Auction Information
Land for Sale in Bassett VA
Wooded Land for Sale at Auction in Bassett VA!
Are you searching for land for sale in Henry County VA? Look no further! This incredible opportunity features +/- 57.09 acres of pristine wooded land, divided into 5 tracts ranging from 5-33 acres. The properties are near the picturesque Smith River and Philpott Lake. Whether you are seeking a mountain getaway, a recreational retreat or an ideal building site, these tracts have it all. Purchase one or multiple to get your desired amount of acreage. Dont let this opportunity slip away! This Offering is Known as Offering 5.
Online Auction Ending Wednesday, June 28th at 4 PM
TBD Warehouse St., Bassett, VA 24055
Property is offered in 5 tracts described below. Download Bidder Packet for Online Bidders Agreement, Maps, Sample Contract, and Property Information.
Offering #5 33.110 acres
This completely wooded tract offers over 1,500 of front...
This completely wooded tract offers over 1,500 of frontage on Warehouse Street. The property is located on the opposite side of the road of Tracts 1-4. This large tract would be ideal for hunting, ATV riding or building your dream home on. There is an 80 AEP easement across the NE side.
ONLINE BIDDING Online bidding is now active and runs through 4 PM June 28th, 2023. SOFT CLOSE.
BIDDER PACKET: Download Bidder Packet for complete information on each offering. Bidder Packet has maps, complete terms and conditions, sample contracts, tax cards, and restrictions. Some of the plats in Bidder Packet may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged survey is in the Bidder Packet as well.
SOFT CLOSE: If a bid is received within the last 2 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates snipers and encourages fair and impartial bidding from all participants.
SIMULTANEOUS CLOSE OF LOT BIDDING: Bidders desiring more than one lot will need to be high bidder on all lots desired. Each offering will stay open until all bidding is complete and all offerings will close simultaneously.
BUYERS PREMIUM TEN PERCENT (10%): Buyers Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyers Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyers premium = total purchase price of $110,000). Buyers Premium is not due until closing.
GENERAL TERMS AND CONDITIONS: 10% Buyers Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $5,000 per tract required on day of sale (June 28th, 2023). Close on or before August 11th, 2023. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence. Tracts are being offered individually and if bidder wishes to purchase multiple tracts, bidder will need to be the high/winning bidder on both offerings. Auction starts ending at 4 PM on June 28th, 2023. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Download Bidder Information Packet for complete terms and conditions, purchase contract and maps.
Directions
DIRECTIONS From Fairystone Park Hwy Take Sunset Drive to Sharp left on Warehouse Street. Property is on both sides of road before 573 Warehouse Street. Marked by signs.