ABSOLUTE AUCTION
To The Highest Bidder!


GOVANS/WILSON PARK
COMMERCIAL BUILDING
Large LotZoned B-3-2


Photos of auction property
FRONT VIEW      REAR VIEW      STREET SCENE

Sale On Premises
4511 & 4513 YORK ROAD
Just S. Of Cold Spring Lane
BALTIMORE, MD 21212

WEDNESDAY, NOVEMBER 29, 2006AT 3:00 P.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 Govans/Wilson Park commercial district, just east of the Guilford Neighborhood and south of E. Cold Spring Lane. York Road is mostly commercial in nature, with stores, offices, various businesses and restaurants. Public transportation is available in front of the subject property.

LOCATION MAP

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

SITE:

4511 York Road: 13'6'" x 52'6", more or less

4513 York Road: Irregular shaped lot fronting 13'6" along York Road, with depths of 294' and a rear lot line of 29', all more or less.

The total lot comprises approximately 0.20 acre, more or less.

BLOCK PLAT

ZONING:

B-3-2, heavy commercial use (multitude of permitted uses for the property)

For the Baltimore City Zoning Code, visit:
http://www.ci.baltimore.md.us/government/legislative/zoning/

IMPROVEMENT
DESCRIPTION:

Two masonry interconnecting commercial buildings comprising over 1,250 square feet. The building is in poor condition and needs to be gutted and completely renovated. The building is suitable for numerous uses including retail, restaurant and office uses.

ANNUAL REAL
ESTATE TAXES:

4511 York Road - $321.60
4513 York Road - $883.28

TITLE:

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

INSPECTION:

2:00 p.m. on the day of the auction

TERMS OF SALE

       Deposit payable by certified or cashier's check of $2,500 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 existing building violation notices, 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. Cost of all recordation and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE.

NO BUYERS PREMIUM

Broker participation is invited.
BROKER REGISTRATION FORM