Public Foreclosure Auction - All Real Estate Assets & All Equipment Owned By Watkins Nurseries Inc. & Virginia Resources Recycled, LLC - Chesterfield County, Powhatan County & Amelia County, VA

Opening Bid To Be Set At Courthouse On Auction Date - 5% Buyer's Premium Added To Highest Bid @ Auction - 30 Day Closing - As-Is, Where-Is - No Contingencies - Four (4) Commercial & Residential Real Estate Parcels Owned By Watkins Nurseries Inc. - 342.351 Total Acres Available - Combined Real Estate Assessments Total $2,314,200 - All Equipment & Vehicle Assets Owned By Virginia Resources Recycled, LLC - See Equipment Inventory List For Full List Of Assets - See Auction Details For Auction Locations & Auction Times

    PUBLIC FORECLOSURE AUCTION CANCELED

    UPDATE: PUBLIC FORECLOSURE AUCTION HAS BEEN CANCELED

     

    Highlights: 

    Offering 1

    • Auction Date & Time: Thursday, February 20, 2020 @ 10 AM
    • Auction Location: Chesterfield County Courthouse, 9500 Courthouse Rd, Chesterfield, VA 23832​
       
      • Property Address: 101 Dry Bridge Rd., Midlothian VA 23114
        • 2-Story, 6,230 SF Office Building (1999)
          • Slab Foundation, All Stucco Walls, Coated Metal Roof, Multi-Zoned HVAC System
        • 12,000 SF Pole Greenhouse - 8,400 SF Loading Dock/Material Cover Shed
        • Parcel Size: 6.107 AC - Parcel Dimensions: 672'x447'x675'x359'
        • 672' Frontage Along Dry Bridge Rd. - Well & Septic Tank - Electricity Connected
        • Ample On-Site Parking (Asphalt Parking Lot) - Fenced-In Storage Lot - Easy Access To Route-60, Route-288 & I-64
        • Close Proximity To Westchester Commons & Significant, Ongoing Commercial Development
        • Zoned I-2 - Area 62 - Assessed @ $1,054,400 - Annual Tax Estimate: $10,016.80
        • Parcel ID: 712-70-99-10-000-000 (Chesterfield County, VA)

    Offering 2

    • Auction Date & Time: Thursday, February 20, 2020 @ 1 PM
    • Auction Location: Powhatan County Courthouse, 3880 Old Buckingham Rd., Powhatan, VA 23139
       
      • Property Address: 4216 Worsham Rd., Powhatan VA 23139
        • 1-Story, 2,640 SF Office Building (1998)
        • 1,500 SF Shop/Frame Building
        • 2,880 SF Attached Greenhouse - 294 SF Attached Shed
        • Parcel Size: 4.804 AC - Parcel Dimensions: 622'x471'x417'x349'
        • 622' Frontage Along Worsham Rd.
        • Zoned A-1 - Rolling/Hilly Topography - Area 66 - Assessed @ $267,000
        • Parcel ID: 050-17 (Powhatan County, VA)

    Offering 3 - Parcels A & B Offered Individually & Also Together As An Entirety

    • Auction Date & Time: Thursday, February 20, 2020 @ 3 PM
    • Auction Location: Amelia County Courthouse, 16441 Court St., Amelia, VA  23002
       
      • Combined Size: 331.44 AC - Total Assessed Value: $992,800 - Easy Access To Route-360 - Only 38 ± Miles West Of Richmond - Parcel ID: 21-10B & Parcel ID: 21-10C (Amelia County, VA)
         
      • Parcel A - Property Address: 11400 Winterham Rd., Amelia Court House VA 23002
        • Parcel Size: 328.015 AC - Rolling/Hilly Topography - Assessed @ $783,800
        • Numerous Small Storage Buildings, Sheds & Trench Silos Located Throughout Property
        • 15 ± Miles From Significant Residential & Commercial Development Along Hull Street Road @ Magnolia Green, Brandermill, Hancock Village Shopping Center & More!
        • Easy Access To Route-360 - Only 38 ± Miles West Of Richmond!
        • Parcel ID: 21-10B (Amelia County, VA)
           
      • Parcel B - Property Address: 11601 Grub Hill Church Rd., Amelia Court House VA 23002
        • 1,381 SF Single Family House (2004)
        • 3 BR/2.5 BA - 1,023 SF Unfinished Basement - Metal Roof
        • Central AC - Electric Heat - Screened Porch - 396 SF Wood Deck
        • Parcel Size: 3.425 AC - Rolling/Hilly Topograhpy - Assessed @ $209,000
        • 15 ± Miles From Significant Residential & Commercial Development Along Hull Street Road @ Magnolia Green, Brandermill, Hancock Village Shopping Center & More!
        • Easy Access To Route-360 - Only 38 ± Miles West Of Richmond!
        • Parcel ID: 21-10C (Amelia County, VA)

      Offering 4 - All Equipment & Vehicle Assets Owned By Virginia Resources Recycled, LLC

      • Auction Date & Time: Thursday, February 20, 2020 @ 3:15 PM
      • Auction Location: Amelia County Courthouse, 16441 Court St., Amelia, VA  23002
         
        • Equipment Highlights:
          • 2010 Caterpillar 930H Wheel Loader
          • 2007 GMC 2500HD Pick Up Truck
          • 2008 Caterpillar 325DL Excavator
          • 2006 International 4400 S/A Dump Truck
          • 2008 Pitts LT42 Log Trailer
          • 2008 CAT 963D Crawler Loader
          • 2005 CAT 325C Excavator
          • 2008 CAT 287C Compact Track Loader
          • 1992 International 4800 Cab/Chassis Truck
          • 2009 GMC 2500HD Pickup Truck
          • 2007 John Deere 848H Skidder
          • 2014 Peterbilt 389 T/A Road Tracker
          • 2007 Kenworth W900 Tri-Axle Road Tracker
          • 2013 Peterson Grinder
          • 2009 GMC 1500 SLE Pickup Truck
          • 2015 Kenworth W900 Road Tracker
          • 2008 Jeep Liberty SUV
          • More Included In Sale - Check Inventory List For Details!

      *Equipment Images Shown In Photos Are Stock Photos And Are Not Of Equipment Included In This Foreclosure.  Condition Of Equipment May Vary From Photos.

      Bidder Registration Form

      Bidder Registration Form

      Combined Tax Records.Watkins Nurseries Real Estate Assets

      Combined Tax Records.Watkins Nurseries Real Estate Assets

      Combined Realist Reports.Watkins Nurseries Real Estate Assets

      Combined Realist Reports.Watkins Nurseries Real Estate Assets

      Equipment Inventory List.Virginia Resources Recycled, LLC

      Equipment Inventory List.Virginia Resources Recycled, LLC

      TERMS AND CONDITIONS FOR THIS FORECLOSURE AUCTION EVENT

       

      Summary of Terms and Conditions:

       

      • Buyer’s Premium: 5% Buyers Premium added to the highest bid.
      • Deposit Amount: $50,00 or 5% of the highest bid, whichever is greater. If the initial registration deposit is less than 10% of the highest bid, the highest bidder’s deposit must be increased to 10% of the highest bid within 3 business days.
      • Broker Co-op: Up to 1% of the high bid may be paid to a properly registered broker/agent at settlement.
      • Closing: 30-day closing, As-Is, no contingencies.
      • Agency Disclosure: Dudley Auctions is acting as auctioneer/agent and is agent for the seller only.
      • Disclaimer: Information contained herein is believed to be correct to the best of Dudley Auctions’ knowledge, but it is the sole responsibility of each Bidder to inspect and verify all information pertaining to the property. This property is subject to sale prior to auction event and may be withdrawn, modified or cancelled at any time without notice.

       

      Full Terms and Conditions:

       

      Bidder Approval: A deposit in an amount displayed on the Dudley Auctions website or as communicated by Dudley Auctions is required in order to become an approved Bidder and be able to place a bid during the auction event. Any such deposit will be required in the form of cash, certified funds, or credit card. Dudley Auctions reserves the right to hold the deposit until the completion of the auction event and for a reasonable period of time to allow for the release of any such deposit and/or the return of any such funds after the conclusion of the auction.  The online bidding platform shall place a minimal credit card hold at the time of online registration to confirm the validity of the credit card being used.

       

      Bid Increments: Dudley Auctions shall solely determine the bid increments for this auction event. Bid increments may be changed or modified from time to time during the auction event. 

       

      Bid Responsibility: Bidders are responsible for entering their bids and each Bidder shall be responsible for any and all bids placed under that approved Bidder’s number during the auction event. Bids placed by approved Bidders shall be considered final and will be recorded. Recorded bids may not be modified, retracted or rescinded. 

       

      Bidding Time: This auction is a timed auction event, which means that bidding is scheduled to begin and close at the times posted on the website for Dudley Auctions. All time references on the bidding site for Dudley Auctions are expressed in Eastern Time. It the responsibility of the bidder to check the Dudley Auctions website regarding the scheduled opening and closing times for each timed auction event. 

       

      Buyer’s Premium: A Buyer’s Premium of five percent (5%) will be added to the highest bid for the real property and included in the total selling price paid by the buyer.  

       

      Buyer’s Premium Example:

       

      Highest Bid

           $50,000

      5% Buyer’s Premium

      + $2,500

      Total Purchase Price

        = $52,500

       

      Closing: The highest bidder must sign all documents and contracts within one (1) hour after the end of the auction event. All closings must occur within 30 days, unless otherwise specified in the Purchase Agreement. TIME IS OF THE ESSENCE WITH REGARD TO ALL CLOSINGS! The subject Property is to be conveyed by Marketable Deed from all owners of record and free and clear of all liens. The terms of the purchase agreement are non-negotiable, and the highest bidder must sign the purchase agreement in the name of the highest bidder or the highest bidder’s associated business entity. The purchase agreement and such other documents will set forth the specific terms and conditions of the sale, including the time by which the successful participant’s purchase of the property must be completed. It is the sole responsibility of each registered bidder to review all documents provided by Dudley Auctions before making any bids at the auction event. 

       

      Closing Costs: The deed shall be prepared and acknowledged by Seller at Seller’s expense and recorded at the expense of Buyer. The buyer shall pay all title searches, title insurance charges, survey expenses, usual conveyance expenses, and recordation taxes, including the Grantor’s and Grantee’s Tax. Real estate taxes, rents, water and sewer charges, if any, will be prorated as of the date of closing. Successful purchasers must pay all wire transfer fees. Sale of the property is not contingent upon the buyer obtaining financing. 

       

      Controlling Law: The rights and obligations of all parties regarding this auction event shall be governed and interpreted by the laws of the Commonwealth of Virginia. All registered Bidders shall be deemed to have consented to the jurisdiction of the state and federal courts of the Commonwealth of Virginia when making an offer at the auction event, whether present in-person or by agent, written offer, telephone, online or any other means.

       

      Cooperating Broker/Agent Fee: Dudley Auctions offers up to a one percent (1%) cooperating broker/agent fee to be paid to broker/agent representing the highest bidder for the real property (cooperating broker/agent fee based on highest offer and not including applicable buyer’s premium). Please contact Dudley Auctions for full terms.

       

      Default: If highest bidder defaults in making settlement, the deposit paid by that defaulting highest bidder shall be forfeited, and the property purchased by such defaulting highest bidder may either be resold at the risk and expense of such party or Seller may accept the next highest available offer at the sale. Such defaulting highest bidder shall be liable personally for any deficiency resulting from the resale of the property it purchased at a lower price as well as for all costs, expenses, and attorneys’ fees in connection with such resale.  The forfeiture of such deposit shall not limit any rights or remedies of Seller with respect to any such default. Any successful Bidder who fails to submit an executed Purchase Contract, fails to make any required earnest money deposit, or fails to close in a timely manner may also be prohibited from bidding on future auctions conducted by Dudley Auctions.

       

      Deposit: Bidders must present, on or before the schedule start time of this auction event, funds for the bidder deposit in the amount of $50,000. This registration deposit must be in the form of cash, cash, certified funds (made payable to Owens & Owens Attention: Ross Allen). If the initial registration deposit is less than 10% of the highest bid, the highest bidder’s deposit must be increased to 10% of the highest bid within 3 business days of the end of the auction event. 

       

      Due Diligence: It is the sole responsibility of the each Bidder to inspect the property; review the information documents relating to the property; assess the accuracy and completeness of the information contained in the Sale Brochure and any such other documents; and independently verify and confirm any estimates, projections, or assumptions relating thereto, none of which may be considered to be guaranties. Bidders are independently responsible for completing Due Diligence to their own satisfaction. By agreeing to these terms and conditions, the bidder represents that they have done so. Registered Bidders are aware of and agree to that the sale pursuant to this auction event is being made on an “as-is, where-is” basis, with no representations or warranties of any kind, expressed or implied, by the Seller and/or Dudley Auctions. 

       

      Dudley Auctions is not the owner of these assets, instead is contractually engaged for the sale of these assets on behalf of the owner (s). These assets are not advertised or being sold Absolute. Dudley Auctions reserves the right to bid on behalf of the owner (s), up to the amount of the reserve.

       

      All Bidders have the sole and exclusive responsibility to select and consult with any and all professional advisors in determining whether to place a bid at this auction event. All Bidders acknowledge that they have relied exclusively on their own investigation and determinations and the advice or their own professional advisors, and expressly represent that they have not relied upon any information provided by the Seller or Dudley Auctions in any way. 

      Earnest Money Deposit:
       If you are the successful bidder, you may be required to provide an additional deposit in the form of a cashier’s check, wire transfer or credit card, within 24 hours or as specified by Dudley Auctions at the conclusion of the auction event. The deposit is to be held by the Dudley Auctions or a designated escrow agent. 

       

      Extended Bidding Time: This auction event is scheduled to begin on the “Starting Date and Time” and tentatively end on the “Scheduled Ending Date and Time” that are listed on the Dudley Auctions website. If a bid is received during the last five (5) minutes before the Scheduled Ending Date and Time, an automatic extension feature in the online-bidding platform will extend the Scheduled Ending Date and Time and keep the auction event open for an additional five (5) minutes beyond the time that the last bid was received. This process will repeat every time a subsequent bid is received until the extension period has expired with no additional bids. 

       

      For example, if the extension period specified by the Dudley Auctions is 5 minutes, and the scheduled ending time is 4 PM but a bid is placed at 3:57 PM, the auction event would automatically extend by 5 minutes and the auction event would close at 4:02 PM if no additional bids are placed during the extension time. 

      Highest Bid Acceptance: All offers are subject to review and approval by the Seller.  Dudley Auctions will inform the highest bidder once the highest bid has been considered. Dudley Auctions reserves the right to accept the highest or best offer in the event this is not the same offer.

       

      Inspection: The property is being sold “where is,” “as is,” “with all faults,” with no representations or warranties except for the general warranty to be included in the deed to the real property. All property descriptions and due diligence documents are provided by Dudley Auctions as a service to customers and do not constitute a warranty, either expressed or implied. All bidders are responsible for inspection of property and by making a bid(s) on the property are deemed to have so inspected the property to their satisfaction.  Placing a bid, whether in-person, by agent, through the online bidding platform, or any other means, constitutes an agreement by participant to these conditions of sale. Dudley Auctions assumes no liability for errors or omissions in this or any other property listing or advertising or promotional/publicity statements and materials.


      Maximum Bid: Registered Bidders will have the ability to submit a maximum bid amount (often called a “Max Bid”) through the online bid platform and to direct that our website bid on such bidder’s behalf in scheduled increments until the maximum amount identified by the bidder has been reached. If a Max Bid in the same amount as was previously authorized by another bidder’s max bid, the other bidder’s max bid as previously entered will be deemed to be the prevailing bid at that amount. In the event that there should be any dispute among bidders with regard to the identity or amount of the high bid, Dudley Auctions reserves the right to reopen bidding and may, in conjunction with such reopening of the bidding, designate one of the bidders as the “High Bidder” at the sole discretion of Dudley Auctions. All decisions by Dudley Auctions shall be final. 

       

      Megan’s Law Disclosure: All interested bidders are solely responsible for conducting any investigation regarding registered sexual offenders prior to bidding and should exercise whatever due diligence they deem necessary with respect to information on registered sexual offenders who might live near a property being offered for sale.  Such information may be obtained by contacting your local police department or the Department of State Police.

       

      Registration: In order to register and place bids for this auction event, all interested bidders will be required to register on the Dudley Auctions website, www.dudleyauctions.com. All Bidders registering for this auction event must be at least eighteen (18) years of age and must be eligible to bid at the sole discretion of Dudley Auctions, based on any past experiences with the registered bidder or otherwise. Registered Bidders may also be subject to verification through credit card information in the registration process through a third party service to verify the credit card has the appropriate funds necessary to register for this auction event.

      If a prospective Bidder has been approved to bid at the auction event, the approved Bidder will receive email notification that they have been approved to bid at the auction event. Bidding rights are not absolute, and all registrations, even if successfully verified by credit card as described above, are subject to manual verification at any time by Dudley Auctions. Dudley Auctions also reserves the right to suspend or terminate any Bidder’s registration this auction at any time. 

      Technical Problems: Dudley Auctions has made reasonable efforts to provide for online bidding for this auction event. All registered Bidders recognize and acknowledge, however, that technical problems with hardware, software, or internet connectivity, as well as human errors, may arise and may affect, without limitation, the Dudley Auctions website, the online bidding program and process, or internet service and access, and the registered Bidder’s connection to this auction event bidding program and process. 

      All registered Bidders further acknowledge that these and other technical problems may develop at any time with or without notice. All registered Bidders acknowledge and agree that neither Dudley Auctions nor the Seller are in any way responsible for any such technical problems, and that registered Bidders have no absolute or other right to be able to bid on this auction in the event of any such technical problems. 

      Notwithstanding the foregoing, all registered Bidders further acknowledge and agree that, in the event of any such technical problems, Dudley Auctions reserves the right to postpone or cancel the auction event and/or extend the bidding time for this auction event and/or schedule another auction event for the property, in the sole discretion of Dudley Auctions, and that any decision with regard to any such actions is and will be final. 

      Terms Specific to This Auction Event: As noted above, Dudley Auctions may provide Additional Terms and Conditions that are specific to this auction event or the property or properties being sold at this auction event. Such Additional Terms and Conditions may, but shall not necessarily be required to, relate to the following provisions, among others: extended bidding time; and bid increments.