PUBLIC AUCTION
Excellent Business Opportunity!

- PASADENA -

STAR BRIGHT CARWASH, INC.

DRIVE-THROUGH & 4 SELF SERVICE BAYS
Like New Equipment 0.68± Acre Zoned C-4

Sale On Premises
7971 FORT SMALLWOOD ROAD
Anne Arundel Co., MD 21226

THURSDAY, DECEMBER 6, 2007 AT 11:00 A.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, acreage and dimensions contained herein are approximate and more or less.

LOCATION:

Prime northern Anne Arundel County location near Carvel Beach, just 0.5 mile west of the Stoney Creek bridge. This high traffic location is the gateway to numerous waterfront communities off Fort Smallwood Road, including Orchard Beach, Clear Water Beach, Riviera Beach, Sunset Beach, Altoona Beach, Lombardee Beach, Rockview Beach and numerous other, as well as dense communities including Elizabeths Landing and Hillside Crossing. Nearby major business centers and businesses (within several miles) include Brandon Woods Energy Business Park, Marley Neck Industrial Park, Constellation Energy and GablesSigns. Fort Smallwood Mini-Storage facility is located to the rear of the property and 84 Lumberyard is adjacent immediately to the west.

Photos of auction property
STREET SCENE - WEST     STREET SCENE - EAST     SIGN

For more details and demographics of Pasadena, visit:
http://www.city-data.com/city/Pasadena-Maryland.html

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

SITE:

Trapezoidal shaped parcel fronting 199.13' along Fort Smallwood Road, with a rear lot line of 200.00' and depths of 164.23' and 165.37', comprising 0.6789 acre, more or less

The site is almost entirely macadam paved.

Photos of auction property
AERIAL VIEW     TAX MAP

LOCATION DRAWING (pdf)

UTILITIES:

Public water and public sewer

ZONING:

C4, Highway Commercial District

For permitted land uses, see the Anne Arundel County Planning and Zoning Web Site.

IMPROVEMENT
DESCRIPTION:

Concrete block car wash building reportedly constructed in 1987 comprising 4,560 square feet, more or less. The building is heated by suspended gas fired heating units. The electrical service is a 277/480 volt 660 amp., 3-phase, 4-wire electrical system. There is a recently installed camera surveillance system with 9 cameras and real time continuous recording for one month. On the side of the building are two built-in dollar bill change machines.

The structure is arranged as follows:
TAXES:

2007 Real Estate Taxes - $3,468

TITLE:

All assets are sold free and clear of liens. The real estate is in fee simple; Deed Liber 12401, Folio 303.

BUILDING
INSPECTION:

The car wash is open daily and purchasers are encouraged to visit the site prior to the auction. Facility inspections can be arranged by appointment through the Auctioneers office. Please call 410-752-8440.

ADDITIONAL
INFORMATION:

2004 and 2005 income tax returns are available via email. Please complete the Confidentiality and Waiver Form and return by fax to: 410-385-1841.

TERMS OF SALE:

Deposit payable by certified or cashier's check of $25,000 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. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE. Maryland retail sales tax is due on personal property - to be collected at settlement.

NO BUYER'S PREMIUM.

Broker participation is invited.
BROKER REGISTRATION FORM