Because these properties are in a highly desirable area surrounded by multimillion-dollar estates, we expect considerable interest from investors and developers alike.
Hillsboro Beach, FL (PRWEB) September 26, 2016
Bankruptcy auction set for 10 a.m. Oct. 6 for two assemblages of oceanfront land.
SVN Auction Services’ partner SVN Moecker Realty Auctions has announced that the sale of undeveloped acreage in wealthy Hillsboro Beach will be at 10 a.m. Oct. 6 at the office of attorney Bradley Shraiberg, 2255 Glades Road, Boca Raton. The previous date was Sept. 27.
Offered as two portfolios totaling more than 14 acres, the properties are on Hillsboro Mile aka State Road A1A between the Atlantic Ocean and Intracoastal Waterway. Their tax assessed value is for more than $60 million.
“Because these properties are in a highly desirable area surrounded by multimillion-dollar estates, we expect considerable interest from investors and developers alike,” said Keith Kidwell, SIOR, CCIM, managing director with SVN Moecker. “This presents a rare opportunity to own significant oceanfront property in Hillsboro Beach.”
Located at 1174-1185 Hillsboro Mile, the Enclave at Hillsboro portfolio consists of slightly more than 11 acres of pristine land. It features 600 feet each of ocean and Intracoastal frontage. The property is zoned for multifamily use, allowing for the development of up to 16 units per acre for a total of 168 residential units and is currently parceled into 12 single-family lots. The opening bid is anticipated to be in the range of $45 million.
The second portfolio, located at 1103 and 1107 Hillsboro Mile, consists of nearly 3.5 acres of adjoining lots with about 340 feet each of beach and Intracoastal frontage. The opening bid is anticipated to be in the range of $12 million.
For more information on these portfolios, visit: properties.svn.com/enclave and properties.svn.com/hillsboromile.
About SVN Auction Services
SVN Auction Services is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional accelerated marketing advisors throughout the United States who specialize in accelerated marketing services for commercial real estate assets. SVN Auction Services offers the industry’s most comprehensive spectrum of auction solutions — from rapid asset resolution and 30-day countdown asset sales to wide area and high impact/high promotion events. As part of one of the most recognized and reputable commercial real estate firms in the industry, SVN Auction Services is supported by SVN International, which features 200 locations serving more than 500 markets. This relationship provides outstanding opportunities for SVN Auction Services to serve clients needing to move assets in accelerated timeframes and creates significant value for buyers and sellers.
Keith Kidwell, SIOR, CCIM, managing director, SVN Moecker Realty Auctions / 954-234-8777 kkidwell(at)svn(dot)com
Ken Zeszutko, Zeszutko Corp.-PR on behalf of SVN Auction Services / 321-213-1818 zeszutko(at)zcorp-pr(dot)com