National Commercial Auctioneers to Auction High-End Investment Grade Coastal Properties in Hilton Head Island, Charleston, Myrtle Beach

TULSA, Okla., May 12 /PRNewswire/ -- National Commercial Auctioneers [www.natcomauctions.com] announces a bank-ordered property auction event June 2-4 featuring high-end, investment grade coastal South Carolina properties, according to Randy Ligon, CAI, Regional Vice President.

"We have an exceptionally rare offering of 30 completed town homes located in the very popular Hilton Head Island resort area," said Ligon. "The site is 4.99 acres with fifteen duplex units - all classically designed and extensively renovated in 2008. Each town home is nestled among the marsh and trees that give Hilton Head its exceptional character."

Ligon said that his company is selling the entire development in Hilton Head Island for one bid and the buyer can either add the property to their portfolio as a strong rental income source or sell them off individually.

"This is an exceptional opportunity to buy investment property in Hilton Head Island at auction prices," noted Ligon. "Some of these condominium homes have breathtaking views across the Port Royal Sound."

The second property of note is The Commons at Archdale in North Charleston which consists of a 2.74 acre, 36-unit approved town home project located along the heavily traveled and major employer based area of Dorchester Road corridor.

"The project site has been completely developed with all utilities and infrastructure," Ligon said. "The property is currently improved with 12 new, three-story, 1,480 square foot town homes with a Charleston design inside and out. They are approximately 85 percent complete."

Ligon explained that the remaining portion of the site is improved with five pads ready to build the remaining 24 town homes approved under the plan. He said direct access to the development is from Archdale Blvd, just off of Dorchester Road, which is a four-lane, high-traffic-count divided highway parallel to the Ashley River.

The third feature property, Bali Bay, is located on the Grand Strand of Myrtle Beach. Bali Bay is a five-story, 12-unit luxury condominium development with four direct oceanfront and eight ocean view units, each averaging 3,650 square feet. The site is .57 acres with 75 feet of ocean frontage and 36 ground-level parking spaces.

"Bali Bay is partially complete and would be an excellent investment with tremendous turn-around potential," said Ligon.

Also at auction in this June multi-property event are several other properties, including residential development land and exclusive residential development lots.

Bidders must register prior to the auctions. Broker participation is encouraged. An off-site due diligence meeting is set for Friday, May 21 from 12pm to 3pm, at the Hampton Inn, 1803 S. Ocean Blvd in Myrtle Beach. For more details about the properties, including how to obtain property information packages, visit www.atlasauctionproperties.com or call toll free (877) 895-7077.

National Commercial Auctioneers is a nation-wide auction company that specializes in the sale of commercial real estate at auction for banks, receivers and bankruptcy courts.

SOURCE National Commercial Auctioneers