GRAFORD, Texas, Sept. 23, 2016 /PRNewswire/ -- Thursday October 6th, Gaines Bend Development, Ltd. and PK Land Development, Inc. will sell waterfront development tracts and water front lots on Possum Kingdom Lake overlooking "Hell's Gate". Many of the properties will be sold "Absolute" with no minimum and no reserves. The auction will be conducted by The National Auction Group, Inc. of Gadsden, Alabama.
Properties include 28 +/- acres of lakefront property with 1175 +/- ft. frontage on Possum Kingdom Lake – Selling at "Absolute Auction"; an additional 80+/- acres of prime residential development tract with over 1/3 mile of lake frontage on Possum Kingdom Lake and Hell's Gate; Gaines Bend Homesites with frontage on Possum Kingdom Lake & Hell's Gate – Some selling "Absolute Auction"; Split Rail Ranch Homesites, the only large acreage lots offering both cliff lines and a water feature, within The Cliffs Golf Resort - Some selling "Absolute Auction".
This auction offers well over 100 + acres fronting Possum Kingdom Lake. Features include an established infrastructure with utilities and roads making it a prime piece of acreage. This property is perfect for lake front homes or condominiums.
Site tours begin October 1st through auction day, October 6th during the hours of 10:00 a.m. to 6:00 p.m. Call 256-504-1450 during that time or call 1-800-650-0882 for additional information.
The auction will be held at 100 Cheyenne Drive, Graford, Texas inside the Gaines Bend Development at 3:00 p.m. (Central time) on October 6th, 2016. Registration begins at 1:00 p.m. In order to register bidders will be required to bring certified or wire funds in the amount of $75,000 for the 80 +/- acres; $50,000 for the 28 +/- acres; $5,000 per lot. These funds are immediately returned if you are not the successful bidder. Onsite bidding will be offered as well as phone bidding for all properties. Brokers representing buyers will be paid a commission subject to broker participation guidelines, call for details 800-650-0882. Pre-auction offers are welcome.
To tour or request additional information about the properties interested parties can call 800-650-0882 or visit the company's website: www.NationalAuctionGroup.com.
The National Auction Group, Inc. has forged their reputation as being the country's dominant auction team. The company is known for creative and aggressive marketing strategies and the ability to match buyers with unique properties. If you are looking to buy or sell real estate call The National Auction Group at 800-650-0882.
SOURCE The National Auction Group, Inc.