IMPORTANT AUCTION OF COMMERCIAL REAL ESTATE AND COMMERCIAL EQUIPMENT

WEDNESDAY AUGUST 20, 2003 @ 10 AM

3221 WESTWOOD  INDUSTRIAL DRIVE, MONROE, NC 28110

FROM HWY 74 FROM CHARLOTTE TURN RIGHT ON ROCKY RIVER RD. TRAVEL  8 TENTHS OF MILE ( STRAIGHT  ACROSS MONROE RD. ) TO WESTWOOD INDUSTRIAL DR , TURN RIGHT ,  2nd BUILDING  ON RIGHT . WATCH FOR SIGNS.

SELLING FOR THE SECURED PARTY 2 PRIME COMMERCIAL PROPERTIES,  EQUIPMENT , VEHICLES AND ROLLING STOCK

REAL ESTATE

·          PROPERTY  # 1)       3221 WESTWOOD INDUSTRIAL DRIVE. : A BEAUTIFUL  STEEL AND BRICK COMMERCIAL BUILDING WITH 10, 000 SQUARE FEET.  THIS BUILDING IS SPLIT 60/40 WITH A TENANT IN 40% SECTION. BOTH SIDES HAVE ROLL UP DOCK DOORS AND REAR SERVICE ENTRANCE. BACK GRAVEL LOT WITH PAVED PARKING IN FRONT. BUILDING MEASURES APPROX. 100 x 100 .  ONLY MINUTES FROM UNION COUNTY AIRPORT.    JUST OFF HWY 74 WITH MINUTES TO I-485. HAVE THE CONVENIENCE OF CHARLOTTE AND INTERSTATES WITH  UNION COUNTY LOCATION.  INSPECTIONS BY APPOINTMENT.

·          PROPERTY # 2 )      608 SUTHERLAND DR. , MONROE NC 28110  PROPERTY HAS FRONTAGE ON 3 STREETS, WITH DOCK HEIGHT DOORS, GROUND LEVEL DRIVE IN DOORS, PERSONNEL ENTRANCES ALL AROUND BUILDING.   STEEL, BRICK & WOOD CONSTRUCTION. OFFICE SPACES AND EMPLOYEE BREAK AREAS. LARGE OPEN  AREA FOR MANUFACTURING OR WAREHOUSING . APPROXIMATELY 55,000 + SQUARE FEET THIS PROPERTY WILL BE OFFERED  IMMEDIATELY  FOLLOWING FIRST TRACT . IT WILL BE OFFERED AT THE WESTWOOD LOCATION BY PHOTOGRAPHS. INSPECTION  OF THIS PROPERTY BY APPOINTMENT ONLY . CALL AUCTION CO. TO SET UP YOUR TIME.

 TERMS: REAL PROPERTIES WILL BE OFFERED AT  APPROXIMATELY 1 PM

• PROPERTY IS BEING OFFERED AT PUBLIC AUCTION FOR CASH

• PROPERTY IS OFFERED AS—IS WHERE IS WITHOUT WARRANTY OR GUARANTEE FOR ANY PURPOSE EXPRESSED OR IMPLIED, WITH THE EXCEPTION THAT TITLE WILL BE CONVEYED BY A SPECIAL WARRANTY DEED, SUBJECT TO EASEMENTS, RESTRICTIONS,  OR RESERVATIONS OF PUBLIC RECORD.

• A $ 25,000.00 ( PER– TRACT)  NON-REFUNDABLE (AND IMMEDIATELY DISPERSIBLE)  DEPOSIT IN CERTIFIED FUNDS WILL BE REQUIRED ON SALE DAY, WITH THE BALANCE AT CLOSING ON OR BEFORE SEPTEMBER 24, 2003.

• A STANDARD OFFER TO PURCHASE WILL BE EXECUTED ON SALE DAY WITH A COPY OF RULES BEING MADE PART OF THE CONTRACT.

• SELLER WILL PAY FOR  DEED PREP. , PRO-RATED TAXES AT TIME OF CLOSING &, DEED STAMPS.

• BUYER WILL BE RESPONSIBLE FOR ALL OTHER CLOSING COSTS.

• CLASSIC AUCTIONS, TONY M. FURR AND MELVIN HUNEYCUTT  REPRESENT THE SELLERS IN THIS TRANSACTION AND AT NO TIME REPRESENT THE BUYER.

• A 6% BUYERS PREMIUM WILL BE ADDED TO THE HIGH BID PRICE.

• ANNOUNCEMENTS MADE ON SALE DAY TAKE PRECEDENCE OVER ALL OTHER PRINTED  MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

THE INFORMATION CONTAINED IN THIS WEB SITE AND ALL OTHER ADVERTISING  HAVE BEEN GATHERED FROM SOURCES DEEMED RELIABLE, THE AUCTION COMPANY MAKES NO GUARANTIES OR WARRANTIES THEREWITH. POTENTIAL BUYERS ARE URGED AND ENCOURAGED TO INSPECT AND RESEARCH  PROPERTIES TO THEIR SATISFACTION