UNIQUE AUCTION EVENT
- Anne Arundel County, MD -


Condominium Business Property
Known As
"THE FUEL DOCK ON
THE WEST RIVER"

Over 100,000 Gallons Annual Sales
Plus Ice, Sodas & Boating Supplies
- Also -

47' & 55' Condominium
BOAT SLIPS

Photos of auction property
VIEW FROM WATER      VIEW FROM SHORE

Sale On Premises
WEST RIVER YACHT HARBOR
4805 Riverside Drive, Galesville, MD 20765
Approx. 11 Miles South of Annapolis

TUESDAY, APRIL 24, 2007
AT 1:30 P.M.


       NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Square footage and dimensions contained herein are approximate and more or less.

LOCATION:

West River Yacht Harbor is a condominium marina located just west of The Chesapeake Bay on Councilors Point in the West River. The marina is popular due to its deep water access and convenient fuel dock. West River Yacht Harbor is the midway point between Annapolis, on the north, and Chesapeake Beach, to the south.
Photos of auction property
MARINA      AERIAL VIEW

LOCATION MAP & DIRECTIONS

FUEL DOCK:

Turnkey opportunity to purchase a well-known fuel dock, one of very few in the area. Auction includes a one story vinyl siding free-standing sales center (approximately 2,550 square feet) with surrounding pier, dining area, 3 fuel dispensers, 2 - 500' fuel lines, 10,000-gallon diesel tank, 10,000 and 6,000-gallon gasoline tanks. The dock is known as Unit G-1, Pier B, West River Yacht Harbor Condominium Marina. Condominium fee is $602.56/quarter; 2007 real estate taxes $1,586.20/year.
Photos of auction property
INTERIOR PHOTO #1     INTERIOR PHOTO #2
PIER & DINING AREA

Due diligence information is available. Please sign and return the Confidentiality Waiver below and information will be emailed, faxed or mailed. Information on hand:

  • Tank and dispenser test results
  • Insurance information
  • Credit card sales receipts
  • Gas and diesel annual sales by gallon for 2004, 2005 and 2006
CONFIDENTIALITY WAIVER
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2 BOAT SLIPS:

Condo. Slip B-55 - 17.5' x 55'
Condominium fee is $398.49/quarter; 2007 real estate taxes $255.78/year

Condo. Slip B-56 - 17' x 47'
Condominium fee is $398.49/quarter; 2007 real estate taxes $236.55/year

Photos of auction property
PHOTO #1      PHOTO #2


TERMS OF SALE

REQUIRED DEPOSITS:   

$10,000 on fuel dock, $2,500 on each boat slip
Manner of sale to be announced at time of sale.

       Deposits, as stated above, payable by certified check or cashier's check, will be required of the Purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price by 12 noon on Wednesday, April 25, 2007, at the Auctioneer's office. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the 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. All adjustments, including taxes, condominium fees, all other public charges and assessments payable on an annual basis, and 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, and subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the Declaration and Bylaws of the West River Yacht Harbor Condominium Association. The Purchaser agrees to waive the right of rescission under Maryland condominium law and assumes the risk of loss or damage 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 Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the Purchaser. Time is of the essence. NO BUYERS PREMIUM.

Broker participation is invited.
BROKER REGISTRATION FORM