LAND AUCTION<br/><br/> <br/><br/>17+/-Acres Divided<br/><br/>Commercial Property<br/><br/>&<br/><br/>32+/-Acres Divided into (2) 16+/-Acre Tracts<br/>Selling Regardless of Price<br/><br/>Thursday, March 4, 2010 - 6 p.m.<br/><br/> <br/><br/>Cabarrus County, NC<br/><br/> <br/><br/>Auction Location: Embassy Suites, 5400 John Q. Hammons Drive NW, Concord, NC 28027, Across from Concord Mills, Off I-85 at Exit 49<br/><br/>__________________________________________________________<br/> <br/><br/>17.054+/-Acres Divided - Fronts I-85, Highway 73 & Trinity Church Road, Located in Kannapolis City Limits, Zoned C-2, Water/Sewer<br/> <br/><br/>Tract 1 - 5.084+/-Acres - Former Angelo's Fish House on Property with Parking Lot<br/><br/>Tract 2 - 11.97+/-Acres - Grassed & Wooded with Pond & Historic Home<br/><br/> <br/>Note: Power Line Right of Way Fronts I-85 on Tract #'s 1 & 2<br/> <br/><br/>Directions to Property - From Intersection of I-85 & Highway 73, turn right on Trinity Church Road, land on right. Watch for signs.<br/><br/>___________________________________________________________________________________________<br/><br/> <br/><br/>32.457+/-Acres Divided - Wooded with Frontage on Mt. Pleasant Road<br/> <br/><br/>Tract 3 - 17.285+/-Acres<br/><br/>Tract 4 - 15.173+/-Acres<br/><br/> <br/><br/>Short Distance to Midland, Locust & Mt. Pleasant<br/><br/> <br/><br/>Directions to Property - From Concord, NC, travel Highway 601 South, turn South on Highway 200. Turn right on Mt. Pleasant Road, property 1 mile on right. Watch for signs.<br/><br/>___________________________________________________________<br/><br/> <br/><br/>Inspections: To be announced<br/><br/>Terms: 20% deposit due at the auction by cash, cashier's check, personal or company check accompanied by a Bank Letter of Guarantee, with the balance due at closing. A 7% buyer's premium will apply. Preliminary Sales Map - Distances and acreages are estimated and will be adjusted based on final survey, by a licensed surveyor, and in accordance with the existing subdivision laws. Conditions - All information contained herein is deemed to be from reliable sources. However, neither the Auctioneer nor the Seller guarantees this information to be correct. We reserve the right to add or delete. Please inspect the property and bid accordingly. The Auctioneer represents the Seller in this transaction. All announcements made at the auction shall take precedence over all other information.<br/><br/> <br/><br/> Broker Participation Invited<br/><br/>Iron Horse Auction Company, Inc.<br/><br/>PO Box 1267-Rockingham, NC 28380<br/><br/>800-997-2248 - NCAL 3936<br/><br/>www.ironhorseauction.com
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