Fernandina Watering Hole to be Sold at Absolute Auction

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Rowell Realty & Auction Co., Inc., a Moultrie, Georgia based real estate auction company, has been hired to sell at public online auction the bank-owned assets of KP's Bar and Grille in Fernandina Beach Florida. Before moving to the current 1430 Park Avenue, KP's was a local favorite, well known for offering fantastic continental food with a down-home flair.

KP's Bar and Grille

the absolute auction of KP's offers the buying public a tremendous opportunity to purchase a great piece of Fernandina Beach real estate at investment prices. This condo built in 2006 is located in Amelia Park Town Center, in a great location and has many potential uses other than a restaurant.

Rowell Realty & Auction Co., Inc. announces the Online Only Absolute Auction of the bank-owned KP's Bar and Grille. Bidding begins Wednesday, July 8 and ends Wednesday, July 22.

Rowell Realty & Auction Co., Inc., a Moultrie, Georgia based real estate auction company, has been hired to sell at public online auction the bank-owned assets of KP's Bar and Grille in Fernandina Beach Florida. Before moving to the current 1430 Park Avenue, KP's was a local favorite, well known for offering fantastic continental food with a down-home flair. The auction will include the two story commercial real estate condominium and the restaurant equipment which includes bars on both floors with an extensive kitchen in the rear. The online-only auction event of these properties begins Wednesday, July 8 and ends Wednesday, July 22 with all bidding being conducted at online at http://www.rowellauctions.com. The public will have two opportunities to preview the property during open houses scheduled on Friday, July 10th and Friday, July 17th from 1:00 to 4:00 pm. The absolute auction is being conducted on behalf of First Coast Community Bank, which took possession on December 31st, 2008.

According to Mark Manley, Auction Coordinator for Rowell Realty and Auction, Inc., "the absolute auction of KP's offers the buying public a tremendous opportunity to purchase a great piece of Fernandina Beach real estate at investment prices. This condo built in 2006 is located in Amelia Park Town Center, in a great location and has many potential uses other than a restaurant." Manley went on to state "that if a buyer wants to continue operating this location as a restaurant, the equipment and furnishing are being sold following the real estate will all bidding be done on our website at http://www.rowellauctions.com ."

Fernandina Beach is located on Amelia Island just off the northeast coast of Florida. Amelia Island was recently voted #6 among Top 10 North American Islands by Conde Nast Traveler's 2008 Reader's Choice Awards, making it the highest ranked island destination in Florida for two consecutive years. Amelia Island upscale golf and beach resorts have long made this area a favorite destination for visitors from throughout the United States and as such Amelia Island has not experience as much of a down turn in the real estate market. Sighting the above facts Manley points out "this auction provides investors a rare opportunity to buy property at a price they set, at auction."

For more information about Rowell Realty & Auction, Inc. and the upcoming auction of KP's Bar and Grille, visit http://www.rowellauctions.com.

Rowell Auctions, Inc., is a real estate Auction firm auctioning bank owned foreclosed homes, farms, land, and commercial property. Established in 1936, Rowell has provided clients with the most comprehensive Auction marketing services for more than 72 years.

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