113 Acres with Pond on US-501

Campbell County
ABSOLUTE
  • Perfect for private estate, farm, hunting, residential development, or timber investment
  • 1035’ of prime road frontage on US-501
  • Road frontage contains 9 acres of nice, level, open field
  • Rear of property is mostly young planted pine
    • 9ac planted in 2010, 44ac planted in 2012, and 12ac planted in 2017
  • Pond and several streams
  • Equipment shed
  • Good road network through property
  • Campbell County Parcels 75-A-14 and 75-A-14A
  • Zoned A1 Agricultural
  • Can be divided
  • Tax assessed at $203,200.  Sells absolute to the highest bidder.

AGENT ON SITE

  • Tue 7/28 from 4-6PM
  • Tue 8/4 from 12-2PM
  • Mon 8/10 from 4-6PM
  • Day of sale beginning at 11:30AM
  • self-guided tours ok anytime

DIRECTIONS

  • From Rustburg, take US-501S 12mi to property on right just past Georgia-Pacific.

TERMS SUMMARY

  • 10% deposit due day of sale by cash or good check. Closing on or about 30 days. 5% buyer's premium. Sells absolute to the highest bidder.  Click on "Terms" tab for full terms and conditions.

Terms: Property sells "AS-IS, WHERE-IS" without warranties of any kind. Potential Buyers must perform such independent investigations with respect to the Property as they deem necessary to verify information provided by Auction Company.

Warranty: All information provided by Auction Company is deemed reliable but is not warranted. The information provided by the Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company.

Title: Seller will convey title by General Warranty Deed free and clear of all liens.

Registration: Bids will be accepted only from registered bidders. On-site registration begins at 11:30 AM day of sale. You may also pre-register on our website or phone app.  Deadline for phone and online bidding registration is 6PM EST on the day prior to the auction. A valid form of identification (i.e. driver's license) may be required to register onsite or online.

Online Bidding: Online bidding is available for your convenience. However, due to the technical nature of online bidding, bidder acknowledges that this service may or may not function correctly the day of the auction. Torrence, Read, & Forehand Auctions will not be responsible for missed bids from any source. Online bidders who desire to make certain their bid is acknowledged should use the prebidding function and leave their maximum bid 24 hours before the auction begins. Winning bidders will be notified by email and/or phone and receive instructions for signing the Contract of Purchase (must be returned within 24 hours) and submitting the Deposit (see below).

Announcements: Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property.

Approval: Property sells absolute to the highest bidder at the conclusion of the live on-site auction.

Buyer's Premium: A 5% buyer's premium will be added to the high bid to determine the final sales price.

Deposit: Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or good check. Online bidders may overnight deposit or wire transfer funds so it is received within 2 business days.

Closing: Balance of Purchase Price shall be due at closing on or about 30 days after the sale.

Agency: The auction company and its representatives represent the sellers.