3,088±SF Former Fast Food Restaurant on 1+- Acre in Childersburg, AL (Talladega County)

 

Assignment for the Benefit of Creditors 

 

The 1+- acre irregularly shaped site has 175’ of frontage on the east side of US Highway 280 (also known as 12^th Avenue SW) and 243’ of frontage on 2^nd Street SW. Most of the property is improved with the building and paved parking and access. It is known as Talladega County tax parcel 2204203006006000, PPIN 29237. The building, formerly a Hardee’s restaurant, is indicated on the tax records as being 3,088 sf in size.

All kitchen equipment, serving equipment, and furniture remaining in the building will be included with the purchase. Please see the image galleries to view the equipment and furniture.

Ownership of the asset was transferred to an Assignee under an Assignment for the Benefit of Creditors on December 14^th, 2009. Because the title was transferred by tax sale to the State of Alabama in May, 2010, the asset will be redeemed at the Probate Court as a part of the closing process closing so that title can be conveyed.

Property Directions: One block south of Hwy 76 on US 280 .

 

Inspection: Monday, Feb 21^st 10 am til noon or by appointment. 

Terms:  10% Buyers Premium added to winning bid to determine sale price, $25,000 Earnest Money Deposit payable in certified funds, close by March 24^th, 2011.

 

Closing Attorney:  Marcus Hunt, (205) 408-3025.

 

Broker Co-Op: 2% Commission Paid to Properly Registered Brokers, see website for details

 Questions? Visit www.auctionEbid.com or contact Scott Schwartz, 404-550-3490, at scott@auctionEbid.com , or Jeb Howell, 770-841-9924, at jeb@auctionEbid.com

AUCTION MANAGEMENT CORPORATION

Julian E. Howell, AAL#1682

1827 POWERS FERRY ROAD, BLDG. 5

ATLANTA, GA   30339

770-980-9565