This week we’re checking out some desirable condominiums hitting the auction block that offer not only beautiful surroundings, but also the convenience of low-maintenance home ownership.
Take a look at Micoley’s 1 ½ story townhouse-style condo in Galena, Illinois. Boasting 2 bedrooms, 2 baths, a fireplace, deck and full basement, this 1,050sf home offers ample living space for the lucky winning bidder. PA digs this one for its location, adjacent to the Eagle Ridge Golf course making it the ideal vacation home or relaxing retirement villa. Online auction date is February 28th.
We wanted to share with our readers some tips on dealing with real estate auctions outside of the United States. Our friends at Ashley Wilson in London kindly outlined the details on how to best prepare for property auctions across the pond. You may find a lot of similarities despite being conducted on different continents – take a look!
Bidding for Properties at an Auction
Buying a home at an auction can be a fantastic alternative to purchasing in a conventional manner. Whilst buying a home in a traditional way can involve chains breaking down and a whole series of other disappointments, a process that usually takes months can last for just minutes when you buy via an auction – and what’s more is that you own the property when the hammer falls. You shouldn’t attend an auction without doing your homework first though, and you should always seek advice from professionals, such as Ashley Wilson solicitors in London, before you agree to anything.
Interested in finding a place to run your next business operation? Then peruse our picks this week on commercial properties with plenty of opportunity for redevelopment.
Check out AuctionAdvisors’ lender-ordered REO commercial property with redevelopment site in Tolland, Connecticut. Known as “Gooseberry Corners”, this 19,912sf income-producing office/retail building sits on two contiguous lots encompassing a total of 5.94 acres of land. This property holds several office, retail and light industrial buildings that generate revenue. PA is picking this one for its prime location, just off busy Route 195 in the Gateway Design District. Auction date is December 10th.
With the holiday season rapidly approaching, we decided it’s the ideal time to explore some retail properties that are hitting the auction block to inspire that shopping spirit.
Check out David R. Maltz & Company, Inc.’s 6,000sf prime retail building in Bethpage, New York. Situated on a 12,840sf lot on a main thoroughfare with exceptional customer traffic, this sale is an ideal opportunity for an owner-user or business investor looking to acquire property in the retail sector. PA is picking this one for its optimum location, surrounded by national retailers including AutoZone, Walgreens and Starbucks. Auction date is December 11th.
Ever dream of owning your own hotel or motel? If so, you’re in luck – real estate in the hospitality sector has some very lucrative offerings hitting the auction block. Peruse our picks this week and you may be tempted to venture into the innkeeper business.
Take a look at Pamela Rose Auction’s 158-room hotel in Toledo, Ohio. Nestled on 7+ acres, this classic inn also comes with a full bar and dining room, and presents a host of opportunities for land investment or multi-unit commercial use. PA digs this one for its location, adjacent to I-280 and close to the Chrysler Jeep Plant. Online bidding ends November 21st.
Looking to move your place of business or start a new one? Or maybe acquire some commercial real estate to utilize as a rental property? Look no further – this week we’re highlighting some prime commercial properties hitting the auction block.
Take a look at AuctionAdvisors’ 5-story, concrete and metal building in Chattanooga, Tennessee. Location is at a premium with this property, adjacent to the First Tennessee Pavilion and Findley Stadium with optimal visibility from I-24 at Highway 27. Set on a solid building base, this property would support an additional 5 floors for expansion. PA is picking this one for its versatility, with potential use as a multi-family, commercial, industrial or special purpose property. Online auction date is November 12th.