Absolute Auction of Former Bank Branch in Augusta, GA (Richmond County)
Selling Absolute - No Minimums, No Reserves
Auction Location
Sold for $193,600
Sold for $193,600
Selling Onsite with Live & Webcast Bidding September 25th at 11 AM EDT
2870 Central Avenue, Augusta, GA 30909
ATM Income 500-600 month!
Property Info from 4/6/12 survey, 1/31/10 ESA, 1/4/12 Title Commitment
Tax parcel 043-2-145-00-0. Per Title Commitment, 2011 taxes paid were $7,895.12. Built in 1969, the 3357 sf single story brick building occupies a 39,569 sf corner lot with 258 feet on Central and 123’ on Pine Needle, zoned B-1. There are 21 parking spaces and a covered drive through. The ESA revealed no evidence of RECs in connection with the Site.
Immediate potiential income from lease of ATM
From the lease agreement on ATM-
"Rental. As rental (the “Rental”) for the Premises during the Initial Term and, if exercised by Tenant, any Renewal Term of this Lease, Tenant shall pay to Landlord the following sums:
6.2 Period Rental
Years 1 – 5* $500.00 per month
Years 6 – 10 $550.00 per month
Years 11-15 $600.00 per month
* When used in this Section 6.2, “Years” shall refer to twelve-month periods of time commencing on the Rent Commencement Date, provided that the first Year shall be twelve months plus the period of time from the Rent Commencement Date until the end of that calendar month unless the Rent Commencement Date is the first day of a month."
6.2 Period Rental
Years 1 – 5* $500.00 per month
Years 6 – 10 $550.00 per month
Years 11-15 $600.00 per month
* When used in this Section 6.2, “Years” shall refer to twelve-month periods of time commencing on the Rent Commencement Date, provided that the first Year shall be twelve months plus the period of time from the Rent Commencement Date until the end of that calendar month unless the Rent Commencement Date is the first day of a month."
Scott Schwartz 404-550-3490 / scott@auctionEbid.com
