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Units 4, 6 & 8 Winnipesaukee Pavilion/18 Mount Major Highway, Alton, NH

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Units 4, 6 & 8 Winnipesaukee Pavilion/18 Mount Major Highway, Alton, NH Lake Winnipesaukee Residential & Commercial Condos - Units 4, 6 & 8 Winnipesaukee Pavilion/18 Mount Major Highway, Alton, NH Preview: Please Call for Details Auction: September 13, 11:00am ET Auction Location: Auctions to be Held at Unit 4 Property#: AP12088-1, AP12088-2 & AP12088-3 Properties to be Sold Individually or as an Entirety Tranzon Auction Properties P: 866-503-1212 93 Exchange Street, Portland ME F: 207-773-7275 [email protected] Thomas W. Saturley~NH AC#2495 ~ NH RE LIC#11528 TRANZON.COM August 9, 2012 Dear Prospective Bidder: Enclosed for your review is the detailed Property Information Package you requested on the auction of the properties located in Alton, New Hampshire. Properties will be offered individually or as an entirety as follows: • SALE 1: Residential Condominium Unit #4, Winnipesaukee Pavilion, Alton, NH • SALE 2: Residential Condominium Unit #6, Winnipesaukee Pavilion, Alton, NH • SALE 3: Commercial Condominium Unit #8, Winnipesaukee Pavilion, Alton, NH • SALE 4: Entirety The auctions will be conducted on Thursday, September 13, 2012 at 11:00 a.m. and will be held at Unit #4. Parties interested in bidding may register for the sale anytime after 10:30 a.m. Please contact out office for preview information. Deposit monies will be $20,000.00 per Unit, or $50,000.00 to bid on the entirety, due in cash, cashier's check, certified or bank check or the equivalent made payable to Tranzon Auction Properties Escrow Account and deposited with the Auctioneer at the time of registration. Deposit must be increased to equal 10% of the purchase price within 5 days of the auction. The balance will be due and payable within 45 days upon presentation of the Deed. Our staff is readily available to assist you with any questions you may have regarding the property or the auction process. As a reminder to real estate sales agents, associate brokers and brokers, we offer a broker participation fee. Please call us at (207) 775-4300 or toll free at (866) 503-1212 for details. Thank you for your interest in these properties and we look forward to seeing you on auction day. Sincerely, JILL R. DAVIERO Senior Vice President JRD/ssl Tranzon Auction Properties | 93 Exchange Street | P.O. Box 4508 | Portland, ME 04112-4508 | T 207-775-4300 | F 207-773-7275 tranzon.com TABLE OF CONTENTS PAGE Brokerage Relationship Disclosure Form 1 Disclaimers 3 Copy of Advertising 4 Area Map 5 Property Location Map 6 Notification and Seller Disclosure Form 7 Property Description s 9 Site and Floor Plans 10 Copy of Tax Map 15 Summary of Data (Unit 4) 16 Copy of Tax Card (Unit 4) 17 Summary of Data (Unit 6) 19 Copy of Tax Card (Unit 6) 20 Summary of Data (Unit 8) 22 Copy of Tax Card (Unit 8) 23 Portion of Zoning 25 Notices of Mortgagee’s Foreclosure Sale 34 Purchase and Sale Agreement 36 1 Types of Brokerage Relationships commonly practiced in New Hampshire SELLER AGENCY (RSA 331-A:25-b) A seller agent is a licensee who acts on behalf of a seller or landlord in the sale, exchange, rental, or lease of real estate. The seller is the licensee’s client and the licensee has the duty to represent the seller’s best interest in the real estate transaction. BUYER AGENCY (RSA 331-A:25-c) A buyer agent is a licensee who acts on behalf of a buyer or tenant in the purchase, exchange, rental, or lease of real estate. The buyer is the licensee’s client and the licensee has the duty to represent the buyer’s best interests in the real estate transaction. SINGLE AGENCY (RSA 331-A:25-b; RSA 331-A:25-c) Single agency is a practice where a firm represents the buyer only, or the seller only, but never both in the same transaction. Disclosed dual agency cannot occur. SUB-AGENCY (RSA 331-A:2, XIII) A sub-agent is a licensee who works for one firm, but is engaged by the principal broker of another firm to perform agency functions on behalf of the principal broker’s client. A sub-agent does not have an agency relationship with the customer. DISCLOSED DUAL AGENCY (RSA 331-A:25-d) A disclosed dual agent is a licensee acting for both the seller/landlord and the buyer/tenant in the same transaction with the knowledge and written consent of all parties. The licensee cannot advocate on behalf of one client over another. Because the full range of duties cannot be delivered to both parties, written informed consent must be given by all clients in the transaction. A dual agent may not reveal confidential information without written consent, such as: 1. Willingness of the seller to accept less than the asking price. 2. Willingness of the buyer to pay more than what has been offered. 3. Confidential negotiating strategy not disclosed in the sales contract as terms of the sale. 4. Motivation of the seller for selling nor the motivation of the buyer for buying. DESIGNATED AGENCY (RSA 331-A:25-e) A designated agent is a licensee who represents one party of a real estate transaction and who owes that party client-level services, whether or not the other party to the same transaction is represented by another individual licensee associated with the same brokerage firm. FACILITATOR (RSA 331-A:25-f) A facilitator is an individual licensee who assists one or more parties during all or a portion of a real estate transaction without being an agent or advocate for the interests of any party to such transaction. A facilitator can perform ministerial acts, such as showing property, preparing and conveying offers, and providing information and administrative assistance, and other customer-level services listed on page 1 of this form. This relationship may change to an agency relationship by entering into a written contract for representation, prior to the preparation of an offer. ANOTHER RELATIONSHIP (RSA 331-A:25-a) If another relationship between the licensee who performs the services and the seller, landlord, buyer or tenant is intended, it must be described in writing and signed by all parties to the relationship prior to services being rendered. (Page 2 of 2) 2 NOTICE ATTENTION PROSPECTIVE BIDDERS Auction Company is acting solely as agent for the Seller ALL INFORMATION CONTAINED IN THIS AND OTHER ADVERTISEMENTS WAS OBTAINED FROM SOURCES BELIEVED TO BE ACCURATE. HOWEVER, NO WARRANTY OR GUARANTEE, EITHER EXPRESSED OR IMPLIED, IS INTENDED OR MADE. NEITHER THE AUCTION COMPANY NOR ITS EMPLOYEES, AFFILIATES, OR AGENTS (HEREINAFTER “AUCTION COMPANY”) REPRESENT THE BUYER/BIDDER. ALL PROSPECTIVE BUYERS/BIDDERS MUST INDEPENDENTLY INVESTIGATE AND CONFIRM ANY INFORMATION OR ASSUMPTIONS ON WHICH ANY BID IS BASED. NEITHER AUCTION COMPANY NOR SELLERS SHALL BE LIABLE FOR ANY ERRORS OR THE CORRECTNESS OF INFORMATION. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ANY OTHER PROPERTY INFORMATION OR PRINTED TERMS OF SALE. ITEMS MAY BE ADDED OR DELETED. THE PROPERTY AND IMPROVEMENTS ARE SOLD “AS IS, WHERE IS, WITH ALL FAULTS” AND WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND WITH RESPECT TO THE ACCURACY, CORRECTNESS, COMPLETENESS, CONTENT OR MEANING OF THE INFORMATION CONTAINED HEREIN. PROSPECTIVE BUYERS/BIDDERS SHOULD VERIFY ALL INFORMATION. ALL PROSPECTIVE BUYERS/BIDDERS RECOGNIZE AND AGREE THAT ANY INVESTIGATION, EXAMINATION, OR INSPECTION OF THE PROPERTY IS WITHIN THE CONTROL OF THE OWNER OR OTHER PARTIES IN POSSESSION AND THEIR AGENTS. POTENTIAL BUYERS/BIDDERS ARE ENCOURAGED TO SEEK INFORMATION FROM PROFESSIONALS REGARDING ANY SPECIFIC ISSUE OR CONCERN. ANY DECISION TO PURCHASE OR NOT TO PURCHASE IS THE SOLE AND INDEPENDENT BUSINESS DECISION OF THE POTENTIAL BUYER/BIDDER. NO RECOURSE OR CAUSE OF ACTION WILL LIE AGAINST ANY OF THE ABOVE- MENTIONED PARTIES SHOULD BUYER BECOME DISSATISFIED WITH ITS DECISION, WHATEVER IT MAY BE, AT A LATER DATE. AUCTION COMPANY AND SELLER HAVE THE RIGHT TO POSTPONE OR CANCEL THE AUCTION IN WHOLE OR IN PART, IN ITS SOLE DISCRETION. AUCTION COMPANY AND SELLER RESERVE THE RIGHT TO REFUSE ADMITTANCE TO, OR EXPEL ANYONE FROM THE AUCTION PREMISES FOR INTERFERENCE WITH AUCTION ACTIVITIES, NUISANCE CANVASSING, SOLICITING OR OTHER REASONS. TRANZON AUCTION PROPERTIES IS A MEMBER COMPANY OF TRANZON, LLC AND TRANZON INTERNATIONAL, LLC. ALL TRANZON COMPANIES ARE INDEPENDENTLY OWNED AND OPERATED. 3 COPY OF ADVERTISING LAKE WINNIPESAUKEE ONE RETAIL & TWO WATERFRONT RESIDENTIAL CONDOS IN WINNIPESAUKEE PAVILION Offered Separately or as an Entirety Sale 1: Unit #4 - Residential Condo • 2,064± sf Townhouse-Style Waterfront Condo • 2 BR• 2½ BA • Walkout Basement • Finished 3rd Floor Penthouse Cupola & Rooftop Deck • Propane-Fired FHA Heat • Central A/C • 56’± Boat Slip Sale 2: Unit #6 - Residential Condo • 1,767± sf Townhouse-Style Waterfront Condo • 2 BR • 2½ BA • Walkout Basement • Propane-Fired FHA Heat • Central A/C • 24’± Boat Slip Sale 3: Unit #8 - Retail Condo • 1,240± sf 1-Story Condo • 4 Rooms • 1 Half-Bath • Gas-Fired Heat • Central A/C Previews: Please call for details. Auctions: September 13, 11am ET Property Location: 18 Mount Major Highway (Route 11), Alton Bay, Alton, NH Auction Location: On-Site at Unit #4 Tranzon Auction Properties | 93 Exchange St., Portland, ME 04101 Thomas W. Saturley | NH RE Lic. #11528 | NH AC #2495 Sales subject to Terms & Conditions. Brokers welcome. TRANZON.COM 866-503-1212 4 AREA MAP 0 mi 5 10 15 20 Copyright © and (P) 1988–2008 Microsoft Corporation and/or its suppliers. All rights reserved. http://www.microsoft.com/streets/ Certain mapping and direction data © 2008 NAVTEQ. All rights reserved. The Data for areas of Canada includes information taken with permission from Canadian authorities, including: © Her Majesty the Queen in Right of Canada, © Queen's Printer for Ontario.
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