“Philipsburg Property” – PRICE UPON REQUEST

 

* This property is a DISTRESSED SALE.

Price Upon Request …

Property sits on 1088 m2.

Market value $1.125.000

Auction value $788,000

 

Properties such as this one that we have labelled DISTRESSED SALE are often priced below market value, but may only be available for a limited time.  Sometimes the timing of purchasing real estate is as important as the location!

 

Most of the properties we have labelled as DISTRESSED SALE are at risk of foreclosure and this is why the homeowners, the banks that have a mortgage on the properties, and ISLAND REAL ESTATE TEAM work together to find a buyer fast.

 

Some restrictions apply:

 

* Homeowners may or may not be willing to show their home to prospective buyers.

* Homeowners and banks both have to approve the offer

* It is possible that the properties suffer from some neglect and will need repairs.

* Sometimes the home will be sold via an auction.  If that is the case, then the cost for the auction are to be paid by the buyer.

* For other brokers looking at these listings, please note the commissions have been discounted …

 

The building is a recently renovated two-story commercial structure, now functioning as an office building.  Within this commercial building, you will find the following features:

 

The ground floor

 

*Front desk / Lobby

*3 Offices

*Meeting room

*3 Service booth

*Playroom

*Kitchenette

*Archive

*Staff toilet

*Guest toilet

*Hallway

*Interior wooden stairs to above

 

Second floor

 

*5 Offices

*Archives

*Toilet

*Hallway

*Interior stairs to below

 

The building has been recently renovated, and the construction consists of the basic concrete structure, concrete ring beams, columns, bock work, concrete foundation, concrete slab floors.  The roof is a concrete roof. The interior walls are of sheetrock partition walls.  The walls are plastered and painted.  The floors are tiled with ceramic tiles.  The walls in the toilets are partially tiled with ceramic tiles.  The kitchen has no tiles on the walls.  The building has air conditioning and CCTV.  The staff and customers have their own entrances.