Salisbury, MA (PRWEB) October 24, 2008
JJManning Auctioneers is proud to offer 16 units (4 finished, 12 unfinished) with decks in a 5-story building with an elevator & parking - plus - the rights to develop 16 additional units in a separate building. Lower Level Parking & Easy Walk to Ocean.
k/a The South Beach Landing
Selling in the Entirety
Auction: Thur., October 30, 2008 at 12:00 p.m. Bid Live on Site.
SITE AREA: .92+/- acres
WALK: Ocean beaches, shopping, dining & entertainment
DRIVE: Less than 5 min. to MBTA Commuter Rail, ½ hr. to Portsmouth, NH & 1 hr. to Boston, MA
ZONING: Beach Center Overlay District
EXISTING STRUCTURE: 2008, 5-story wood frame building set on a concrete slab designed for Lower Level: Parking (2 spaces/unit); FL 2 & 3: (8) 1,360+/- sf. 2-BR, 2-BA Units; FL 4 & 5: (8) 1,514+/- sf. 2-BR, 2.5-BA Units
DEVELOPMENT RIGHTS: To 16 additional Units in separate building
HVAC: Gas-fired forced hot air & central A/C
WATER & SEWER: Town
PARCEL ID: Block 33 Parcel 4
LEGAL REF.: Essex South 79925/471122
TAX ASSESSMENT (2008): $2,560,000 (Land Only, Prior to Construction)
Terms of Sale: 10% certified deposit of which $100,000.00 in certified or bank check at the auction with remainder of the 10% by 5pm ET on Monday, 11/3/08. Balance in 30 days. Other terms, if any, announced at the sale. JJManning Auctioneers is acting exclusively on behalf of Seller in this transaction.