Description
Bankruptcy Sale. Minimum Bid: $4.25 Million (last sale in 2015: $12 Million!).
+/- 1,000 acres in Northern Neck of VA. Fones Cliff has incredible views along the Rappahannock River. Currently zoned A-1, but a preliminary development plan (now potentially expired) was previously approved which included a golf course, lodge, restaurants, spa, 116-room hotel, commercial center, equestrian center and 718 single-family detached and townhouse units.
The Property is located within a designated "Opportunity Zone" which offers tax incentives for long term investments.
Property may have significant value beyond development: conservation value, minerals, hunting & fishing, timber etc.
Maps, Extensive Due Diligence Materials, including Property Description & Details, History & Zoning, Third Party Reports (Phase I, Survey etc.), Photos and more available by accessing online Data Room. More information to come.
Bidding Procedures Contract of Sale and other legal information about the Auction available on this site.
Documents
Auction Information
Property Information
* Requires confirmation of Online Agreement
Terms & Conditions
- Buyers Premium:
NA
- Closing:
After receipt of Court Approval - see Bidding Procedures (posted on website)
- Deposit Amount:
5% to qualify - see Bidding Procedures (posted on website)
- Broker Co-op:
2% to Duly Qualified Brokers
Inspection
Interested parties can visit the property by coordinating with Joshua Olshin via email jolshin@auctionadvisors.com.
Auction Information
Property Information
* Requires confirmation of Online Agreement
- Buyers Premium:
NA
- Closing:
After receipt of Court Approval - see Bidding Procedures (posted on website)
- Deposit Amount:
5% to qualify - see Bidding Procedures (posted on website)
- Broker Co-op:
2% to Duly Qualified Brokers
Interested parties can visit the property by coordinating with Joshua Olshin via email jolshin@auctionadvisors.com.