sale of Town property

PUBLIC NOTICE

SALE OF TOWN PROPERTY

An offer of $565,000 has been submitted for the purchase of certain property owned by the Town of Holden Beach located at 796 Ocean Boulevard West in the Town of Holden Beach, North Carolina, tax parcel 246bc002.

Persons wishing to upset the offer that has been received shall submit a sealed bid with their offer to the Office of the Town Clerk, 110 Rothschild Street, Holden Beach, NC 28462 by 5:00 p.m. on September 9, 2024 (please write 796 OBW on the outside of your offer). At that time the town clerk will open the bids, if any, and the highest qualifying bid will become the new offer. If there is more than one bid in the highest amount, the first such bid received will become the new offer.

A qualifying higher bid is one that raises the existing offer by not less than ten percent (10%) of the first $1,000.00 of that offer and five percent (5%) of the remainder of that offer (the bid must be higher than $593,300). A qualifying higher bid must be accompanied by a deposit in the amount of five percent (5%) of the bid; the deposit may be made in cash, cashier’s check, or certified check. The town will return the deposit on any bid not accepted and will return the deposit on an offer subject to upset if a qualifying higher bid is received. The town will return the deposit of the final high bidder at closing. The buyer must pay cash at closing.

The Holden Beach Board of Commissioners must approve the final high offer before the sale is closed, which it will do within 30 days after the final upset bid period has passed. The town reserves the right to withdraw the property from sale at any time before the final high bid is accepted and the right to reject any and all bids at any time.

Further information may be obtained by emailing heather@hbtownhall.com.