**INVITATION TO PURCHASE** 982 Ac – Wilcox County - Yellow Bluff Tract
982 acres in Wilcox County, Alabama
Listing Status: New
**This property will be sold via a “Target Price Offer Sale”. Offers will be accepted until June 21st, 2019 at 10 AM (Central Time). Offer form can be accessed via the INVITATION TO PURCHASE link below.**
Yellow Bluff Tract
Property Description: Located along the banks of the Alabama River in Wilcox County, Alabama, the Yellow Bluff tract is highlighted by large stands of mature hardwood timber. With minimal timber harvests in the past 20 years, this is a unique property that offers a glimpse into the past of what an old growth hardwood river bottom looks like. The high volume of timber on this tract steals the show. The buyer of this property can create a timber harvest plan that provides significant income for years. The wildlife is in abundance on this tract and provides great viewing and hunting opportunities for all types of wild game. There is a nice fishing pond on the property near the river bank with good fishing for crappie, bass, and bream. There is also a beautiful sand bar on the river bank providing a great spot to park your boat, picnic, and do some tight line fishing. This is a great land/timber investment and recreational property.
Method of Sale: On behalf of Miller Company, Tutt Land Company is listing the 982 Ac +/- Yellow Bluff tract for sale via a “Target Price Offer Sale” with a “Target Price” of $3,500,000.00. Prospective buyers are invited to submit offers until Friday June 21st, 2019 at 10AM. At this time, all offers will be sent to Miller Company for review. (All offers will be kept confidential by Tutt Land Company)
Scenario 1: A prospective buyer that submits an offer that meets or exceeds the “Target Price” will be offered the opportunity to purchase the property. In the event that more than one prospective buyer meets or exceeds the “Target Price” prior to the June 21st, 2019 10AM deadline, then those prospective buyers will be invited to submit their best offer via sealed bid on Thursday June 27th, 2019 at 10AM. At this time, the highest offer will be submitted and may be accepted if approved by Miller Company’s board of directors.
Scenario 2: If no buyer reaches the “Target Price”, then the buyers with the 3 highest offers will be invited to submit their best offer via sealed bid on Thursday June 27th, 2019 10AM. At this time, the highest offer may be accepted if approved by Miller Company’s board of directors.
Property Location: The property is located off of Hwy 10 in Sections 01, 05, 06, 07, 12, and 31, Township 11N & 12N, Range 7E & 6E.
Sale Particulars: A signed sales agreement will be executed upon an agreement to price and terms by both Seller and Buyer. A sales agreement represents an irrevocable offer to purchase the land and timber at the submitted offer amount. A deposit of 5% of the total offer amount must accompany the sales agreement in order to be a valid agreement. **PLEASE NOTE THAT THE SELLER RESERVES THE RIGHT TO REJECT ANY OR ALL OFFERS**
Access Information: Combination locks will be placed on the 2 access gates (see map). Combination is 2019. **PLEASE CLOSE GATES AFTER PREVIEWING THE PROPERTY**
Offers accepted until Friday June 21st, 2019 10:00 AM
Tutt Land Company
6352 2nd Ave.
Thomaston, AL 36783
For More Information:
Hale Smith (334) 509-9015 firstname.lastname@example.org
Walter Tutt (334) 534-1315 email@example.com
Tutt Land Company Office (334) 627-4004
**Although the maps and information provided are believed to be correct, they cannot be guaranteed by Tutt Land Company**