SOLD! June 19 10:00 AM 7,900 Sq. Ft. Commerical Condominium Middletown/Newport RI

SOLD! Receiver’s Sale by Public Auction: By Order of the Court Appointed Receiver of CAS, LLC Vincent Indeglia, Esq.

June 19, 2015 10:00 AM

Unit #2, Valley Park Condominiums


 

 

 

60 Hammarlund Way #2, Middletown, RI  
7,900 sq. ft. Modern Commercial Condominium with Paved Parking set on 3.39 Acres of land located in Aquidneck Corporate Park. Close to defense contractors, health care businesses, office and research facilities.

 

Property features  open floor space, bright sunny offices, large paved parking area, high ceilings  and three (3) entrances. Currently configured for catering with two (2) removable coolers and freezers, floor drains, epoxy floors and many more amenities. Property may be reconfigured for Office use, Research, High Tech Light Assembly, Biotech Research & Development, Medical Offices and other permitted uses.  Property comprises land and improvement on Assessor Plat/Lot 115/3702. 

5% Brokers Commission to participating Brokers  BROKER’S RULES HERE

Terms of Sale: $15,000.00 Deposit in Cash or Certified Funds to register to be increased to 10% of total winning bid no later than three business days thereafter.  5% Buyers Premium. Sale is subject to Court confirmation to be obtained the same day or the next business day.  Deposit is non-refundable once sale is confirmed by the Court.  Sale to be completed on the 21st day following Court order of confirmation and may only be extended for an additional 20 days at the sole discretion of the Receiver. Receiver will take back up bids under same terms, except back up bid to provide only $15,000.00 deposit  and shall close within 10 days after default by primary bidder.  Back up bid shall be firm and deposit will be non-refundable in the event of default by primary.  Back up bid deposit refunded immediately upon close of primary bidder.

View Tax Assessor Field Card

View Receiver’s Sale Package

Inspection by appointment with the Auctioneer. Please call 401.792.4300 for appointment.

View the Photo Gallery of the Property:

Location: [mqMap key=”KARQ” width=”350″ height=”310″ src=”http://www.mapquest.com/embed?icid=mqdist_mb_wp&c=KARQ&maptype=map&zm=12&cr=41.50241792510792,-71.28476352636765&projection=sm&showScale=false”]My New Map[/mqMap]