Property Information-
Five lots consisting of 19.52 acres in a 10-lot subdivision, located on the east side of Lafayette Road (U.S. Route 1) in the southerly section of Portsmouth, New Hampshire. This subdivision has a high degree of visibility for the commercial developer with close proximity to a popular WalMart and other commercial establishments. All five lots are being offered together. Seller will not consider individual lot sales.
Lots 1, 2 and 3 are adjoining lots and are located south of White Cedar Boulevard, the entrance road to Cedars of Portsmouth Condominium development.
Lots 4 and 5 are adjoining lots and are located north of White Cedar Boulevard.
Although the lots have frontage on U.S. Route 1, they do not at this time have access from U.S. Route 1. Access to the individual lots is proposed to be via a one-way private road connecting to White Cedar Boulevard. In 1998, the New Hampshire Department of Transportation agreed to issue a drive permit that will allow common access to Lots 1 and 2 from Lafayette Road.
Utilities-
Gas is available at the site from Northern Utilities; water is available at the site from the City of Portsmouth, New Hampshire (12” main at 48 psi); electricity is available at the site from PSNH; and sewer is available at the site.
Detailed Documents
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Registering an account gives you access to important documents which may include:
Read and Agree To the "Terms and Conditions of Sale"
3.
Download and Complete the Bid Form which can be found in the Documents section for the property
4.
Remember your Online Bid amount must exceed the current High Bid of the property you are bidding on. For a Sealed Bid, your bid must be at least the published Minimum Bid amount
5.
Submit and Send your Bid Form and Bid Deposit (check, wire, personal, corporate or cashier's check) to Republic Escrow Corporation. Bid deposit will vary per auction: Refer to the Terms and Conditions for the auction you are interested in
For Online Bids:
Once Escrow receives your Bid Deposit and Bid Form, we will post your first
bid "Online" and you will be able to view it in the bid history. If someone places a bid higher than you, all
you have to do is click on the 'Bid Now' button and place a higher bid. Each "Online" bid is posted in real-time.
For Sealed Bids:
Once Escrow receives your Bid Deposit and Bid Form we will send you a confirmation notice that we have received
your bid and will notify you at the end of the auction if you are the highest bidder. If a Sealed Bid is switched
to an "Online" bidding format, we will then notify you that the auction you submitted a Sealed Bid for has gone
"Online" and at that point you may place "Online" bids by clicking the "Bid Now" button.
Please contact the Property Representative if you have any questions regarding the bidding process. We invite you
to place a practice Online bid on our Demonstration Auction.
Naturally a bid deposit is not required, but an active LFC account is. Click here to place a practice bid.
