Developer Liquidating to Satisfy Bank
6 High-end Office Condo Shells & 0.314 Acre Vacant Lot Duluth, GA
OPPORTUNITY AWAITS! - TWO UNITS SELL ABSOLUTE!
Near the new Gwinnett Medical Center-Duluth. Six 4-sided brick office condo shells
Choose your unit. Sizes ranging from 2,217 to 5,718 square feet. Finish it off to your needs.
Brand Banking Company is offering financing at 3.5% interest on a 5 year fixed ARM with a 15-20 year term.
THURSDAY, NOVEMBER 19, 2 PM
ON-Site Auction at:
3630 and 3635 Savannah Place Drive
Duluth, Georgia 30096
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Auction: Developer Liquidating to Satisfy Bank. 6 High-end Office Condo Shells & 0.314 Acre Vacant Lot.
OPPORTUNITY AWAITS! - TWO UNITS SELL ABSOLUTE!
On-site Auction at 3630 and 3635 Savannah Place Drive, Duluth, Georgia 30096 on THURSDAY, NOVEMBER 19, 2 PM.
Near the new Gwinnett Medical Center-Duluth. Six 4-sided brick office condo shells. Choose your unit. Sizes ranging from 2,217 to 5,718 square feet. Finish it off to your needs. Secluded setting. All buildings are single story and with full handicap accessibility. Buildings are all brick with a low-country design. Brand Banking Company is offering financing at 3.5% interest on a 5 year fixed ARM with a 15-20 year term.
Inspection: John Dixon & Associates¹ representatives will be on the property November 8 and November 15 from 1:00 p.m. to 3:00 p.m. or by appointment.
Inspection: John Dixon & Associates’ representatives will be on the property November 8 and November 15 from 1:00 p.m. to 3:00 p.m. or by appointment.
Financing Available: Brand Banking Company is offering financing to qualified buyers at 3.5% interest, 5 year fixed ARM, with a 15 to 20 year term. If you use the owner’s contractor to build out the units, the bank will consider making a loan for both the purchase and build-out price. Contact Shirley Wiley with Brand Banking at 770-822-2091 for details.
Terms: Pay 20% down of the purchase price at the auction. Balance will be paid in full at closing to be held within 30 days. A copy of the sale contract may be reviewed prior to the auction by contacting the auctioneer.
Closing: Balance of the purchase price is due in 30 days, on or before Friday, December 18, 2009
Buyer's Premium: A 10% buyer’s premium will be added to the high bid. Example: For each $10,000, a 10% buyer’s premium of $1,000 will be added to arrive at the total purchase price of $11,000.
Broker Participation: A 2% commission of the high bid, before adding buyer’s premium, will be paid to any qualified Georgia licensed real estate broker whose prospect is the successful bidder at the auction and closes on the property. To qualify for a commission, the broker must first register the prospect by mail, deliver by hand or fax the prospect’s name and address on John Dixon & Associates’ broker registration form. The registration must include the signature of the prospective purchaser, the signature of the broker and the broker’s real estate license number. The registration must be received at 200 Cobb Parkway North, Suite 120, Marietta, Georgia 30062, Attention: Bud Lawler, no later than 5:00 p.m. eastern time on the business day preceding the auction. Broker registration may be faxed to 770.425.4413. UNDER NO CIRCUMSTANCES WILL BROKER REGISTRATION BE ALLOWED ON THE DAY OF THE AUCTION. In addition, to qualify for a commission, the broker must attend the auction with the prospect. Commissions will be paid only if property closes. A commission on a property will be paid only to the first broker registering a prospect. A BROKER CANNOT ACT AS A PRINCIPAL AND BROKER ON THE SAME TRANSACTION. Click here to download a broker participation form.
Survey: The 0.314 acre vacant lot will be conveyed based on the current legal description.
Closing Attorney: Closings will be conducted by Linda Karlo LLP, Lane & Karlo, Atlanta, Georgia, 770.952.3388. Deed preparation and recording fees will be paid by the seller; all other normal closing costs will be paid by the purchaser. Taxes will be prorated as of date of closing. Title insurance will be available at purchaser’s expense.
Agency: John Dixon & Associates, auctioneer/broker, is acting exclusively as agent for the seller. Owners are real estate licensed brokers in the state of Georgia.
Special Note: Property is selling "as-is, where-is" with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning and all other matters revealed by a current survey or an inspection of the property or contained in public records. The only representation and warranties made are those contained in the Contract of Sale. Seller reserves the right to add or delete property, reject any bid and/or cancel the sale. Properties will be conveyed by Limited Warranty Deed. Information contained herein was obtained from sources deemed reliable. The seller and their agents reserve the right to place bids on the property up to seller’s reserve, if desired, at their sole discretion. The property will sell “as-is, where-is” with no warranty, express or implied, as to improvements, soil condition, environmental and wetlands, or zoning. No personal property conveyed with real estate unless denoted in contract. Although every precaution has been taken to ensure accuracy, neither the seller, John Dixon & Associates nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. The terms of the Contract of Sale are controlling in the event of any perceived inconsistency between its terms and any statements in this brochure or other advertisement. Announcements made at the auction will take precedence over written matters.