This bank liquidation provides buyers a unique opportunity to own a facility or create an income stream with rental properties
Kansas City, MO (PRWEB) August 05, 2013
Buyers have the opportunity of a lifetime to purchase investment properties in Point Harbor, N.C., at auction prices.United Country – Redfield Group Auctions, Inc., will offer a variety of bank-owned condominium units during a live auction event on Tuesday, Aug. 20.
This auction will feature the sale of condominium units consisting of office and warehouse space within two commercial buildings located at the corner of Caratoke Highway (US Hwy 168) and Pan Ridge Court in Point Harbor, N.C., only a mile from the Wright Memorial Bridge – the northern entrance to the famed North Carolina Outer Banks – and about 5 miles from Kitty Hawk.
“Our sellers recognize the value of using an accelerated method of marketing – in other words, an auction – to sell their property,” said Mike Fisher, auctioneer and president of United Country – Redfield Group Auctions, Inc. “What does this mean for buyers? It means they have the opportunity to purchase outstanding North Carolina investment properties at the price of their choosing. 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 live August 20 event kicks off at 4 p.m. on-site. Positioned out of the ‘high-rent district,’ but convenient to the tourist area, these buildings offer nine office/warehouse condominium units.
The Manassa Commerce Center (Building 101) has approximately 122 feet of frontage on Caratoke Highway with an annual average daily traffic count of 16,000, according to the North Carolina Department of Transportation. This structure features approximately 9,200 square feet and has four ready-to-occupy units of roughly 2,000 to 2,400 square feet. The Satyam Commerce Center (Building 104) offers about 9,600 square feet and has five units of roughly 1,920 square feet, two of which are currently leased. Each building is professionally landscaped and has an asphalt parking lot with 24 spaces.
Each unit consists of a front office/reception area, with a glass front wall and a bath. Additionally, there is a warehouse area which is accessed from the front by roll-up doors, as well as through the offices, and exterior doors in the rear. All units are insulated and several have HVAC in the warehouse area.
“This bank liquidation provides buyers a unique opportunity to own a facility or create an income stream with rental properties,” Walker said. “Serious investors will not want miss this opportunity of a lifetime to buy prime commercial condos or an entire building at the price of their choosing.”
Auction representatives will be on-site at the Manassa Commerce Center (Building 101) from 10 a.m. to 5 p.m. daily August 18 through 20. Interested parties can schedule an appointment for a private tour by calling 866-673-9270 or 256-490-1345.
Property details, photos and terms can be found at RedFieldGroup.com. United Country – The Redfield Group Auctions, Inc., can be contacted at 866-673-9270 or 256-413-0555 for additional information.
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.