Rosenberg Martin Greenberg, LLP

25 South Charles Street

Suite 2115

Baltimore, MD 21201

LENDER ORDERS

AUCTION  

3.29 ± ACRES PRIME DEVELOPMENT OPPORTUNITY ZONED M-1

                         (Known As)

8356-8378 WELLINGTON ROAD

MANASSAS, VA 20109

WEDNESDAY, MAY 5^th, 2021 at 12:00 PM (NOON)

ALL THAT FEE SIMPLE LOT OF GROUND AND THE IMPROVEMENTS thereon situate and lying in Prince William County, Virginia.

The Property is believed to be improved by a small residential dwelling “tear down”, zoned M-1 “Heavy Industrial” believed to permit automotive repair with associated sales and many other potential uses. The property is believed contain 3.29 ± acres with a 394’ frontage along Wellington Road.  

TERMS OF SALE: This Auction is being conducted by the secured lender, Manassas Lender, LLC (the “Lender”) with the authorization of the owner of the Property, KGDH Properties, LLC.  A deposit of $50,000.00 for the Property in cash or certified funds will be required of the purchaser(s) at time and place of Auction Sale. The deposit must be increased to an amount equal to ten (10%) of the purchase price no later than noon Friday, May 7, 2021, the increased deposit to be delivered to the Auctioneer’s office. Balance due in cash or certified funds within thirty (30) days. Interest to be paid on the unpaid purchase price at the rate of 6.00% per annum from day of Auction Sale to date of settlement. Time shall be of the essence with respect to settlement by the purchaser(s). The Lender and/or the Attorney for Lender reserve the right, in their sole discretion, to reject any and all bids or withdraw the Property from sale at any time before or at the Auction. The Lender shall be allowed to credit bid at the Auction. The Lender, if a bidder, shall not be required to post a deposit or pay interest. In the event the purchaser(s) fails to go to settlement as required, the deposit shall be forfeited, and the Property resold at the risk and expense of the defaulting purchaser. If the Lender and/or the Attorney for Lender are unable to convey title, the purchaser's sole remedy in law and in equity shall be limited to a refund of the deposit and the sale shall be considered null and void and of no effect.

Taxes, water, ground rent and all other municipal charges and liens owed against the Property (if any), including special paving taxes and/or metropolitan district charges, shall be the responsibility of the purchaser and shall be paid by the purchaser at settlement. In addition, all other charges, expenses and liens owed against the Property including, but not limited to, all condominium fees, HOA fees, and expenses and public charges and assessments owed against the Property and payable on a periodic basis, such as sanitary and/or metropolitan district charges (if any) shall also be the responsibility of the purchaser and shall be paid by the purchaser at settlement. In the event taxes or other charges owing on or with respect to the Property have been prepaid by the Lender or Owner, they shall be repaid by the purchaser at settlement. The cost of all documentary stamps, recordation taxes, document preparation and transfer taxes are to be paid by the purchaser.

The Property will be sold in an "AS IS" condition, without any warranties or representations either express or implied as to the nature, condition or description of the improvements thereon.  Accordingly, the Property is being sold subject to all easements, consensual and non-consensual liens, deeds of trust, mortgages, conditions, restrictions, rights of redemption, covenants, encumbrances, such state of facts that an accurate survey or physical inspection of the Property might disclose and agreements of record affecting the same, if any, unless any of the foregoing are paid off and released in connection with any sale. Purchaser shall be responsible for obtaining physical possession of the Property. In the event the Property is subject to a ground rent, purchaser agrees to the leasehold purchase subject to the ground rent with no adjustment in the purchase price. In addition, the Property will be sold subject to all existing housing, building and zoning code violations, and subject to all environmental problems and violations which may exist on or with respect to the Property and subject to all matters and restrictions of record affecting the same, if any. The purchaser(s) at the sale shall assume the risk of loss for the above-referenced Property immediately after the Auction Sale takes place. The Purchaser will hold harmless and indemnify the Auctioneer as well as the, Lender, the Attorney for Lender and all employees and agents of the foregoing against any and all claims and/or actions arising out of Auctioneer’s participation in the auction from date of sale to date of settlement, including without limitation, expenses, judgments, fines, settlements and other amounts actually and reasonably incurred in connection with any liability, suit, action, loss or damage as a result of Auctioneer’s participation in the auction. The information contained herein was obtained from sources deemed to be reliable but is offered for informational purposes only. The Lender and/or the Attorney for Lender, and the Auctioneer do not make any representations or warranties with respect to the accuracy of this information.

Joshua D. Bradley, Attorney for Lender