PUBLIC AUCTION

- ARBUTUS AREA -
COMMERCIAL PROPERTIES


2 Unit TownhomeRetail StoreParking Lot


FRONT VIEW      REAR VIEW      PARKING LOT (Parcel 826)

Sale On Premises
4043 WILKENS AVENUE
Just East Of Leeds Avenue
BALTIMORE COUNTY, MD 21229

FRIDAY, DECEMBER 2, 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:

Great location, in the Arbutus/Violetville Area. The properties are less than one mile west of St. Agnes Hospital and within minutes of I-695 (Exit 12 - 0.75 mile to the west) and I-95 (exit 50 - off Caton Avenue). This quiet neighborhood features well maintained townhomes and detached colonial, cottage, bungalow and split level style homes. Downtown Baltimore City is within 10 minutes to the east.

For a detailed neighborhood profile, visit:
http://www.livebaltimore.com/nb/list/vltvlle/

LOCATION MAP

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

4000 BLOCK OF WILKENS AVE.
WEST VIEW OF WILKENS AVE.
ROYAL FARMS STORE (NEXT DOOR)

4043 WILKENS AVENUE
Brick and Stone 2-Unit Townhome & Retail Store


PROPERTY
DESCRIPTION:

Quality Built, 2 Story Porchfront Townhome

The townhome features maintenance free exterior with vinyl double glazed replacement windows and aluminum trim, hardwood floors, separate gas hot water boiler furnaces, separate water heaters, separate electric meters. Both units are registered with the Maryland Department of the Environment (M.D.E.) lead paint reduction program. The townhome is arranged as follows:

First Floor - living room with artificial mantled fireplace, kitchen (with range, washer and refrigerator), dining area, bedroom, den and bathroom; rented for $690/month, on a month-to-month basis

Second Floor - living room, eat-in kitchen (with range and refrigerator), bedroom, bathroom (with soaking tub); rented for $690/month, on a month-to-month basis

Retail Building

One story brick and stone building which interconnects with the basement of the adjacent townhome. Formerly known as "Petal Garden Florist." The interior space comprises over 1,500 square feet and has a retail area, work area and powder room. The tenant was paying $950/month and vacated in October, 2005. There is a hanging sign displayed on Wilkens Avenue for the florist.

Interior Photo:


SITE:

4043 Wilkens Avenue - 34' x 120', more or less
3-vehicle front paved parking & rear 4-6 vehicle paved parking
Public water, public sewer and natural gas are in the property

"Parcel 826", Tax Map 101, Grid 12
(Lot NES of Leeds Avenue, 100' SE of Wilkens Avenue)
20' x 100', more or less - Located behind the Royal Farms Store

PROPERTY SURVEY

ZONING:

Both properties are zoned BL, Business Local

For additional zoning information, visit:
http://www.co.ba.md.us/Agencies/planning/zoning/zone_descriptions.html

ANNUAL TAXES:

4043 Wilkens Avenue - $902
"Parcel 826", Tax Map 101, Grid 12 - $12

TITLE:

Both properties are in fee simple; sold free and clear of all liens

INSPECTION:

10:00 a.m. on the day of the auction

DEPOSIT:

4043 Wilkens Avenue - $20,000
"Parcel 826", Tax Map 101, Grid 12 - $2,000


MANNER OF SALE

       Each property will be sold individually, then as an entirety, and sold in the manner producing the greater amount.

TERMS OF SALE

       Deposit payable by certified or cashier's check will be required of the purchaser at time and place of sale. The deposits are 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 the rights of the existing tenants, if any, and any 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. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Cost of all recordation and transfer taxes to be paid by the purchaser. A 5% Buyers Premium will be added to the final bid price. TIME IS OF THE ESSENCE.