Auction Information

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Farm And Timber Land With Hunting Opportunities

BANKRUPTCY SALE WITHOUT A BUYER’S PREMIUM

Farm and timber land in Nash County, just 15 miles north of Rocky Mount, NC. This 171.32 acre+/- property has much to offer and could be subdivided by the next owner. The farmland consists of 27 acres+/- and currently in coastal Bermuda hay production. The planted and well-maintained timber stand was last harvested a little over 10 years ago. Many large hardwoods are located throughout the farm creating great food sources, bedding and cover for wild turkey, whitetail deer and other native wildlife. There is an established road system through the fields and around the timber stand allowing easy access to sneak in and out of your blinds. The three existing poultry facilities are available to use as breeder or pullet houses, or you can convert them into spacious storage for farm equipment or personal items.

Property Features:

- Auction Date: October 2...

- Auction Date: October 22, 2019

- Auction Location: Hampton Inn, 530 N. Winstead Avenue, Rocky Mount, NC 27802

- Auction Time: 10am EDT

- Auction Type: Reserve

- Open Public Inspections: 1 - 4 pm, Sunday, October 20

- Bidders may participate in the auction on site or online at AuctionNetwork.com

- On site bidders should bring a government issued ID

- All properties and or any improvements thereon are sold “AS IS, WHERE IS” with no financing, inspection or other contingencies to sale. Final acreage totals are contingent on a survey

- No Buyer's Premium

- Announcements on the day of the sale shall take precedence over any prior advertisements

- Each high bidder will sign a contract and must make a non-refundable deposit of 10% of the total purchase price (may be subject to a minimum) immediately following auction - cash, cashier’s checks, personal checks and business checks (electronically processed) are accepted - the balance of the purchase price and all closing costs are due at closing within 30 days

- The property is sold free and clear of all taxes and installments of assessments for prior years but taxes and installments of assessments for the current year on the basis of the actual assessment shall be apportioned as of the scheduled date for the closing of title

- Possession at closing, subject to tenant’s rights, if any

- Buyer acknowledges receipt of the Joint Escrow Instructions that modifies the Contract for Sale to provide for a designated Escrow Agent to hold down payment funds. Buyer and Seller agree that the Escrow funds may be held in a trust/escrow account located outside of the state where the Property is located.

- Buyer acknowledges receipt of Division of Water Resources (DWR) Compliance Inspection for Permit AWI640011, a lagoon located on the Property. Buyer shall contact the Division no later than ten (10) days following Closing to transfer the permit. Buyer acknowledges that current operations on the Property do not require the presence of a permitted lagoon but Buyer shall be responsible for any and all maintenance or other remediation required under DWR rules including but not limited to any costs related thereto. For more information, Buyer may contact DWR at 919-791-4206 or on its website at https://deq.nc.gov/permits-rules/permit-assistance-and-guidance

- Only 10 minutes north of Highway 64

- 3 deep water wells on the farm

- Large John Deere generator that runs all 3 chicken houses if power is lost. Installed in 2006

- Great timber investment

- Power throughout the farm

- Deer and turkey sign throughout

- Tillable farm rent income

- Amazing production of coastal Bermuda hay

- Property is very well surveyed and property lines are well marked

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