530 Broadway, Middletown, RI 02842

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530 Broadway is located in Middletown, RI.

MULTI-PROPERTY AUCTION
(5) Gas/Convenience/Service Station Portfolio Liquidation
New Hampshire, Massachusetts, Rhode Island
September 27th & 28th, 2011
*On-site and On-line Bidding

Paul McInnis, Inc. has been retained by a local fuel provider and gas/convenience/service station operator to liquidate five of the company’s properties. These properties will be offered in a two day auction sale on-site and on-line.

Wednesday, September 28th at 11:00 a.m.
533 Broadway, Newport, Rhode Island

This is a 180+/- sq.ft. gas/service station with 4 lifts, (3) 8,000 and (1) 1,000 gallon underground gasoline storage tank and two pumps. The site total .38+/- acres of land and is serviced by municipal water and sewer.
Stephen H. Schofield Lic.# 5021

Inspection: By Appointment with Auctioneer; and one half hour prior to each auction.

Terms: $10,000.00 deposit in cash, certified check or bank check per property at time and place of sale is required to bid (unsuccessful bidders’ deposits to be returned immediately following the sale). Successful bidder to increase deposit to 10% of purchase price by personal check within 5 days of the sale, balance due at closing within 45 days.10% Buyer’s Premium. Auction subject to all Terms of Sale.

Broker Participation Welcome

NH Lic. #2089, MA Lic. #AU205, Stephen H. Schofield RI Lic.#5021