Owners Retirement Sale. Bennett & Moore Auctioneers will be selling all the business assets of CPH Mechanical of Portsmouth, NH. The auction includes all their tools, inventory & vehicles.
The sale will also include their 2,000-square foot commercial condo unit in ever popular Portsmouth, NH.
Auction held live on-site on Saturday May13th beginning at 10AM.
Bennett & Moore Auctioneers at 603-502-7457. P&S BIDDER PACKAGE
Bennett & Moore Auctioneers
P.O. B o x 4 0 1 0 , P o r t s m o u t h , N H 0 3 8 0 2
Stephen Bennett #2423 sbennett999@gmail.com
Joseph Moore #3072 jrmauctioneer@gmail.com
www.bennettandmooreauctioneers.com
603-502-7457
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OWNERS SALE OF REAL ESTATE At PUBLIC AUCTION
235 West Road, Unit #8 – Portsmouth, NH
2,000+ square foot commercial / industrial condo
Saturday May 13th at 10AM
PLEASE READ & DOWNLAOD THE COMPLETE
BUYER’S INFORMATION PACKAGE
HOW TO BID / PARTICIPATE
The auction will be held live on-site at the property.
You may bid any of the following ways …
- By attending the live auction on auction day, Saturday May 13th.
- By phone : we will have phones available for bidders who are unable to attend the auction in person. Pre-registration is required. Please call our office in advance to register as a phone bidder.
- By absentee / left bid : we will accept absentee bids where one of our staff members will execute bids for up to the amount of your maximum authorized bid. Please call our office in advance to set up an absentee bid.
NOTE – If you are planning to bid by phone or by absentee bid then your deposit must be received prior to auction day. The method of payment would be to mail the check to us, time prevailing, or, wire transfer to our escrow account. Routing numbers will be made available upon request.
PROPERTY INFORMATION
WEST ROAD is a commercial / industrial area, centrally located in Portsmouth, NH, with easy access to all major roads including US Route-1, Interstate-95 and Route-16 (The Spaulding Turnpike).
Subject property : 235 West Road, Unit #8, Portsmouth, NH
Type of property : commercial/ industrial condominium at Coastal Vantage Point.
City of Portsmouth reference : Map 0267 / Lot 008
Lot : 2.3-acres in common
Town Tax Assessment : $200,000
Association fees : $400 / month (incl. sewer, water, master insurance, snow removal, etc.)
Zoning: “I” for Industrial
Permitted Uses : Trade, craft and general service establishments, such as shops for plumbers, electricians, painters, paper hangers, upholsterers, sign painters and printers, etc.
Buildings :
– One of 10 commercial / industrial units in the complex
– Ground floor footprint of 2,000-squar feet (25-feet wide x 80-feet long)
– Nicely out-fitted office suite
– Over 1,000-square feet of warehouse / work space, with concrete floor
– Plus an 1,110-square foot second floor mezzanine
– 20-foot ceiling
– 12-foot overhead garage door
– Gas heat, central air
– Currently configured with much industrial shelving, easily removed or reconfigured for new owners use
AUCTION INFORMATION
Subject property : 235 West Road, Unit #8, Portsmouth, NH
Type of Auction : Owners Retirement Sale at Public Auction. Subject to confirmation by the Owner.
Location of the Auction : On-site at the property.
Date & Time of the Auction : Saturday May 13th, beginning at 10AM.
Deposit : A deposit of $25,000 is required to obtain a Bidder Number for this auction.
Deposits presented on the day of the auction should be in the form of cash, or by Certified Check, cashier’s check, treasure’s check. Please make your check payable to yourself. If you are the successful bidder you will then sign your check over to the Auctioneer.
The entire deposit will be credited towards the purchase price.
Deposits of the non-successful bidders will be returned following the auction.
All deposits are NON-REFUNDABLE should the Successful Buyer fail to close for any reason.
Purchase & Sales Agreement : Immediately upon conclusion of the bidding the successful high bidder will be required to sign the Purchase & Sales Agreement. A copy of the P&S Agreement will be available for review prior to the auction (see Pages 13-15 of this catalogue).
Closing : The closing must take place on or before thirty (35) days after the auction.
Buyers Premium : There is a 10% Buyer’s Premium being applied at this auction. For example, if the Auctioneer says sold for $100,000 (a.k.a. the Hammer Price), the Actual Purchase Price will be $110,000.
Back Taxes : This is not a foreclosure auction so there will be No Back Taxes.
Deed : Warranty Deed free and clear of all encumbrances.
NH State Transfer Taxes : will be split equally between the Buyer & the Seller.
Qualifications of Bidder : The only qualification necessary to bid at this auction is the presentation of the required aforementioned Deposit.
INSPECTIONS & OPEN HOUSES
This property is being sold “as is”.
The Purchase & Sales Agreement will not be contingent on post-auction inspections or financing.
We offer multiple opportunities for prospective Buyers to view and inspect the property prior to bidding. Please take advantage of one or more of these open house opportunities.
Or by appointment with the Auctioneer.
OPEN HOUSE SCHEDULE
Saturday April 29th from 10AM to 2PM
Saturday May 6th from 10AM to 2PM
Friday May 12th from NOON to 6 PM
Morning of the auction at 8 AM
Or by appointment with the Auctioneer.
BROKER PARTICIPATION
A commission of 2% of the hammer price will be paid to the licensed New Hampshire real estate agent / broker whom introduces the successful bidder to the property, and that bidder successfully closes the transaction per the terms & conditions of the Purchase & Sales Agreement.
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No warranty is made as to the accuracy or completeness of this information. No reliance should be placed upon this information.
Prospective bidders should do their own due diligence prior to the auction.
PLEASE READ & DOWNLAOD THE COMPLETE
BUYER’S INFORMATION PACKAGE
