8750ft² - Holly Ridge N.C. Family Style Restaurant for sale in Holly Ridge, North Carolina

UPGRADE: AN PUBLIC AUCTION ON THE JACKSONVILLE COURT HOUSE STEPS HAS ACTUALLY BEEN MADE A DECISION.

In the Jacksonville N.C. High court now. One of the owners has filed a Partition Case (Court Data 12 SP 819 Partition Proceeding) on the various other member of the family (owners) to require a sale of this property.

Great Possibility for Real Estate Developers or the Right Enterprising Business owner. The Former Holly Spine Smokehouse Restaurant Structure and Land at 511 Highway 17 Holly Ridge North Carolina 28445 will certainly be quickly readily available available for sale because of estate liquidation. An earlier fixture and antique public auction sold all the Smokehouse dining establishment equipment so it is not turn key. The land is 4.38 Acres plus Building. 6,510 Foot Interior with 2,240 Exterior Covered Location with a Substantial Parking area. 2.85 Wooded Acres in Back. An Additional 12.91 Wooded Acres Next Door is Also Available. Would make a wonderful restaurant, resort, motorbike, car or religion dealer, clinical facility, beauty parlor, supermarket, truck leasing and storage center, clam shack, road residence bar, second hand shop, preschool, sewing and craft center, family members therapy and mental health and wellness facility, dramatization institution, dinner theater, Buck store, garden facility, pet store, corner store, BBQ Shack, bait and take on, art gallery, tattoo store, wig and toupee hut, seasonal Halloween / Xmas costume and design store, furniture shop, antique shopping center, or strip shopping center. Great deals of website traffic everyday on Freeway 17 with a substantial car park. Close to Top Sail Isle.

A partition is a term used in the legislation of real estate to explain an act, by a court order or otherwise, to divide up a simultaneous estate into separate sections representing the proportionate interests of the renters. Under the usual legislation, any tenant which has an undivided simultaneous interest in land could seek such a division. Sometimes, the parties concur to a certain division of the land; if they are unable to do so, the court will figure out a suitable division. A sole proprietor, or numerous proprietors, of a piece of land may segment its/their land by entering into a Deed poll (occasionally referred to as "taking").

There are 3 kinds of partition which could be awarded by court: partition in kind, partition by allotment, and partition by sale. A partition in kind is a division of the residential property itself among the co-owners. Partition in kind is a default approach of residential property partition. Partition by sale constitutes a forced sale of the land, followed by division of the revenues therefore realized amongst the tenants. Normally, the court is meant to buy a partition sale simply if the land could not be physically split, although this determination typically leans on whether the financial worth of the broken down pieces is much less in the aggregate in comparison to the worth of the parcel as a single item.


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