Estuary Oysters
Oyster Processing Equipment, Bags and Cages, and Marina with Cold Storage Facility
Property Address: Marina Location – 102 Ben Willis Road, Crawfordville, Florida – Town of Spring Creek Florida
Auction Date: Thursday, February 15, 2024 3:00 PM
Property Inspection: Call to Schedule Showing
County: Wakulla
Important Selling Features: Marina
- Only on-water oyster processing and cold storage facility in the region
- 15’ x 8’ cold storage facility
- Additional parking pads for growth
- Racks on property for storing oyster bags and cages
- Restrooms and additional dry storage space
- 4 boat slips
Detailed Property Description: The lease for Nolan’s Rest Marina is up for transfer. The leased marina with its available boat slips, oyster processing area, and on water 15’ x 8’ cold storage facility is one of the only cold storage and processing facilities on the water in the State of Florida. This means more time on the water (or less if you want) before you need to get your oysters in cold storage. This marina lease includes 8 boat slips with the potential for up to 16 if needed via renegotiation of lease as well as a boat ramp.
PLEASE NOTE: You are bidding on the right to assume the lease for the Nolan’s Rest Marina and Processing facility. Monthly Payments and any additional costs associated with assuming this lease are separate from your bid price. The contract for the lease will be signed separately with the landlord after the conclusion of the auction and payment of auction proceeds has been received. In the event the landlord refuses to rent to the winning bidder, the bidders will be refunded their auction purchase price. Winning bids for the Marina Lease and the Equipment are separate transactions and are independent of one another. A refund will not be given to a buyer who wins one item and fails to win the other.
Complete Equipment List:
- 270 OysterGro 4-bag cages
- 23 OysterGro 6-bag cages
- 2 OysterGro 2-bag cages
- 388 OysterGro 18 mm bags
- 1044 OysterGro 14mm bags
- 588 OysterGro 9mm bags
- 170 OysterGro 3mm bags
- 50 PVC Pipes (4”x 20’)
- 2 Aluminum Tumbler Tubes
- 5 Aluminum Work Tables
- 2 Stainless Steel Work Tables
- 1 Pressure Washer
- 1 Air Compressor
- 2 Pneumatic Cage Repair Guns
- 1 Cage/Bag Repair parts pkg.
- 4,000 Packaging Boxes/Supplies
- Tools/marine equipment/supplies pkg.
Detailed Equipment Description: Complete oyster aquaculture equipment setup, just bring your own boat! Plenty of quality cages and enough bags of each size to get you off the ground, or to resupply an already thriving oyster harvesting business. Also includes oyster sorting tumblers and processing tables so you can be a one-stop oyster shop! Whether you are looking to get your feet wet or get your head above water, you won’t want to miss out on this auction!
Winning bids for the Marina Lease and the Equipment are separate transactions and are independent of one another. A refund will not be given to a buyer who wins one item and fails to win the other.
GPS Coordinates:
Location of Marina: 30.078124802765945, -84.32824277875643
Driving Directions to Marina: On Coastal Highway 98, turn South onto Spring Creek Highway. Travel Approximately 4.4 Miles and turn left onto Ben Willis Road. Follow the road around the curve to arrive at your destination.
For More Information Contact:
Tucker Sowell
The Weeks Group, LLC
(229) 891-7653 - Office
(229) 403-4127 - Cell
Tucker@BidWeeks.com
Bidding Terms and Conditions
Estuary Oysters - Oyster Processing Equipment, Bags and Cages, and Marina with Cold Storage Facility
102 Ben Willis Road, Crawfordville, Florida
Town of Spring Creek Florida
Online Only Auction
Bidding Opens February 1, 2024 at 10:00 AM
Bidding Ends February 15, 2024 at 3:00 PM
www.TheWeeksGroup.com
Final Contract Price to Include a 10% Buyer’s Premium
Online Only Auction Real Estate Bidding Terms and Conditions
Auction Date and Time: Thursday, February 15, 2024 at 3:00 PM
Open House Dates and Times: Call to Schedule Showing
For More Information Contact: Tucker Sowell
The Weeks Group, LLC
(229) 403-4127 - Cell
(229) 891-7653 - Office
Tucker@bidweeks.com
Please Read the following terms carefully. By registering for this auction, you acknowledge that you have read and understood all terms and conditions herein and set forth within the supporting documentation described in the terms and that you have inspected the property or had the opportunity to do so.
If you do not agree to these terms, please DO NOT bid!
The property will be offered for sale through The Weeks Group’s Online Bidding Platform.
A sales tax of 6% will be charged on the final sale price of the equipment. Dealers buying for resale may be exempt from paying sales tax by providing The Weeks Group with your sales tax number and executing a sales tax exemption form.
Bidder Registration and Verification:
For verification purposes, a credit card is required in order to register for this auction. Upon registering, an authorization charge of $1,000.00 will be charged against the credit card used for registration. This authorization is not a permanent charge placed on your card, it is only a pre-authorization used to verify identity of our bidders and the availability of funds on the credit card used for registration. Please be advised that The Weeks Group has no control over the length of time the verification charge remains on your card, that is at the sole discretion of your credit card company. Also, please be aware that registering for multiple auctions could incur multiple verification charges; and in some instances, multiple verification charges may result in a fraud alert being sent to the card holder. The Weeks Group reserves the right to reject or accept bidder registrations at its sole discretion. By registering with The Weeks Group, you are consenting to receive marketing from The Weeks Group.
Terms of Sale:
At the close of the auction, successful bidders will be emailed an invoice with your final contract price. Included with this invocie will be the instruction for submitting your earnest money deposit. The earnest money deposit required for the Marina Lease is $5,000. The Oyster Equipment must be paid for in full prior to ANY pickup.
Bid Increments:
The Bid Increments will be as follows:
Amount Up to: | Bid Increments |
$10,000 | $500 |
$50,000 | $1,000 |
$100,000 | $2,000 |
$250,000 | $5,000 |
$500,000 | $7,500 |
$1,000,000 | $10,000 |
$1,000,000+ | $25,000 |
The Weeks Group reserves the right to adjust bid increments as needed.
Scheduled Auction End Times:
The Auction is scheduled to end at the published end time, subject to auto-extend bidding. Each time a bid is placed with the clock showing less than 10 minutes, the clock will reset to 10 minutes. In the event the auto-extend time needs to be reduced, The Weeks Group reserves the right to adjust the auto-extend, as needed.
Buyer’s Premium:
A 10% Buyer’s Premium will be added to the bid price for each property to determine the final contract price. For example, if your final bid price is $100,000, 10% ($10,000) will be added, resulting in a total contract price of $110,000.
Contract for Sale:
This property is offered under the specific terms provided in the Contract for Sale and specific Contract Special Stipulations as below. The Contract for Sale is available for review at www.TheWeeksGroup.com. Please fully read and review the entire Contract for Sale prior to bidding. If you have any question or concerns to anything included in the Contract for Sale, please contact The Weeks Group prior to bidding. Please do not bid prior to reviewing the entire Contract for Sale Document.
Contract Special Stipulations
- Final approval of sale will be made by the United States Bankruptcy Court after the conclusion of the auction. Earnest money funds or complete payment in full can still be made during this approval timeframe with no penalty to the buyer should the court reject the bids.
- All Equipment MUST be paid for in full prior to pickup
- Final agreement to new lease for the Marina is subject to Landlord’s approval. Earnest Money or complete payment can be made at no penalty to buyer if new tenant is rejected by Landlord.
- You are buying the right to be in first position to assume the new lease for Nolan’s Rest Marina and processing facility. Your purchase price is separate from any and all costs associated with acquiring the new lease, including rent payments and deposits.
As Is, Where Is:
All property is selling “As-Is, Where Is” with all faults. It is the buyer’s responsibility to conduct any and all inspections and perform all acts of due diligence deemed necessary before bidding. Placing a bid will be considered as acceptance of the property in it’s as-is condition.
Bidder Default:
In the event a winning bidder fails to submit the signed Contract for Sale and/or earnest money deposit within 24 hours of the close of the auction, the winning bidder shall be liable in damages for 10% of the Contract Price. This is a fair pre-estimate of the damages incurred by the winning bidder’s failure to consummate the transaction, the loss of revenue from marketing the auction, and the potential damages incurred in the future from the chilling effect such breach may have upon future auction customers and bidders. The actual damages incurred by The Weeks Group for a winning bidder’s failure to submit a signed Contract for Sale and/or earnest money deposit as set forth herein is difficult, if not impossible, to determine for the reasons set forth above, but the sum of the damages set forth herein is a reasonable pre-estimate of the probable loss, and by submitting any bid, the bidder is expressly agreeing to these terms as set forth herein. Further, a winning bidder that breaches the terms as this agreement expressly authorizes The Weeks Group to charge the defaulting bidder’s credit card provided at registration for the full amount of the damages set forth herein, and if such charge is not permitted for any reason, the bidder shall immediately pay the agreed upon damage price to The Weeks Group in the form of certified funds payable to “The Weeks Group.” Failure to pay these damages shall entitle The Weeks Group to collect interest at the highest legally allowable rate from the date of the breach, as well as all costs incurred with collection, including reasonable attorney’s fees.
Bid Cancellation:
The Weeks Group reserves the right to remove or cancel the bids and bidding privileges of the party at any time that bids or bidding is deemed to not be in the best interest of the seller.
Earnest Money Deposit:
Upon the close of the auction, successful high bidders will be required to submit an earnest money deposit of $5,000 of the purchase price for the Marina. The successful bidder will have 24 hours to send the earnest money in the form of Wire Transfer or Cashier’s Check.
Closing:
With timing being of the essence, each contract will be a cash contract, not contingent or subject to financing, appraisal, or survey, as described in the Contract for Sale. Closing will take place no more than 15 days from the end of the auction. New lease agreement will be negotiated between Buyer and Landlord after the auction closing. Final Lease documents can be signed once payment in full as made to The Weeks Group, LLC.
Agency Disclosure:
The Weeks Group is acting as agent for the seller and at no time is The Weeks Group responsible for, acting on behalf of, or acting as agent for the buyer. Full agency disclosure will be acknowledged by both seller and buyer on the Agency Disclosure form attached as Exhibit “C” on the Contract for sale.
Disclaimer:
The Weeks Group believes all information contained herein to be correct to the best of our knowledge. All information is being furnished to bidders solely for the bidder’s convenience and it is always the responsibility of the bidders to determine the accuracy and completeness of all information. Reliance on information provided is solely at the risk of the recipient. Bidders should always conduct their own due diligence, inspections, and investigations prior to bidding. Bidders needing assistance should seek necessary assistance prior to placing a bid.
Technology Disruptions:
Auctioneer will not be responsible for technology disruptions, errors, or failures (including disruptions to bidding or the failure to execute, recognize, or record online bids), whether caused by (i) loss of connectivity, breakdown, disruption, or failure of the Online Auction Platform, (ii) breakdown, disruption, or failure of a Bidder's internet connection, computer, or system, or (iii) otherwise. Auctioneer may, but will not be required to, continue, suspend, delay, extend, reschedule, or close the Auction because of disruptions caused by technology failures, even after bidding has commenced.
Failures by Online Auction Platform Provider and its Affiliates or Contractors:
Auctioneer may use an Online Auction Platform Provider to facilitate the Auction. Under no circumstances will Auctioneer be liable for any failure of the Online Auction Platform Provider to perform all or any of its obligations, or for the failure of any affiliates, employees, agents, representatives, or contractors of the Online Auction Platform Provider to perform their obligations.
Disclosure:
As detailed in Rule 55-10-.01 (3) of the Georgia Auctioneers Commission: Any auction sale is, without requirement of announcement at any time, presumed to be with reserve unless the property are in explicit terms put up at absolute auction. According to Rule 55-10-.01 (4)(b) The Weeks Group and our sellers hereby give notice that bids may be made by the seller, or upon the seller’s behalf, at any auction with reserve.
Go Bid Now!
www.TheWeeksGroup.com
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