Large Land Tracts

Auctioning Large Land Tracts

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Albert Burney Auctions

 

Massive land auction: 11 square miles of southeast Kentucky set for auction

WILLIAMSBURG, Kentucky (May 5, 2020) — Approximately 7,000 acres in southeast Kentucky with abundant marketable hardwoods, streams, ponds and game will be offered in an online auction, with bidding opening at noon Monday, May 25 and continuing through midday on June 4. Albert Burney Auction Company is marketing the land and conducting the auction.

The land, making up 11 square miles, is located in Whitley County, four miles north of the Tennessee state line. It will sell in two tracts or as an entirety. According to a current survey of the timber, the land had 11.4 million board feet of merchantable timber 10 inches or larger, according to Warren Ward, president of the company. The land is selling with mineral rights.

“This is certainly one of the biggest tracts for sale in Kentucky, and tracts this size in the Appalachians are rare. There are considerable stands of highly desirable woods, including red, white, chestnut and other varieties of oak, as well as maple and poplar. “The hardwoods especially are in consistent demand for cabinetry, furniture and trim of high-end homes,” said Ward.

The land includes five free flowing streams running throughout it, with numerous ponds, providing a haven for the deer and other game, as well as settings for use as pasture for those who wish to use the land for grazing. 

All bidding will be online at www.albertburney.com. Albert Burney will provide bidders with needed help with registration and bidding. Individuals seeking additional information may visit the web site or call 256-543-1654.

The auction company also has auctions of large land tracts coming up in Montana, Arkansas, Minnesota and Kentucky.

Albert Burney Auctions, headquartered in Huntsville, Alabama, specializes in the sale of ranches, timberland and high-value estates nationwide. 

Opportunity in Paradise – Progresso Pointe Belize Auction

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Progresso Pointe Belize Auction – Progresso Pointe, a 4± acre parcel of land on Progresso Lagoon with over quarter of a mile of waterfront, is the perfect place to live, work, play, retire or even develop.

Progresso Pointe has 7 condo units, which are individually titled, and can be sold, rented out or even a combination of both.  A 2 bedroom / 2 bath house, where the new owner/developer could live or retire.  A caretaker’s apartment, entertainment areas, such as: the dining area, kitchen, beach bar & stage, two rustic waterfront cabins, and so much more.

There is additional space for future development to add another condo building, tiny home(s), or more entertaining amenities, such as day tours, yoga weekends, weekend retreats, etc.

This opportunity will be presented to the public, at auction, on Feb 22nd.  The auction will be held live at the property and remote bidding will be made available for those who cannot attend the live auction.

The owner has made the decision to offer this property at Absolute Auction, meaning that the property will sell to the highest bidder, on auction day, regardless of price.

“I’ve been in this business over 20 years and have sold properties in 40 states and 11 countries, and I’ve never seen a property like this, where the barrier of entry is so attractive and so low but the rate of return is so high.” Warren A Ward, President of Albert Burney.

Investing in Belize is different than investing anywhere else in Central America.  Belize is the only official English speaking country in Central America.  And the Belizean legal system uses English Common Law.  Countries like Taiwan and Kuwait are investing heavily into the infrastructure of Belize making this area of Belize a new gold mine of opportunity. With the new roads and bridges, Northern Belize will be even more accessible for tourist and growth.

In order to take advantage of this opportunity, registered bidders will need to register to bid, showing proof of funds, with the successful bidder putting a 10% earnest money deposit down on auction day, with the transaction set to close on or before 30 days after the auction.

Both owner financing and bank financing are available, call Albert Burney, the auction company, for more details.

The barrier of entry for this property is something that doesn’t come around often.  Don’t miss this opportunity. For more information visit http://www.albertburney.com