5800 Johnson Mountain Rd, Huddleston, VA 24104 - Bedford County

MINIMUM BID AUCTION: Savoy-Lee Winery

Monday, Dec. 9, 2013 at 12:30PM

AUCTION SITE: Savoy-Lee Winery

5800 Johnson Mountain Rd, Huddleston, VA

Savoy-Lee is an award winning, family owned farm winery started by owner, David Wood, in 2004

Part of the Bedford Wine Trail

Strategically located between Bedford, Smith Mountain Lake, Lynchburg, and Roanoke

According to Virginia Tech, this is one of the best grape growing areas in the state

Numerous nearby attractions including Smith Mountain Lake, Leesville Lake, Peaks of Otter, Blue Ridge Mountains, historic Appomattox, and the D-Day Memorial

Nicely wooded 17.464 acre tract

8,220 sq.ft. winery designed to handle over 6,000 cases per year after thorough research to determine what size winery would produce the best return on investment

The upper level (2,100 sq.ft.) offers a beautiful, open floor plan tasting room and an unfinished kitchen/pantry area.

The lower level (4,800 sq.ft.) houses the main operations area and features a covered loading dock.

Attractive, low-maintenance metal siding and roofing.

Lighted parking lot

A fantastic opportunity to own an award winning Virginia winery at an amazing price!

CLICK HERE to view Savoy-Lee's website

SALE INCLUDES:

Real Estate: 8,220 sq.ft. winery on 17.464 acres. Tax assessed at $526,800

Business (S-corporation)

Wine inventory (offered as part of S-corporation). Estimated retail value over $220,000.

Extensive list of equipment including tanks, press, pumps, tractor, etc (detailed list available). Estimated value over $100,000.

MINIMUM BID ONLY $450,000

Sells to the highest bidder with a bid of $450,000 or higher.

AGENT ON SITE

Saturday, Nov.23 from 12-2 PM

Wednesday, Dec.4 from 12-2 PM

Day of sale beginning at 11:30 AM

Private Showings By Appointment. Call 434.847.7741

Additional viewing opportunities:

Tasting room open Saturdays Noon-6 & Sundays Noon-5

DIRECTIONS

From Lynchburg: US-460W to LEFT on Rt.811. 5mi to RIGHT on Rt.24. 3mi to LEFT on Preston Mill (627). 2mi to RIGHT on Johnson Mtn Rd. Half mile on the left.

From Roanoke: Rt.24E to RIGHT on Rt.43S. 3mi to RIGHT on Rt.43S. 3mi to LEFT on SML Pkwy (626). 2.4mi on the right.

Click Here for MAP

REAL ESTATE AGENTS: 2% Commission Available

A 2% commission will be paid at closing to any broker licensed in Virginia whose agent properly registers a successful high bidder. Broker Registrations must be received by Monday, Dec. 9, 10:00 a.m.

Realtors: Click Here for Broker Registration Form

TERMS AND CONDITIONS

Terms:

Property sells AS-IS, "WHERE-IS" without warranties of any kind. Potential Buyers must perform such independent investigations with respect to the Property as they deem necessary to verify information provided by Auction Company.

Warranty:

All information provided by Auction Company is deemed reliable but is not warranted. The information provided by the Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company.

Title:

Seller will convey title by General Warranty Deed free and clear of all leins.

Registration:

Bids will be accepted only from registered bidders. Registration begins at 11:30 AM day of sale. Please bring a valid form of identification (i.e. drivers license)

Announcements:

Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property.

Buyers Premium:

5% buyers premium added to bid price to determine final contract price.

Deposit:

Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or company or personal check with ID.

Closing:

Balance of Purchase Price shall be due and payable in collected funds on or about 30 days after the sale.

Agency:

The auction company and its representatives represent the sellers.