No Comments

Cayucos Lots to be Auctioned

This is from an email I received from the County. If you would like us to help you with the bid and providing other info about these lots, give us a call!

The County of San Luis Obispo owns property that will be auctioned to the highest bidder. The property consists of 2 vacant lots at 790 Cornwall Street, near the intersection of Hillcrest Street, measuring about 17,325 square feet in total and zoned Commercial Retail (APNs 022-123-003 and 022-123-022). The property currently has a water Intent to Serve Letter for 1.29 EDU’s valid through June 1, 2017. The previous owner had obtained a minor use permit (expired) for two commercial buildings of 2,992 and 3,172 square feet and associated parking on one of the parcels. The property is also subject to an irrevocable license agreement to provide parking for 5 cars on the property to serve a nearby property.

Written bids (USING THE ATTACHED FORM ONLY) are due at the address below by Monday, April 7, 2014 at 5:00 PM, and the auction will take place at the Board of Supervisors Meeting on April 8, 2014 (about 1:30 PM or as soon thereafter as possible). The minimum bid is $250,000, and bids less than the minimum will not be accepted. A cashier’s check in the amount of $10,000 payable to the County of San Luis Obispo must be submitted with the bid, which shall be nonrefundable upon acceptance of the highest bid.
Deposits submitted with bids that are not accepted will be returned. Oral bidding is allowed during the auction, but oral bids will not be heard if no written bids are submitted. Escrow must close within 45 days. The only acceptable condition of sale is the approval by the Cambria CSD of the assignment of 1.29 water EDU’s to the buyer, at the buyer’s cost.

Written by Keith Byrd - Go to Keith's Website/Profile