TERMS and CONDITIONS:
By registering for this auction, you agree to the terms and conditions as stated:

1. PORT CITY AUCTIONS strives to accurately describe the items being sold. All property offered for sale is strictly AS-IS WHERE-IS with all faults. Guaranteed marketable title.

Changes in Circumstances:
All aspects of this Auction are subject to change without notice. The Auctioneer reserves the right to at anytime and in the Auctioneer�s sole and absolute discretion make changes.

It is the responsibility of the bidder to determine the exact condition of the property. No statement in this auction or by representatives of Port City Auctions shall be considered as a warranty or assumption of liability. Oral and written descriptions given by its staff members in person or electronically are given as a courtesy to a client, are only an opinion, and should not be considered as a guarantee of age, composition, or authenticity.


By bidding, you signify that you have either closely examined the property, have chosen not to examine it, or have hired an independent agent to examine the property for you.

2. The AUCTIONEER reserves the right to withdraw the auction for any reason deemed appropriate. Port City Auctions shall always have the right to withdraw at any time for any reason and to default any sale in the event of an error or dispute.

3. There is an 10% buyer�s premium for on-line bidding.

4. Defaulted bidders will be black-flagged in our database as unable to bid on Port City Auctions online platform from that point forward. We reserve the right to sell to the next highest qualified Bidder and/or Buyer in the event the successful high Bidder and/or Buyer do not comply with the terms of the sale. By bidding on the property in the auction, the Buyer agrees to all terms and conditions set forth.


PLEASE DO NOT BID IF YOU ARE UNABLE TO COMPLETE THE TRANSACTION.


5. WINNING BID NOTIFICATION:
Final bid acceptance is subject to owner confirmation.
You will then be contacted via phone and/or email. Please ensure you put the best contact information for you.


THERE IS A 10% BUYERS PREMIUM ADDED TO THE HAMMER PRICE
THERE IS A 10% NON-REFUNDABLE DEPOSIT DUE WITHIN 3 DAYS OF ACCEPTED BID BY WIRE TRANSFER.

6. PAYMENT: Non-refundable deposit is due within 3 days of the end of the auction through wire transfer to Port City Auctions escrow account. The balance will be due within 30 days of executed contract. Current bids on the internet will be executed on your behalf during the auction by, Hibid.com, or other viable Internet platforms. However, Port City Auctions cannot be held Liable for live internet bids that are not sent, received, or executed by the administrator.

7. Legal Fees: Negative feedback, publicly posted comments and/or all complaints resulting from bidder's failure to read and/or understand terms & conditions will be aggressively pursued by legal counsel with bidder(s) responsible for all legal fees.

8. If you are a broker representing a buyer or you are a buyer who has a broker representing you, the broker must contact auction company via phone prior to bidder submitting bids.

9. Both properties are being sold together as 1 with owner confirmation. If you are the high bidder, you will be notified shortly after the auction ends if your bid was accepted or rejected.


Port City Auctions
Chuck Nance, Auctioneer
NCAL #5557
NCREL #218972
980-581-1622

Auction Opportunity � Residential & Automotive Compound with Development Potential 308 Rehobeth Road, Waxhaw, NC 28173 Union County | Parcel IDs: 05114005A & 05114005B Buyer�s Premium: 10% ONLINE ONLY Auction starts Sunday Oct 12th @ 6pm EST and ends on Sun Nov 16th @ 6pm EST. The Offering: Own a multi-use property package just minutes from Downtown Waxhaw. This unique �4.75-acre compound includes both a single-family residence and an automotive service complex, offering a rare combination of residential living, income potential, and land for future development. Property Summary Parcel 1 � Residential Home Address: 308 Rehobeth Rd, Waxhaw, NC Lot Size: �0.67 acres Residence Size: �1,566 SF Heated Living Area Bedrooms/Baths: 2 Bedrooms | 1.5 Bathrooms Amenities: Above-ground pool & hot tub Covered front porch & rear deck Generac gas-powered backup generator Paved driveway with carport Condition: Average overall with deferred maintenance noted (crack in bedroom ceiling/wall) Zoning: R3 Single-Family Residential Utilities: City water/sewer, natural gas, electric Flood Zone: X (minimal risk) Parcel 2 � Automotive Service Facility Address: 308 Rehobeth Rd, Waxhaw, NC (adjacent parcel) Lot Size: �4.086 acres total (2.45� acres excess land fronting Mill Street) Improvements: �2,420 SF Auto Service Garage (1988) �2,220 SF Auto Service Garage (1980) �1,944 SF Six-Bay Garage with HVAC (2000) Topography: Level with paved parking and driveways Zoning: R3 Single-Family Residential (grandfathered commercial use for auto service) Utilities: City water/sewer, natural gas, electric Flood Zone: X (minimal risk) Potential Uses: Continued auto service operation, rental income, or potential residential redevelopment (subject to zoning) Investment Highlights Flexible Use: Live onsite and operate a business, lease out the auto shop, or redevelop all or part of the land Development Potential: �2.45 acres of excess land fronting Mill Street may support subdivision or residential construction Strategic Location: Less than 1 mile from Downtown Waxhaw 20� miles southeast of Uptown Charlotte Strong Market Demographics: Waxhaw median household income: $128,115 Union County home values are up nearly 6% year-over-year Comparable Sales: Residential comps between $265K�$400K Automotive assets in the Charlotte MSA have traded for $1.1M�$1.5M depending on size and location Auction Terms Buyer�s Premium: 10% Deposit: 10% non-refundable deposit via wire within 3 days of close of auction. Sale Type: As-is, where-is, no contingencies Closing: Typically 30 days from contract execution Broker Participation: Available (contact for terms) Inspection & Due Diligence Property tours available by appointment prior to auction. All bidders are encouraged to conduct full due diligence before bidding. Contact Information For registration, property information, or to schedule a tour: Chuck Nance 980-581-1622 chuck@portcityauctions.com Disclaimers All information provided is believed accurate but is not guaranteed. Bidders must rely on their own inspections. Sale is subject to seller confirmation. Port City Auctions Chuck Nance NCREL#218972 980-581-1622