WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
Bidding Opens: Tuesday, October 25 at 2:00 PM ET
Bid Deadline: Thursday, October 27 at 2:00 PM ET
Inspection: Wednesday, October 26 at 11:00 AM Sharp
Sale Manager: Rickey Heaton 864-350-0323 or rickey@AMCbid.com
3 single story industrial use buildings on a 3± acre gated and fenced rectangular-shaped parcel. The primary 8,470±SF building is of wood frame construction including 3 bay doors with high loading docks built in 1965. There is approximately 990±SF of finished office space in this structure with vinyl siding exterior, while the remaining 7,480±SF has metal exterior walls. A second wood frame and metal 2,940±SF building was also built in the 1960s. A third 8,100±SF building consists of prefabricated metal construction with drive-through doors that was built in 1995. All three buildings are built on-slab with concrete floors. All large equipment has been removed and buildings are vacant. A septic system is present near the center of the site.
Laurens County Tax Assessor states parcel 564-00-00-014 totals 3 acres and $1,977.44 in property taxes were paid in 2015. Site is accessed via a private easement over the railroad tracks which must be renewed by purchaser. Access can also be obtained at the end of Grove Street.
A December 2013 Phase I Environmental Site Assessment revealed no evidence of recognized environmental conditions in connection with the site. However, based on the age of the primary building, asbestos containing materials may be present.
A January 2014 Phase II Environmental Site Assessment did not detect elevated concentrations of organic vapors and evidence of impacts to site soil and groundwater has not been identified. No further assessment or cleanup was recommended.
The Phase I and Phase II ESA documents are available by submitting a Confidentiality & Non-Disclosure Agreement.
The 1995 survey indicates that about 30,458 SF (.7± acres) of the 2.8 acre tract is located within the CSX Railroad right of way. The survey also shows that 48 feet (about 30%) of the main building encroaches into the CSX right of way.
Seller reports the last payment on the land lease was $75 in May of 2016, and the last payment on the railroad crossing easement lease was $1,764 in November of 2013. A blank Private Crossing Agreement from CSX is attached at the end of the Chronological Lease Documents which will have to be negotiated by the new owner once they take ownership.
Terms: Bank Proof of Funds Required to Bid, 10% Buyer’s Premium added to winning bid to determine sale price, 10% EM Deposit, close by November 17, 2016.
Auction Management Corporation
SCAL#3198
