AUCTION
173+/- Acres w/ Frontage on the French Broad River
River Islands Golf Club, 9610 Kodak Rd, Kodak, TN 37764
SELLING ONLINE ONLY
BID DEADLINE: Thursday, November 16th @ 1PM EST
Click HERE for Aerial Video Tour of Property
PROPERTY DESCRIPTION & ONLINE OFFERINGS:
OFFERING 1(Lot 2):
Tract 1: 9604 Kodak Road – Knox County Parcel #100-026 / 59.73+/- Acres (contains clubhouse and parking lot area)
OFFERING 2 (Lot 3):
Tract 2: Sevier County / Kodak Road / County Number: 078 / Map 011 / Parcel 002.00 / 34.5+/- Acres (the “island” part of the golf course)
Tract 3: Sevier County / McCleary Bend Road / County Number: 078 / Map 011 / Parcel 050.00 / 66+/- Acres
Tract 4: Sevier County / County Number: 078 / Map 011 / Parcel 053.01 / 12.86+/- Acres
Tract 5: Sevier County / Lazy River Lane / County Number: 078 / Map 011K / Parcel 048.00 / 0.26+/- acres (residential lot that has provided access to Tract 4)
OFFERING 3 (Lot 4): Offering 3 will be the sum of Offerings 1 & 2. A 5% bidder raise will be added to the sum to arrive at the next required bid for the opportunity to place a bid on the entire property. Once Offerings 1 & 2 have closed, Auctioneer will calculate the next required bid and place that amount on the online bidding format. Each Offering will close in 10 minute intervals.
AUCTIONEER’S NOTE: Since purchasing in 2010, the current owners have continued to operate the property as River Islands Golf Club. In order to expedite a sale, they have decided to offer the property at public auction. Their interest is to sell the property so necessary resources can be allocated to their exisiting commercial landscape and design business. Therefore, all remaining golf course related landscaping equipment will not be offered in the auction and will be removed prior to closing. However, all personal property within the clubhouse/pro shop will remain and be conveyed with Tract 1, at the time of closing.
INSPECTION: Thursday, November 9th from 11am-2pm. Please contact Auctioneer before attending inspection.
ONLINE BIDDING: Online bidding & registration is available now by clicking HERE.
TERMS: Please click “Documents” tab for General Auction Terms & Conditions.
BUYER’S PREMIUM: An 8% buyer’s premium will be added to the high bid. Example: For a high bid of $100,000, an 8% buyer’s premium of $8,000 will be added making the purchase price $108,000.
FOR INSPECTION INSTRUCTIONS: Please contact Scott Schwartz at 404-550-3490 or scott@bullseyeauctions.com or Rick Sammons at 770-490-0798 or rick@bullseyeauctions.com
AUCTION BEING CONDUCTED BY: Hilda W. Allen Real Estate, Inc., 212 Old Quitman Annex Road, Adel, GA 31620, Phone: 888-324-5020 Fax: 229-896-1180. TN Broker #286269, TN Firm #257605, TN Auction #5693 & TN Firm #4765
