BANKRUPTCY AUCTION

THIS IS NOT AN ONLINE AUCTION!

THIS IS FOR ADVERTISEMENT ONLY!

BANKRUPTCY AUCTION

Selling Former Property of Southern Hosiery Mill
DBA/Windsor Fabrics & Menzies-Southern Hosiery

Tuesday, November 3, 2009 – 11 a.m.

Hickory, NC – Catawba County

Minimum Acceptable Bid of $250,000

Live On Site & Interactive Bidding Available via Proxibid.com

Auction Location: On site at 953 C Avenue SE, Hickory, NC

From I-40 at Exit 126, travel North on McDonald Parkway for 1.1 mile.  Turn left on Tate Boulevard SE & go 1.5 miles.  Turn right on 9^th Street Lane SE, go 0.4 mile to property.  Watch for signs.

From Highland Avenue NE, turn right on 8^th Avenue NE to property on left.  Watch for signs.

Approximately 50,000 +/- Sq.Ft.  Building  on 3.37+/- Acres
with 2,200+/- Sq. Ft. Office Space

Entire Building has Heat/AC, Water, Sewer, Natural Gas
& Sprinklers Throughout

300 hp Boiler – Runs off Natural Gas

(4) Large Loading Docks

Paved Parking Lot

Metal Storage Building in Rear

Zoned – I-2

Deed Book 1049 at Page 0229, Parcel/371317200965

– Small Amount of Office Furniture to be Offered Separately – 
Desks, Chairs, Computers & Printers

Inspections:  Wednesday, October 21 & Wednesday, October 28 from 1 p.m. – 4 p.m. & Tuesday, November 3 from 9 a.m. – 11 a.m.

Terms: 20% deposit due at the auction by cash or check, with the balance due at closing.  A 5% buyer’s premium will apply.  A 3% buyer’s premium will apply to any purchases made over the internet.  Conditions – All information contained herein is deemed to be from reliable sources.  However, neither the Auctioneer nor the Seller guarantees this information to be correct.  We reserve the right to add or delete.  Please inspect the property and bid accordingly.  The Auctioneer represents the Seller in this transaction.

 Broker Participation Invited

Iron Horse Auction Company, Inc.

PO Box 1267-Rockingham, NC 28380

800-997-2248 – NCAL 3936

www.ironhorseauction.com