Zeb B. Barfield Inc.

Professional Auction Sales

VERY IMPORTANT

PUBLIC AUCTION

OF

CHINCOTEAGUE MOTEL & TOWNHOUSE

Saturday January 24 @ 11:01 A.M.

On this date, Zeb B. Barfield, Inc. will be extremely pleased to offer these prime waterfront and water view properties known to many as:

The Birchwood Motel a (31) unit motel complex adjacent to the Chincoteague Carnival Grounds on 2+ acres.  The motel is 16,678 SF, built in 1969.

The engineering has been done and the site is suitable for additional septic in the event someone wanted to develop a portion of the property for additional townhouses or condos.

Annual taxes: $7,411 City & County combined

Tax Map ID # 30A3A000165

TERMS: $50,000. down the day of the auction in the form of a Cashier’s Check made payable to yourself or a PRE APPROVED personal check, with the balance due @ closing which shall be within (45) days from the date of the auction. A 5% buyer’s premium will apply. This property is being sold in AS-IS condition without any warranty of any kind.

AND A

BRAND NEW Channel Breeze Waterfront Town House, directly across the street with boat slip & dock. Three story 2 BR, 2-1/2 BA, built in 2006, and contains 2400 SF +/-, located in the Chincoteague School District.

Townhouse has smoke detector, vaulted ceilings walk-in closets, cable TV, whirlpool in the first floor bedroom, security lighting, pier/dock, heat pump, central AC & ceiling fans,

TERMS: $20,000.00 down with the same terms as above.

2% BROKER PARTICIPATION ON THIS ….AND ALL REAL ESTATE WE OFFER

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