Abingdon, Virginia

Absolute Auction
Green Spring Retirement Center

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13 Unit Apartment Building with Large Common Area and Kitchen

Green Spring Retirement Center

Green Spring Retirement Center 13 unit apartment building with large common area and kitchen. There are 6 two bedroom units and 7 one bedroom units. This quality constructed building is only 10 years old and is situated on 4 plus beautiful acres. All personal property conveys with the real estate. 2 units are currently leased.

The property is located only 5.2 miles from historical Abingdon, Virginia and offers a gorgeous view of the Holston Mountains.

This complex has wide hallways with railings and an elevator. Each bath is handicap accessible with step-in showers and grab bars. There is a backup power unit for the entire building.

This property is currently used as retirement housing, but has many alternative uses such as an office complex, medical offices, private school, nursing home, or condos for the Bristol Motor Speedway.

Nearby attractions:
South Holston Lake, VA Creeper Trail, Barter Theatre, 4 colleges: Virginia Intermont College, Virginia Highlands Community College, Emory & Henry College and King College..

Green Spring Retirement Center

Floor Plans


1 Bedroom Floor Plan	2 Bedroom Floor Plan

Documents

Documents will be added as they become available.

Please check back often.

Directions

From I-81 Exit 17 (Abingdon), go 5.2 miles on Route 75 (Green Spring Road) to the property.

Terms and Conditions

REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 12:00 NOON. Please bring a driver's license for identification.
AUCTION SALE: The property will be sold absolute to the high bidder. ALL SALES ARE FINAL: The property is auctioned "AS IS, WHERE IS" with all faults in its condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise. Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate.
FINANCING: Your bidding and purchase of the property is not conditional upon financing. Be sure you have arranged financing, if needed, and are capable of paying cash at closing.
LIABILITY: Bidders inspecting property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property.
BIDDING: The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final.
ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
BUYER'S PREMIUM: The Buyer's Premium on the real estate is 5% of the high bid amount. The Buyer's Premium will be added to the high bid to determine the final sale price.
AGENCY: The Auction Company and its representatives represent the Seller.
REAL ESTATE DEPOSIT: A deposit in the amount of ten percent (10%) of the contract sale price will be required on day of sale. The deposit is payable by cashier's check or pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account. Personal checks will be approved if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the checking account is in good standing.
REAL ESTATE DEED: The real estate will be conveyed by general warranty deed free and clear of liens, subject, however, to any rights of way, easements and restrictions of record. The balance of the purchase price is due at settlement on or before August 30, 2010.
BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate. Refer to survey for exact boundary locations.
GENERAL: The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.

Contact

For more information, please contact George A. McConnell (VA# 226).
Phone Number: (540) 353-1108 (cell) • (540) 342-3560 • 800-551-3588
Email: george@woltz.com