Real Estate Portfolio Auction (AM Session)

 

Click Link for More Information On Each Property

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 November 15, 2022. 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

1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 9:00 AM for the AM SESSION and 3:00 PM for the PM SESSION. Please bring a driver’s license for identification.
2. AUCTION SALE: The property will be sold subject to seller confirmation of the high bid. ALL CONFIRMED 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. 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.
4. LIABILITY: Bidders inspecting property enter at their own risk. Auction Company and Seller assume no risk for bodily injury or damage to personal property.
5. BIDDING: Qualified bidders may bid on individual tracts or any grouping of tracts. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final.
6. ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
7. 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.
8. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
9. LEAD PAINT: The majority of the properties in this auction were 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.
10. 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.
11. REAL ESTATE DEED: The real estate will be conveyed by Special 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 January 31, 2023. There will be no assigning of tracts or deeds between bidders. Tracts will be deeded in the manner purchased at the auction.
12. BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate.
13. 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.
14. LEASES: Copies of all the leases we have are on our web site and all properties are being sold subject to their existing lease. Rents posted in brochure and on website are from management company and are believed to be accurate.

SOLD – Sealed Bid Auction: Cotton Gin, Warehouses, Rolling Stock and All Equipment

Offering 1: 187 Daniels Road, Lake City, SC 29560

 

Daniels Road consists of 29.64± acres with long frontage on Daniels Road. Property is currently in four tax parcels. Site is enhanced with a 12,000± SF metal building housing the ginning equipment, Fairbank 60’ truck scales and a 1996 mobile home used as an office.

Gin Equipment:

2 ½ Bed Module Bed Feeder
Samuel Jackson Hot Box
Samuel Jackson 4 Million BTU Heater
2- Sets Back & Back Moss Lint Cleaner
Beltwide 5 Million BTU Heater
50” Horn Lucas Battery Condenser
Gin Push & Pull System Concise 17 Fans
17 Cyclones
Stuller 2-Lane Automatic Suction
72” Continental Feed Control With Murray Air-line Separator
2- Murray 26 Shelf Tower Dryers with 3- 7 Million BTU Heaters
2- 72” Murray Incline Cleaners
2- Murray HLST Stick Machines
2- Continental 26-Shelf Tower Dryers
2- 72” Continental Incline Cleaners
2- 72” Continental Impact Cleaners
Continental RS Separator
60’ Murray Auger Conveyer
3- Mitchell Cotton King Feeders
3- Murray 142-Saw Gin Stands
3- Continental 16-D x 94” Lint Cleaners
2- Moss Super Constellation Lint Cleaners
Lummus Dor-Les Lift Box Press & Control Console with Pumps, Etc.
Lummus Bale Handling System With Fairbanks Bale Scale
CMC Seed Pump
Seed Blower
C & M Mote Press
Numerous Cyclones & Augers for Trash Handling System
Assorted Fans, Motors, Pipes, and Electrical Wiring
Lummus Gin Control Console
90-Ton Twin Hopper Overhead Seedhouse
Webb Water Trailer
Evans Low-Boy Module Transport Trailer
Module Covers 500

Rolling Stock:
Hyster 45 Forklift
TCM Forklift
25- KBH Module Builders
2- 2012 Kenworth Module Trucks
2003 Kenworth Truck
2003 FRHT Module Truck
1998 Mack Module Truck
1988 FRHT Module Truck
Pickup Truck & 2- Service Trucks
KBH 53’ Module Trailer
Evans Flatbed Trailer
Great Dane, Dorsey, Pine and Trail Trailers
Frontend Loader Scoop
Dock Plate

Offering 2: 511 S. Church Street, Lake City, SC 29560

 

10.61± acres with 103,546± SF of warehouse space in two buildings. Building one has 58,612± SF and building two 44,934± SF. Used by South East Cotton, Inc. to store cotton but possibilities are unlimited for new owner.

The ginning facility has the capacity to gin 30,000 bales annually.

For Bidding Package: Please call
Woltz & Associates, Inc. 800.551.3588 or
Murray Wise Associates, LLC 800.607.6888


Held in Conjunction With

 

 

 

 

 

5% Buyer’s Premium • Aerial Boundaries are Approximate