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1,668 Acres of Prime Agricultural Land in Washington and Johnson Counties, Georgia

Auction Details

Saturday, January 16th 2010, 10 am

 

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AUCTION BROCHURE DOWNLOAD

AUCTION INFORMATION:

Owner: After 42 years of farming, Mr. Chester Kight of Blue Lake Turf Farms has decided to retire and has commissioned us to sell his property at Public Auction. Property Location: 4280 Watermelon Road, Tennille, GA 31089-2010 Auction Location: On-site Sale Manager: Mark Maier (912) 661-1990

PROPERTY INFORMATION: The 1,668 acres will be offered in 15 tracts, in combinations and as a whole.

Tract 1 15 Acres
Tract 2 20 Acres
Tract 3 20 Acres
Tract 4 30 Acres
Tract 5 58.5 Acres
Tract 6 58.5 Acres
Tract 7 382 Acres
Tract 8 60 Acres
Tract 9 45.5 Acres
Tract 10 38.5 Acres
Tract 11 75 Acres
Tract 12 100 Acres
Tract 13 368 Acres
Tract 14 297 Acres
Tract 15 97 Acres
Tract 16 3 Acres /House

Lands are level, rolling, and well drained.

Tract sizes will be from 3 acres with the house up to a 368 acre tract.

Roads: The Washington County property is bound by Watermelon Road which is county maintained. The Johnson County property is bound by State Road Hwy 57. There is also a very good improved internal road system within the bounds of most of the property.

There are two 16″ deep wells on the property.

150′ x 50′ shop w/ 2 bathrooms, office, concrete slab, large sliding doors, skylights, fully wired.

175′ x 60′ equipment shelter with a concrete slab.

200′ x 75′ equipment shelter. One 62 acre lake.

One 20 +/- acre lake.

There is abundant wildlife and fishing on this very unique property.

There are approximately 375 acres of timberlands with approximately 300 acres in 22-24 year old pines and 75 acres in 8-20 year old pines.

70,000 bushel grain capacity. The all brick home is a 3 bedroom, 2 bath, living room, dining room, office and is approximately 2,100 square feet in size.

IRRIGATION SPECIFICATIONS: 1,050 acres are irrigated by 11 pivot irrigation systems. There is (1) 14 tower, Lockwood, (1) Zimmatic 7 tower, (1) Zimmatic 8 tower, (1) Lockwood 5 tower, (1) Lockwood 4 tower, (1) Zimmatic 4 tower, (1) Valley 4 tower, (1) Zimmatic 3 tower, (1) T& L 3 tower, (1) Lockwood 3 tower, and (1) Zimmatic 2 tower.

TERMS AND CONDITIONS:

REGISTRATION: All bidders must show a valid driver’s license or state issued identification and sign the registration form stating that you agree with the terms and agreement and will perform your duties as a bidder as such.

OFFERING METHOD: The property will be offered in 15 individual tracts, any combination of tracts and as a total or whole of 1,668 acres. Competitive bidding shall be on individual tracts, all tracts and or combinations during the auction as determined by the Auctioneer. At the auctioneer’s discretion, tracts may even be offered as high bidder choice where you can take one or all.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cashier’s check, personal check, or corporate check.

FINANCING CONTINGENCY FORBEARANCE: YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. THE PURCHASE AND SALES CONTRACT WILL NOT HAVE A FINANCING CONTEGICY CLAUSE IN IT so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

BUYERS PREMIUM: A 10% buyer’s premium will be added to the high bid on each tract, combination or the entire 1,668 acres to determine the final contract price.

PURCHASE SALE CONTRACT: All successful bidders will be required to sign a Purchase Sale Contract at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers’ acceptance or rejection.

DEED: Seller shall provide Warranty Deed(s). Real estate sold subject to all rights of way, legal highways, leases and easements.

CLOSING: The balance of the purchase price is due at closing, which will take place no later than February 16, 2010. Attorney’s fee will be paid by the purchaser(s). All lender costs shall be paid by the purchaser(s).

POSSESSION: Possession of farmland at closing. REAL ESTATE TAXES: The 2010 taxes will be prorated on the day of closing. All previously owed taxes have or will be paid by the seller.

ACREAGE: All tract acreage, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: If a new survey is needed for any tracts the cost shall be paid by the purchaser(s). Any boundary lines that are shared with another new purchaser(s) shall be paid 50/50. Any need for a new survey shall be determined solely by the Seller. Combination purchases will receive a perimeter survey only. If the property is sold in multiple tracts than the seller and auction company will choose the surveyor.

PROPERTY INSPECTION: Each potential Bidder is responsible to conduct, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and

will be staffed with auction personnel. Please feel free to inspect the land at any other time at your own risk. Please respect the growing crops on the property.

EASEMENTS: Subject to any and all existing easements.

AGENCY: Maier Auctions and Realty, Inc. and its representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

Saturday, January 16th 2010, 10 am

1,668 acres will be offered in 15 tracts, combinations and as a whole.

Tract sizes will be from 3 acres with the house up to 368 acre tracts.

1,050 acres are irrigated by 11 pivot irrigation systems. (1) 14 tower, Lockwood, (1) 7 tower, Zimmatic, (1) 8 tower, Zimmatic, (1) 5 tower, Lockwood, (1) 4 tower, Lockwood, (1) 4 tower, Zimmatic, (1) 4 tower, Valley, (1) 3 tower, Zimmatic,(1) 3 tower, T L, (1) 3 tower, Lockwood, (1) 2 tower, Zimmatic.

There are two 16″ deep wells on the property.

150′ x 50′ shop w/ 2 bathrooms, office, concrete slab, large sliding doors, skylights, fully wired.

175′ x 60′ equipment shelter with a concrete slab,

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