Zeb B. Barfield Inc.

Professional Auction Sales

REAL ESTATE AUCTION

With Development Potential

SATURDAY MARCH 1 @ 11:01 AM

3 TRACTS / 140+ ACRES

ONANCOCK, VA

Tract 1: (86)+/- ACRE FARM on Savgeville Rd. This is a combination of cleared land and woods. With great development potential.

Sold for $193,000.00

Please note, that we have been able to obtain the following from the seller.

Atlantic Group & Associates, Inc. has performed the following services, and for which $11,635.00 of the total project price, has been paid.

Boundary Survey 80% complete

Topographic Survey 90% complete

Wetland Delineation 90% complete

Preliminary Soils evaluation for Septic Suitability 100% complete

Wetland Location Survey 90% complete

Concept Design 70% Complete

In an e-mail from Atlantic Group, to our client, a copy of which was forwarded to us on December 4, 2007, they indicated that they would be willing to negotiate a price for all, or a portion of the services already completed.

The contact information for these services is:

Atlantic Group & Associates, Inc.

10044 Old Ocean city Blvd.

Berlin, MD 21811

410-629-1160 & 410-629-1710 Fax

www.the-atlanticgrp.com

Tract #2: (28) acres +/- with a (6) unit townhouse complex in place with plenty of room for expansion.

Tract #3:  (32) acres +/- cleared land with development potential adjacent to tract # (2) above

Sold for $335,000.00

Tracts (2) & (3) will be offered separately then together. These properties are located on the left hand side of Main Street if you are entering town from Onley, Virginia’s Four Corner Plaza

TERMS: $25,000.00 down the day of the auction PER PROPERTY. In the form of a Cashier’s Check or PER APPROVED personal check. The balance shall be paid at closing which shall be within (45) days form the date of the auction. A 5% Buyer’s Premium will apply. These properties are being sold in “AS-IS” condition without any warranty of any kind.Tracts (2) & (3) will be offered separately then together.

DIRECTIONS: From RT 13 @ Onley’s Four Corner Plaza—turn west and head into Onancock, VA. Properties 2 & 3 will be on your left hand side and are clearly marked. Continue into the town of Onancock, VA and turn left @ the Corner Mart. Turn left on Savageville RD and tract #3 will be on your left. Likewise, this property is clearly marked.

More details, pictures & terms available soon!!

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