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PROPERTY IDENTIFIED AS BLOCK 2201, LOT 54, HERMAN ROAD, JACKSON, COUNTY OF OCEAN, STATE OF NEW JERSEY. THE REFERENCED PROPERTY IS A VACANT PARCEL OF LAND CONSISTING OF 4.73+/- ACRES, 206,039 SQ FT. UNUSABLE LAND AREA IS 2.12 ACRES. 92,347 SQ FT. TOPOGRAPHY SEVERE SLOPE, SHAPE IRREGULAR.
THE FRONTAGE/ACCESS: THE SUBJECT PROPERTY HAS AN AVERAGE ACCESS WITH FRONTAGE AS FOLLOWS: HERMAN ROAD; IT IS NOT A CORNER LOT.
HIGHEST AND BEST USE OF THE SITE: DEVELOP AS AS AN INDUSTRIAL OR LIGHT MANUFACTURING PROPERTY.
THE BUYER IS REQUIRED TO INCUR ANY AND ALL CLOSING COSTS, IN ADDITION TO ANY AND ALL MISCELLANEOUS COSTS, AS PART OF THE ACQUISITION OF THE REFERENCED PROPERTY, INCLUDING A $700.00 FEE FOR PREPARATION OF A CONTRACT OF SALE AND ALL CLOSING DOCUMENTS FOR THE JACKSON TOWNSHIP MUA TO BE DELIVERED TO THE BUYER'S ATTORNEY OR TITLE COMPANY. REQUIRED COSTS OF ADVERTISING SALE IN ONE NEWSPAPER CIRCULATING WITHIN JACKSON TOWNSHIP ON TWO (2) OCCASIONS, NOT TO EXCEED $101.60 AND ANY OTHER FEE REQUIRED TO BE PAID TO MUNICIBID.
PROPERTY WILL BE SUBJECT TO A MINIMUM STARTING BID AT THE APPRAISED VALUE OF $235,000.00.
THE JACKSON TOWNSHIP MUA RESERVES THE RIGHT TO ACCEPT OR REJECT ANY AND ALL BIDS SUBMITTED.
THE BUYER SHALL HAVE THE RIGHT TO ACCEPT THE PROPERTY BY QUITCLAIM DEED OR TO HAVE TITLE SEARCH AND COMMITMENT ISSUED AT REGULAR RATES BY A TITLE COMPANY LICENSED TO DO BUSINESS WITHIN THE STATE OF NEW JERSEY. IN SUCH CASE, THE JACKSON TOWNSHIP MUA WILL DELIVER A BARGAIN AND SALE DEED WITH CONVENANT AGAINST GRANTOR'S ACTS.
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