PUBLIC AUCTION

"TURKEY POINT"

Commercial/Residential
DEVELOPMENT SITE


0.74± ACRE ZONED CB

Sale On Premises
NORTHEAST CORNER OF
TURKEY POINT ROAD & BECK AVENUE

BALTIMORE COUNTY, MD 21221

THURSDAY, JUNE 16, 2005
AT 11:00 A.M.


      NOTE: The information contained herein has been obtained from sources deemed reliable and believed to be accurate. However, no express or implied warranty is made as to the accuracy of these representations. Prospective purchasers are encouraged to consult with the appropriate government authorities regarding the permitted uses of the property and perform their own due diligence in advance of the auction. All dimensions and acreage contained herein are more or less.

GENERAL INFORMATION

LOCATION:

Situated in the "Brighton By The Beach" subdivision of the Turkey Point/Back River area in southeast Baltimore County. Prime corner location situated caddy corner to Chesapeake High School. Excellent location for a retail/convenience store. Potential alternative use for a two residential lot subdivision. The site is situated minutes from MD Route 702 and within 10 minutes of I-695 and I-95.

For directions from your location, visit:
http://www.mapquest.com/directions/main.adp

LOCATION MAP

SITE:

Wooded lot fronting 176' along Turkey Point Road, 180' along Beck Avenue, additional depth line of 294.37' and rear lot line of 149', all more or less.

Public water, public sanitary sewer are at the site.

SITE PLAN

PRELIMINARY SITE PLAN - Commercial Building

PRELIMINARY SITE PLAN - Two Residential Lots

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ZONING:

CB, community business

Visit the Baltimore County Web Site for additional zoning info:
http://www.baltimorecountyonline.info/Agencies/planning/zoning/
zone_descriptions.html


ANNUAL REAL
ESTATE TAXES:


$392

TITLE:

In fee simple; sold free and clear of all liens

LEGAL
DESCRIPTION:

Being known and designated as Parcel A as shown on the plat entitled, "Brighton By The Bay" (formerly Turkey Point) which said Plat is recorded among the Land Records of Baltimore County, Maryland in Plat Book EHK, Jr. No. 51, folio 49. Containing 0.742 acre of land, more or less.


TERMS OF SALE

       Deposit payable by certified or cashier's check of $10,000 will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of sale to date of settlement. Taxes and all other public charges and assessments, payable on an annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward. The purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Seller is unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneer. Cost of all recordation and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE. NO BUYERS PREMIUM!