Operating Laundromat- Twin City, GA - South Auction

Operating Laundromat- Twin City, GA

Property No.: 102
Completed
Start Time:6/7/2023 2:00:00 PM
End Time:6/21/2023 5:38:34 PM
Bid Count:100
Winning Bidder:15615
Starting Bid:$100.00
Bid Increment:$500.00
Current Bid:$44,000.00
Bidding complete
1

Property Details


Property Type:Commercial Building
Seller Type:Individual
Beds:NA
Baths:NA
Year Built:2009
Square Feet:384- According to tax records
Total Land Area:0.19- according to tax records
Subdivision Name:NA
Lot Numbers:NA
County:Emanuel
County Map & Parcel Number:T04 001D
Survey Required:NA
Survey Company:NA
Survey Cost:NA
Restrictive Covenants:NA
HOA Fee :NA
Heating and Cooling Source:Ceiling Fans
Water :City Water
Property Zoning:Commericial
Conservation Program:NA
Auction Manager :Rusty Lane- 478-455-1861
Property Highlights:Twin City Suds was built in 2009. It generates between $1000 to $1500 per month income. It has 12 front-load washers and 12 stack dryers, a change machine, a security camera, and 2 folding tables. The machines are 14 years old. There is currently 2 washing machines and 2 dryers that do not work. All equipment is included with the purchase of the real estate. It sits on .19 acres in Twin city. It is a stand alone business that takes very little up keep. The only expenses are City Water which is around $100 per month Georgia power around $150-$200 per month and Natural gas which is around $75. All of this information has been provided by the current owner and has not been verified by South Auction.
Yearly Taxes:$345- 2022 City Taxes
Currently Rented:No
Sewer:City Sewer
Address:E Hwy 80Twin City, Georgia 30471
Lat/Lon:32.58489, -82.1596

Closing Details


Closing Agent:Jerry CadleCadle Law Firm130 S Main St, Swainsboro, GA 30401478-237-2271
Closing Date:July 28th, 2023
Deed Type:Warranty Deed
Buyer's Premium:10%

NOTICE – All bidders must read and agree to the terms and conditions prior to bidding. IF you are the winning bidder you are required to close on the property.

Please note:

           10% buyer’s premium will be added to your final bid/ / $1500 minimum buyer’s premium

           20% earnest money down payment will be due upon purchase

           The BUYER will pay the closing cost

           If you are the winning bidder and do not close on the property you will be pursued in a court of law.

           The seller has the right to accept or deny the winning bid achieved on the auction.

TERMS AND CONDITIONS

The Terms and Conditions apply to all properties offered in this auction. All Bidders must read these terms before bidding on the auction. By bidding in the auction, you are acknowledging that you have read and agree to these terms and conditions and are responsible for closing on the property if you are the winning bidder. All winning bidders will be required to sign a real estate auction contract. The winning bidder will mail earnest money at the conclusion of the auction and will owe the remaining balance at closing within 45 days.

Earnest money due will be 20% of the purchase price.

Bidder Verification

All bidders credit cards will be verified. South Auction reserves the right to ask any registered bidder for a bank letter of credit prior to or during the bidding period. The bidders account may be suspended or revoked if the bank letter of credit is not received. South Auction may ask for a bank letter of credit on a per bidder and/or per property basis. South Auction reserves the right to suspend bidding privileges for any or no reason either before, during, or after the auction with no notice to bidder. South Auction reserves the right to refuse service to any person. If a bidder is called or texted on the last day of the auction and does not respond to a text or call back their bidding privileges will be suspended until they have talked to an auction company representative.

Due Diligence

All property is being sold AS-IS, WHERE-IS, and with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning, and all other matters revealed by a current survey, inspection of the property, or contained in public records. ALL SALES ARE FINAL.

Inspection of Property

It is the bidder’s responsibility to determine if the information contained herein is accurate. Property is open to thorough public inspection, and we highly encourage an inspection of the property prior to bidding. Contact South Auction before inspecting the property. Bidder must conduct and rely on their own inspection and investigation to determine condition of property. All inspections are at your own risk. All properties are selling subject to seller confirmation.

Buyer’s Premium

A 10% buyer’s premium will be added to the high bid to arrive at the contract price. $1,500 minimum buyer’s premium in place.

Agency

South Auction strictly represents the seller and can bid on the seller’s behalf. Seller has the right to accept or decline any high bid. High bidder will be notified within 48 hours if their bid is accepted.

Earnest Money

A signed real estate auction contract and the earnest money must be mailed or wired to auction company within 24 hours of the auction closing. South Auction will supply wiring instructions.

Mail to:

South Auction, 338 East Main Street Swainsboro, GA 30401

South Auction shall have the permission and authority to charge the winning bidder’s credit card up to $5000.00 on a specific property at the conclusion of the auction This charge will be credited back to the high bidder’s credit card once their earnest money is received. This charge will not be refunded if the high bidder does not close on the property and/or if the earnest money is not collected. South Auction will not be able to access or view any personal information and/or credit card information of any registered bidder. All transactions are handled through a third- party processor. If a bidder is called on the last day or the auction and does not answer or call back their bidding privileges will be suspended until they have talked to an auction company representative.

Auction End Time

IMPORTANT: This auction has an extended bidding feature. If a bid is placed on any property within the last 5 minutes of the auction, that will trigger the extended bidding feature on all properties. The bidding on all properties will remain open until the bidding is quiet for 5 minutes on all properties.

Closing

All closing costs are paid by the successful winning bidder.

All real estate transactions will close on or before: July 28th, 2023

Closing Attorney: Property 101-103 will close with Jerry Cadle PC, Swainsboro, GA. Property 106,107, 109,110,111 will close with Byrd Garland PC, Jackson, GA. Jim Overstreet PC, Augusta, GA will close property 108.

Survey

There is no survey required for any of the properties in this auction. If there is a survey required to close, the cost will be the responsibility of the buyer. 

Broker Participation

2% of South Auction’s net commission is available to registered brokers, if approved. South Auction will not pay a commission to a broker who is representing themselves or an immediate family member. Broker registration form is available by emailing a request to: rusty@southauctiongroup.com

Internet/Technical Issues

Any personal internet connection failures during the auction are the responsibility of the bidder. The auction will continue as normal, and the item will be sold. South Auction shall not be held responsible for any “missed” bids or bids unseen by the auctioneer. Bids are received immediately when they are entered by the bidder.

Additional Terms

1)         Property is being sold on an “as-is, where-is” basis, with no representations or warranties of any kind, expressed or implied.

2)         Property is open to public inspection, and it is the bidders’ responsibility to determine condition.

3)         South Auction, nor the seller, guarantees that each auction sign is accurately placed on the property being sold.

4)         All acreage reference in brochure, signs and online are estimated acres.

5)         No personal property is included with any property, unless specifically stated.

6)         South Auction makes no guarantee that any of the properties are suitable for septic tanks or wells or that any property has water or a septic tank available.

7)         South Auction and winning bidder agree that any dispute arising under the terms and conditions of this sales contract or auction agreement shall be heard in the Superior Courts of Emanuel County, Georgia.

8)         Properties will close with General Warranty Deed or Limited Warranty Deed.  

Any questions should be directed to: Rusty Lane: 478-455-1861, Brent Stephens 912-259-4789, or Joe Lanier 912-531-7007

There are no bids for the lot at this time

GREAT CHANCE TO BUY properties thoughout GEORGIA! Homes, commercial, and land tracts. 

10% Buyers Premium in place / $1,500 minimum buyers premium, 20% earnest money due if you are the winning bidder.

Bidding Ends: June 21st at 12 noon est.   ***PLEASE NOTE: THERE IS EXTENDED BIDDING IN PLACE ON ALL LOTS. All lots will extend in 5 minute intervals as long as we are receiving bids on ANY PROPERTY. The bidding will remain open until we do not have a bid on any property for 5 minutes.

***NOTICE*** - All bidders must agree to the terms and conditions prior to bidding. If you are the winning bidder on a property, you are required to close on that property.


Property Type:Commercial Building
Seller Type:Individual
Beds:NA
Baths:NA
Year Built:2009
Square Feet:384- According to tax records
Total Land Area:0.19- according to tax records
Subdivision Name:NA
Lot Numbers:NA
County:Emanuel
County Map & Parcel Number:T04 001D
Survey Required:NA
Survey Company:NA
Survey Cost:NA
Restrictive Covenants:NA
HOA Fee :NA
Heating and Cooling Source:Ceiling Fans
Water :City Water
Property Zoning:Commericial
Conservation Program:NA
Auction Manager :Rusty Lane- 478-455-1861
Property Highlights:Twin City Suds was built in 2009. It generates between $1000 to $1500 per month income. It has 12 front-load washers and 12 stack dryers, a change machine, a security camera, and 2 folding tables. The machines are 14 years old. There is currently 2 washing machines and 2 dryers that do not work. All equipment is included with the purchase of the real estate. It sits on .19 acres in Twin city. It is a stand alone business that takes very little up keep. The only expenses are City Water which is around $100 per month Georgia power around $150-$200 per month and Natural gas which is around $75. All of this information has been provided by the current owner and has not been verified by South Auction.
Yearly Taxes:$345- 2022 City Taxes
Currently Rented:No
Sewer:City Sewer
No donations for this lot
E Hwy 80
Twin City, Georgia 30471
United States