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Trustee Foreclosure Absolute Auction | 1 of 2 Assisted Living Facilities

Event Properties

Event Date 03-25-2020 12:00 pm
Location Covington, VA

Former Covington Manor

4401 Midland Trail Covington, VA 24426

This is the first of two assisted living facilities just outside of Covington, VA

Documents

Details

  • Parcel ID: 03700-00-000-028A
  • Property Use: Seniors Housing
  • Zoning: Commercial
  • Property Acreage: 2.64+/-
  • Building square feet: 16,430
  • Year built: 1950
  • Tax Assessment: $370,900
  • Former ‘Covington Manor I’
  • 36 Assisted Living Units (86 Licensed Beds)
  • 27 Semi-Private Units | 4 Triple Units | 5 Quad Units
  • Fully Equipped Commercial Kitchen/Offices/Laundry
  • Room/Dining Room/Activity Area
  • Fire Sprinkler System with Alarms and hard wired
    smoke detectors
  • Storage Building and Parking for employees and visitors

 

TERMS AND CONDITIONS


4101 & 4607 Midland Trail Covington, VA 24426

1. REGISTRATION: Bids will only be accepted from registered bidders. You will be required to show your Driver’s License and Cash or your Cashier’s Check (in the amount of 10% of the high bid) to register to bid.


2. DEPOSIT: The successful bidders will be required to sign Memorandum of Sale, immediately following the falling of the hammer, and the Cash or Cashier’s Check, as described above, will be delivered to Substitute Trustee. The Deposit will be applied to the Purchase Price at closing. The Deposits are Non-Refundable, unless the seller cannot convey title. Closings to take place within 30 days of sale. Time is of the Essence.


3. DEED: The properties will be conveyed by Special Warranty Deeds.


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


5. BUYER’S PREMIUM: There will be a 5% Buyer’s Premium in effect on day of sale. The Buyer’s Premium added to the high bid amount, to determine the Contract Sales Price.


6. “AS-IS”, “WHERE-IS”: The property is being sold “AS-IS”, “WHERE-IS”. Potential Buyers must perform such independent investigations with respect to the property as they deem necessary to verify information provided by Auction Company or the Seller.


7. ADVERTISEMENTS: All information provided by Auction Company and the Seller is deemed reliable but is not warranted. The information contained in this brochure and any advertisements by Auction Company are subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company or the Seller.


8. REPRESENTATION: Auction Company and its representatives represent the Foreclosing Party.


9. BID INCREMENTS: Auctioneer reserves the right to set bid increments.

 

Check out our other auction: Tanglewood Home for Adults | 4607 Midland Trail Covington, VA 24426

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