Sykes Properties Scheduled For Friday Auction Block

By: William F. Galvin

Topics: Real estate

SOUTH HARWICH – Postponed once and canceled on another date, the auction of the mixed-use Sykes properties on Route 28 has been rescheduled for Friday.

This time it will be an absolute auction, according to information provided by JJ Manning Auctioneers. “Selling individually and in the entirety with 815 Route 28 (adjacent 6,500-plus-square-foot mixed-use building) to the highest bidder, regardless of price,” the auction firm announced.

The original set date for the auction was April 14, but it was moved back a month to May 17. With a few interested parties examining the properties on May 17, a decision was made to postpone the auction to July 1.

“The seller's instructions were to postpone it,” auctioneer Justin Manning told The Chronicle at the time. “We had a handful of bidders, but the owner wanted to sell it in entirety rather than parcel it off.”

Those bidders will have another shot with the auction scheduled for Friday at 11 a.m. Manning has made it clear that this is not a distress sale, and the property owner has chosen an auction as an accelerated method of marketing the property.

“It is scheduled for Friday and will happen unless I sell it sooner,” Justin Manning said in an email to The Chronicle on Tuesday.
The two properties are in the Commercial Highway One District, extending 200 feet back from the road where the residential district begins. The property at 815 Route 28 is .46 of an acre, has 178.87 feet of frontage and a building area of 6,500 square feet.

The front portion of the building is a circa 1850 two-story Colonial with dormers and an enclosed sun room and an attached two-story addition to the rear which was built in 1988. There is a 36-by-52-foot heated dive pool in a large open room to the rear.

The adjacent parcel at 809 Route 28 is a .55-acre lot, cleared with a lawn which has been used for parking. The plan is to offer each parcel individually at the auction and then add the bid totals and auction both parcels. If they get a higher bid than the sum of the two auctions, it will be sold as a package to that bidder.

According to Harwich assessors records for FY16, the current owner of the 815 Route 28 parcel is The 815 Main Port Trust, Bernard G. Sykes Trustee. The property and building are assess at $411,000. The 809 Route 28 parcel has Clayton Realty Trust, Bernard G. Sykes Trustee, as owner. The vacant lot is assessed at $163,400.

Anyone interested in bidding must have a certified deposit check for $20,000 for the 815 Route 28 property and $10,000 for 809 Route 28. A check for $30,000 is required for a bid in entirety.