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Auction Information
Auctioneer Woltz & Associates 800-551-3588
Auction Date May 10 Auction
Location
312 Glory Road
Axton, VA
Time 02:00PM
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Auction Listing
AuctionZip Auctioneer ID# 3111
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 (PDF)
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Henry County, Virginia

Real Estate Auction

SALE B

87± Gently Rolling Acres Offered in Six tracts

Minimum Bid Only $599,000
Assessed for $1,440,600

Improvements Include: 10,000 SF Pre-engineered multi-purpose conference center with large commercial kitchen, dining hall, offices / classrooms, baths and 2,000 SF covered pavilion, Newly constructed 12,400 SF pre-engineered gymnasium with high ceilings, offices and baths – suitable for multiple uses, 14 Bedroom lodge, with 3 baths, Large horse barn, riding ring, pond, maintenance shop and more!

SALE B

Tax Assessed at $1,440,600

Tract Descriptions

Tract 1: 7.462± Acres. Vacant. Ideal building sites.
Tract 2: 10.003± Acres. Vacant. Ideal building sites.
Tract 3:  5.166± Acres. Vacant. Ideal building sites.
Tract 4: 12.485± Acres. 14 Bedroom lodge, with 3 baths. Tobacco barn, covered shed and pond.
Tract 5: 25.685± Acres. 9,500± SF horse barn, riding ring, 1,700± SF maintenance shop and more!
Tract 6: 26.035± Acres. 10,000± SF Pre-engineered multi-purpose conference center with large commercial kitchen, dining hall, offices/classrooms, baths and 2,000± SF covered pavilion. Newly constructed 12,400± SF pre-engineered gymnasium with high ceilings, offices and baths – suitable for multiple uses.

A1 Zoning – Multiple Uses

All divisions are subject to final approval from County Planning Department.

Basic Terms & Conditions of the Auction


  1. REGISTRATION: Bids will be accepted only from registered bidders. Camp HopeTree (Sale A) Registration begins Wednesday, May 9 at 1pm. Camp Glory Road (Sale B) Registration begins Thursday, May 10 at 1pm. Please bring a driver’s license for identification.
  2. AUCTION SALE: The property is being sold subject to Seller confirmation. All property is sold “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. ALL SALES ARE FINAL.
  3. BIDDING: Qualified bidders may bid on individual tracts, any grouping of tracts or in its entirety. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final.
  4. 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.
  5. LEAD-BASED PAINT:  The residential property was built prior to 1978 and may contain lead-based paint. A lead-based paint inspection may be performed by bidders prior to the auction sale date. Applicable lead-based paint documents and information are available from Auction Company. Bidders will be provided a lead-based paint disclosure prior to signing a Real Estate Purchase Agreement and agree to waive the ten (10) day right to inspection after the auction sale.
  6. LIABILITY: Bidders inspecting property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property.
  7. ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior communications, verbal and written, concerning this auction sale.
  8. BUYER’S PREMIUM: The Buyer’s Premium on the real estate is five percent (5%) of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sales price.
  9. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER, HOPETREE PROPERTY HOLDINGS, LLC (SALE A-BEDFORD
    COUNTY) AND VIRGINIA BAPTIST CHILDREN’S HOME AND FAMILY SERVICES (SALE B-HENRY COUNTY).
  10. REAL ESTATE DEPOSIT: A deposit in the amount of ten percent (10%) of the contract sales price will be required on day of sale. The deposit is payable by cash, 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.
  11. REAL ESTATE DEED: The real estate will be conveyed by special 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 Friday, June 22, 2018 (Sale A-Bedford County) and Monday, June 25, 2018 (Sale B-Henry County). There will be no assigning of tracts between bidders. Tracts will be deeded in the manner purchased at the auction.
  12. BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate. Refer to survey for exact boundary locations. All property division lines are subject to final approval from applicable County Planning Department.
  13. 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.

Preview Dates: Thursdays, April 12, April 26 and May 3 from 3 PM to 6 PM. Additional preview from 11 AM to 2 PM on Sale Day (May 10).

Directions to Glory Road Retreat and Activity Center

From US 220 Bypass South of Martinsville and US 58: Travel East on US 58 approximately 2.6 miles toward Danville. Take the County Road 650 Exit and go right on Irisburg Road. Follow 5.7 miles and turn left onto Glory Road and follow to property on left and straight ahead.
Address: Glory Road Retreat and Activity Center 312 Glory Road, Axton, VA 24054.

Distances

Martinsville – 11 miles
Reidsville – 22 miles
Danville – 24 miles
Greensboro – 47 miles
Winston-Salem – 57 miles
Raleigh – 102 miles


 




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