PROPERTY LOCATION
Wheats Valley Rd
Bedford, VA 24523
Bedford County
AUCTION LOCATION
Live auction held at:
The Sedalia Center
1108 Sedalia School Rd
Big Island, VA 24526
Online bidding available.
DETAILS
- Great timber and recreational tract!
- This Blue Ridge beauty has an abundance of natural resources for year-round enjoyment
- Just 5 miles off the Blue Ridge Parkway, this tract includes part of the Suck Mountain ridge where you can enjoy commanding views of the Blue Ridge Mountains including the famous Peaks of Otter just 6 miles to the west (13 miles driving distance to the Peaks of Otter Lodge).
- 2,224' of scenic frontage on Overstreet Creek, a wild trout stream
- Long frontage (2,627') on Wheats Valley Rd (Rt.640)
- Over 1040 MBF of timber on 77 acres (doesn't include steep portion of Suck Mountain) including over 650,000 board feet of beautiful poplar, many with dbh's of over 24", with some dbh's of up to 40 inches. Great winter tract!
New timber cruise (see Downloads section) provided by Todd Goode / Goode Forestry Consulting
"This tract has one of the best stands of Poplar I have ever had the pleasure to cruise." - Todd Goode / Goode Forestry Consulting - Famous Bedford County hunting (whitetail deer, turkey)
- Enjoy hiking, views, hunting, fishing, camping, and more in your own backyard or take a short drive to some of Virginia's most beautiful locations including the Peaks of Otter (13mi), Jefferson National Forest (2mi), Overstreet Creek Falls (3mi), Blue Ridge Parkway (5mi), Appalachian Trail (6mi to Apple Orchard Falls trailhead), James River (12mi to visitor's center in Big Island), Smith Mountain Lake (30mi), and many more!
OFFERED IN 2 TRACTS
- Tract 1: +/-139.97 Acres south of Wheats Valley Rd
Run wild in this recreational paradise! Great timber tract with 1,363' of road frontage. 924' of scenic frontage on Overstreet Creek and some amazing views from the top of Suck Mountain. - Tract 2: +/-5.38 Acres north of Wheats Valley Rd
Nice weekend retreat tract with 1,300' of frontage on Overstreet Creek and 1,264' of road frontage.
AGENT ON SITE
- Sunday, Jan.3 from 1-3pm
- Thursday, Jan.7 from 12-1pm
- Thursday, Jan.14 from 12-1pm
- Self-guided tours ok anytime. As always this time of year, blaze orange is recommended.
DIRECTIONS TO PROPERTY
- From Bedford, Rt.122N 9mi to LEFT on Coltons Mill Rd (639) at Millstone Market. 2mi to LEFT on Wheats Valley Rd (640). 1mi to Overstreet Creek bridge. Property on left (Tract 1) and right (Tract 2) after bridge.
- For GIS purposes, property is adjacent to 1875 Wheats Valley Rd, Bedford, VA
TERMS SUMMARY
- 10% deposit due day of sale by cash or good check. Closing on or about 30 days. 5% buyer's premium. High bid subject to approval. Click on "Terms" tab for full terms and conditions.
Terms: Property sells "AS-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 liens.
Registration: Bids will be accepted only from registered bidders. On-site registration begins at 11:30 AM day of sale. You may also pre-register on our website or phone app. Deadline for phone and online bidding registration is 6PM EST on the day prior to the auction. A valid form of identification (i.e. driver's license) may be required to register onsite or online.
Online Bidding: Online bidding is available for your convenience. However, due to the technical nature of online bidding, bidder acknowledges that this service may or may not function correctly the day of the auction. Torrence, Read, & Forehand Auctions will not be responsible for missed bids from any source. Online bidders who desire to make certain their bid is acknowledged should use the prebidding function and leave their maximum bid 24 hours before the auction begins. Winning bidders will be notified by email and/or phone and receive instructions for signing the Contract of Purchase (must be returned within 24 hours) and submitting the Deposit (see below).
Announcements: Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property.
Approval: High bid subject to approval by Seller.
Buyer's Premium: A 5% buyer's premium will be added to the high bid to determine the final sales price.
Deposit: Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or good check. Online bidders may overnight deposit or wire transfer funds so it is received within 2 business days.
Closing: Balance of Purchase Price shall be due at closing on or about 30 days after the sale.
Agency: The auction company and its representatives represent the sellers.
