Smith County Tract

Location

Smith County, MS

Price

$598,500

Acres

300

Status

Available

Description

Tract Description:  An approximate 300 acres of timberland located off Highway 501 southwest of Pineville, Mississippi.  External access through 30' ROW, interior access is provided by internal roads and trails.  This tract has great potential for lot development, recreational use, or timberland investment.

Conditions of Sale:

Minerals:  No oil and gas mineral rights will be conveyed by Seller.  Seller is reserving a 50% royalty interest in any rock, sand, gravel, and aggregate that may be produced by Purchaser.

Fiber Assignment:  These tracts are subject to a fiber supple agreement with Gaylord Container Corporation giving Gaylord the right of first refusal on any refusal on any pulpwood removed from the lands.  Complete details of this encumbrance are available upon request.

closing: Terms of the sale: a 5% deposit will be required upon execution of Buy-Sell Agreement, closing to take place within 30 days of agreement, cash or certified funds are required at closing.  The Seller will provide a Warranty Deed to the property.  The Seller is unaware of any hazardous or environmental concerns on this property.  The Seller believes the title to be clear; however, if a title search reveals the need of curative work, the Seller shall have a reasonable amount of time to clear title.

Inspection Of The Property:  Prospective buyers may enter upon the lands for inspection at any time provided they have completed and submitted an entry permit.  Entry permits are to be sent via U.S. mail to Butch Vines 313 Telly Road PMB 16 Picayune, MS 39466.

Contact Us:  Please contact Vines Realty and Land LLC, Butch Vines Broker at (409) 201-6815 / edgar_vines@msn.com for additional information and questions regarding this property, or visit our Web Site for other property listings:

www.thesouthernlandgroup.com

Price: $598,500