Click Photo at Left for Complete Terms and Conditions and Additional Photos

• formerly KP’s Bar & Grille
• Great Location for Restaurant/Professional Office/Retail
• Commercial Condo Build 2006
• Amelia Park Town Center-Great Location
• 2644+/- SF 1st Floor, 1922+/- SF 2nd Floor
• Shared Elevator Service
• Zoned C-1 (Community Commercial)
• Commercial Restaurant Equipment Selling Separately

Property Type: Commercial Condominium
Restrictive Covenants: Yes – See Condominium Documents
Number of Stories: 2
Approximate Year Built: 2006
County: Nassua
Tax ID: 00-00-31-102U-1430-0000

Amenities: 1430 Park Avenue, Fernandina Beach, Florida consist of the former KP’s Bar and Grille locations. It is a turnkey restaurant that was built out in the commercial component of Amelia Park Town Center between Wal-Mart and Publix. It is perfect for either another restaurant or could be converted to other retail or office uses. The equipment is selling separately.

Directions: From Interstate 95, Exit 373, travel east on State Route 200 12.3 miles to Sadler Road, turn right on Sadler Road and travel 1/10 miles to South 14th Street. Turn left on South 14th Street and travel to Park Avenue on the right. Turn right on Park Avenue and property is on the right. Watch for Auction Signs!

For more information on this property please contact:
Robert (Bob) Selton, III
Colliers Dickinson
24th Floor
One Independent Drive
Jacksonville, Florida 32202
bobs@colliersdickinson.com

Contract For Sale of Real Property: Each property is offered under the specific terms provided in the contract. The Contract For Sale of Real Property is available at www.rowellauctions.com for each specific property. Please read and review the contract thoroughly prior to bidding on any property. If you have not read and reviewed the Contract for Sale of Real Property, Do Not Bid!

Auction End Times: All Rowell Online Only Real Estate Auctions are timed events. Auctions with multiple properties have staggered end times with 10 minutes between each ending.

Example: An auction scheduled to end at 10:00 a.m. will close the first property at 10:00 a.m., the second at 10:10 a.m., etc. Rowell Online Only Real Estate Auctions also have an auto extend feature. Any bid placed within 10 minutes of the auction ending will automatically extend the auction for 10 minutes from the time the bid is placed. Example: If an auction scheduled to end at 10:00 a.m. receives a bid at 9:59 a.m., the close time of the auction automatically extends to 10:09 a.m. The auto-extend feature remains active until no further bids are received within the 10 minute time frame.

Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Rowell will reject the registration, and bidding activity will be terminated.

Real Estate Terms: At the close of the auction, successful bidders will be emailed a contract to be executed and returned to the onsite broker along with their earnest money deposit. Successful bidders will deposit $25,000.00 per property. Earnest money deposits must be in the form of cashier’s check or wire transfer with the on-site broker listed for the specific property. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees.

Buyer’s Premium: A 10% buyer’s premium will be added to the bid price to determine the final contract price.

Buyer’s Premium Example:
Bid Price: $100,000
Plus 10% Buyer’s Premium: $10,000
Total Contract Price: $110,000

Contracts: Contract Documents will be sent by e-mail to the successful bidder, who must execute and fax or email back to the onsite broker within 48 hours of the end of the auction. Successful bidders not executing and returning their contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default.

Auction Bid Default: In the event a winning bidder fails to submit the signed “Contract for Sale of Real Property” and earnest money deposit as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by Rowell Auctions, Inc. and the Seller as provided in the Auction Terms & Conditions and the “Contract for Sale of Real Property”.

Closings: Time being of the essence, this sale shall be closed on or before Thursday August 20, 2009. The seller will pay for one-half of the title insurance fee for an owner’s title policy. The purchaser will pay all other closing costs associated with this sale including State of Florida Documentary Stamps.

Open House: Representatives will be onsite and Friday, July 10 from 1:00 to 4:00 pm and Friday, July 17 from 1:00 to 4:00 pm for inspections. To inspect the real estate at other times, please contact Bob Selton, Colliers Dickinson at (904) 358-1206.

Broker Participation: A two percent (2%) bid price commission will be paid to any properly registered broker whose prospect purchases real estate at the auction and closes in full. Broker must be licensed in Florida and must register their prospect 24 hours prior toclient submitting a bid Broker registration forms are available online and should be faxed to (229) 890-9567.

Agency Disclosure: In all transactions, the auctioneer is acting as agent for the seller, not as buyer’s agent.

Radon Gas – Notice to Prospective Purchaser: Radon is a naturally occurring gas that when it has accumulated in a building in sufficient quantities may present health risk to persons who are exposed to it over time. Levels of Radon that exceed Federal and State guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your County Public Health Unit. Pursuant to 404-056(8), Florida Statutes.

Compensation: The Purchaser acknowledges that Rowell Realty & Auction Co., Inc. is being paid by the Seller, Pursuant to Rule 2-13.003(2), Florida Administrative Code.

Disclaimer: All information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being furnished to bidders for the bidder’s convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Each bidder must conduct and rely solely upon its’ own investigation and inspection. The property is being sold “AS IS” with any and all faults. Please review all information supplied and seek appropriate assistance prior to bidding.