Three-day series of North Georgia auctions starts Oct. 16
We're expecting a great outcome starting Tuesday, Oct. 16, as we begin a major three-day event in Gainesville, with an unusually large and varied selection of properties. As a reminder, here's the press release we issued on the event. Look forward to seeing you there! -- John Dixon
Offices, commercial land, restaurants, homes among properties to sell in three-day auction of bank-owned Georgia properties
ATLANTA, Ga. (Sept. 25, 2012) -- Office buildings, commercial buildings, land and even a church will be among 175 properties selling in a three-day series of auctions Oct. 16, 17 and 18.
"This is an excellent group of properties concentrated in north Georgia, and we're eager to put them into the hands of people who can use them to create homes and business opportunities," said Ronald Gailey, assistant vice president-special assets for the Community Bank & Trust, which is selling the properties.
They are being marketed by John Dixon & Associates, which will conduct the auctions.
"We have more variety in these properties than I've seen in a while, with some restaurants, office buildings, industrial buildings, land and about 21 homes," said John Dixon, president of the auction company.
The auctions will be conducted at the Gainesville Civic Center, beginning each day at 11 a.m.
On Tuesday, Oct. 16, the focus will be on the northeastern corner of the state, with properties in White, Habersham and Rabun counties. The sale will include two office buildings, two restaurants, commercial and industrial buildings and four unfinished homes. The second day, bidders will compete for properties in Stephens, Hart, Jackson, Hall, Madison, Towns, Banks, Dawson and Clay counties, as well as a residential property in North Carolina and agricultural land in South Carolina.
On Thursday, Oct. 18, bidders will compete for approximately 36 properties primarily stretching from Rome to Augusta, across the area just north of Atlanta. Properties will include a retail and medical office center, agricultural land, commercial land, and 26 residential condo pads.
Bidders will be able to participate all three days either in person or via the Internet.
"We will stream the bidding over the Internet, and by prior arrangement, bidders can log in, listen and place bids just as if they were in the room. We'll have a representative to answer questions and help them place bids," said Dixon. "We're finding that this makes it possible for people to participate who couldn't get there otherwise."