East Hampton, CT (PRWEB) September 08, 2011
JJManning Auctioneers is proud to offer a 45,000+/- sf. historic brick mill complex located at 13 Summit St., E. Hampton, CT. It was built c. 1880 as the Merrick and Conant Silk Factory and housed Summit Thread from 1882-1940. Now known as “Artistic Mill,” the complex features a flexible open floor plan presently configured as 38+/- units from 40-4,200+/- sf. each on 3 stories. It's partially leased with current uses including open industrial and studio rental (karate, music, etc.). Possible uses include apartment conversion or work studios. This great income property is enhanced by a small pond which drops into the creek that runs under the mill and roadway. It's centrally located on Route 196 with easy access to Routes 66 and 16. This property will be sold at Absolute Auction - to the highest bidder regardless of price.
The terms of sale include a 10% deposit of which $20,000 must be presented in cash, certified or bank check at the auction. The remainder of the 10% deposit is due in wire transfer, cash, certified or bank check by 5pm ET on Monday, 10/3/11. The balance is due in 45 days. There is a 10% Buyer's Premium and a 2% Broker Commission. Other terms, if any, will be announced at the sale.
Property Preview: Friday, September 23, 2011 from 11am-1pm
Absolute Auction: Thursday, September 29, 2011 at 12pm on-site