In times like these, an auction is the best way to establish what real market value is.
Kansas, MO (PRWEB) July 09, 2013
Due to the closing of a former forestry products company, qualified buyers will have the opportunity to purchase two parcels with a combined total of approximately 22 acres of agriculture land and a commercial building in Suffolk, Va. The acreage will be sold in two separate tracts.
Conducted by Barry Cole, auctioneer and broker with United Country – A.B. Cole & Associates, the live auction will take place on-site at 5949 Whaleyville Boulevard in Suffolk. Registration for the event will begin at 11 a.m., and the auction will take place at noon. Additionally, qualified bidders will be able to participate online.
“Our seller recognizes the value of using an accelerated method of marketing – in other words, an auction – to sell their property,” said Cole. “What does this mean for buyers? It means they have the opportunity to purchase part or all of a great Virginia acreage at an affordable price. Today’s market conditions and the auction format allow sellers and buyers to come to a meeting of the minds quickly with a competitively achieved fair market value. In times like these, an auction is the best way to establish what real market value is.”
The first parcel available for bidders is over 18.549 acres and is zoned for agricultural use. It includes a roughly 26,000-square-foot steel frame building with cement floors, 3-phase electric, tooling and office areas offering covered space and large open areas for equipment and inventory storage. Additionally, this tract features a separate office and scale house, as well as gated ingress/egress and frontage on US 13.
Parcel two rests across Route 13 and adjoins the intersection of Great Fork Road. This approximately 3.363-acre property is mostly wooded and zoned agricultural.
Equipment included in this auction event are a 2008 Volvo Articulating Loader L60F with approximately 2,000 hours of use, bucket, log grappler with forks, enclosed cab with air, LeRoi compressor.
Detailed information about the property for sale, as well as details about the auctions, can be found online at ABColeAuctions.com or by calling 877-539-9866.
About United Country
United Country Real Estate is the largest fully integrated network of conventional and auction real estate professionals in the United States and Latin America. The company has been an innovator in real estate marketing since 1925. United Country supports nearly 550 offices across the U.S., Costa Rica, Panama and resort areas of Mexico, with a unique, comprehensive marketing program that includes one of the largest portfolios of property marketing websites (more than 3,500 separate sites and traffic of approximately 3 million visitors per month), multiple United Country real estate catalogs and third-party lifestyle magazines with national distribution , an extensive buyer database and other national advertising of local properties that reaches more than 90 million homes per week. United Country has recently been recognized by Franchise Business Review, AllBusiness.com, The Land Report, Entrepreneur and The Wall Street Journal as one of the top U.S. real estate companies.