. The owners of 29 lots in this development have decided to retire and are offering their holdings at ABSOLUTE AUCTION. This is an excellent opportunity for anyone looking for premium building lots with finished roads, water, sewer and above all VIEWS, VIEWS & more VIEWS. From these lots, you have unsurpassed views of Rocky Mount, Cahas Mountain and the surrounding farm valley around Callaway, Peaks of Otter Mountains and Smith Mountain.
This property is an easy commute to Roanoke, Smith Mountain Lake and destinations south!
|Auction Lot Number||Lot Number||2016 Assessment|
|Total Assessment $1,603,000|
All Lots Sell ABSOLUTE
NOTE: Street Lighting at The Plateau
I confirmed with the Town of Rocky Mount once two homes are built in The Plateau they will put the street light up.
Summit Drive, Rocky Mount, Virginia 24151
Directions to Property:
From Roanoke, take Highway 220 south to the first Rocky Mount, Virginia exit which is Business 220 south. In 0.4 of a mile, at the stoplight, turn right on Grassy Hill Road. Go 0.5 a mile and turn right into Landmark Mountain Subdivision on Summit Drive. Lots are on your right and left, continue straight to enter The Plateau at Landmark Mountain.
Directions to Sale Site:
From the property return to Business 220 south. Take a right at the
stoplight, towards Rocky Mount. Go to the second stoplight and turn right on Route 40 west. Follow Route 40 west through Rocky Mount for 1.6 miles to the Shively Electric Community Building on your left. 1647 Franklin Street, Rocky Mount, Virginia 2415
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 April 27, 2016. 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.
Terms & Conditions of Auction
REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 5:00 PM. Please bring a driver’s license for identification.
AUCTION SALE: All lots will be sold absolute to the highest bidder regardless of price. ALL 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.
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 lots or any grouping of lots. 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.
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 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 June 7, 2016. Lots 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.
- Declaration of Restrictions, Covenants and Conditions (Landmark Subivision Section 1)
- Declaration of Restrictions, Covenants and Conditions (Landmark Subivision Section 1 - First Amendment)
- Declaration of Restrictions, Covenants and Conditions (The Plateau at Landmark Mountain)
- Commitment for Title Insurance - Revision A
- Broker Participation Form
- Preliminary Bidder's Packet