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Cherokee Pines Golf Club
Previous Page Listing ID#: 1670761
Previous Page Listing ID#: 1670761
| Auction Location |
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Centre, AL 35960 |
| Auction Dates and Times |
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Bidding Starts: Sunday Nov 10, 6:00 AM Bidding Ends: Wednesday Nov 20, 1:00 PM |
| Auction Type |
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 Online Auction
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| Company Information |
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Bullseye Auction & Appraisal Contact: Rick Sammons Phone: 770-490-0798 Email: rick@bullseyeauctions.com Website: www.BullseyeAuctions.com GoToAuction.com ID#: 4721 View company information and listings |
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| Listing Terms and Conditions |
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A 10% non-refundable earnest money deposit must be wired to Designated Escrow Agent’s Account within 24 hours of contract acceptance. Immediately following the auction, winning bidder will sign an “as-is” Auction Real Estate Sales Contract. A copy of the Auction Real Estate Sales Contract may be reviewed prior to the auction. Please contact Auctioneer for a copy. Wiring instructions will be sent to high bidder at the conclusion of the auction.
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| Listing Information |
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Cherokee Pines Golf Club Centre, AL 35960 Selling Online Only ASSET DESCRIPTION: Property consists of a fully operational 18 hole golf course on 109+/- acres. The auction will include equipment and all proprietary information. Property provides a pro shop, banquet area, two kitchens, men's and women's bathroom, swimming pool, cart shed, parking, covered storage area, 35 individual unit private cart storage, driving range, practice green, maintenance shed, pump house and acreage for possible residential development. Cherokee County Tax Parcels: 17-01-01-2-000-058.000 and 17-01-02-0-000-008.003. Cherokee Pines Golf Club is deed restricted and must operate as a golf course until October of 2047. From January 1st to October 21st, 13,411 rounds have been played. This number does not factor tournament rounds. Currently, there is a Yamaha cart lease in place until May of 2027. There are 8 payments annually of $2,730. The carts are motor but, Yamaha will work with the new purchaser to convert to electric, should that be desired. In addtion, each cart has a YamahaTrak GPS. The GPS is a separate lease that runs through December 2028 with a monthly payment of $1,225.00. There are a total of 35 carts. Purchaser will be responsible for assuming both leases. Please contact Scott Schwartz at 404-550-3490 for a copy of both leases, membership report, and profit and loss statement. Please check Auctioneer's website for more information. INSPECTION: Please contact Scott Schwartz at 404-550-3490 for instructions. REGISTRATION & BIDDING: Online registration and bidding to start on November 10th. TERMS: Please click the "Terms" tab for General Terms and Conditions. BUYER’S PREMIUM: A 10% buyer’s premium will be added to the high bid. Example: For a high bid of $100,000, a 10% buyer’s premium of $10,000 will be added making the purchase price $110,000. ONLINE BIDDING: For online bidding instructions, please contact Scott Schwartz at 404-550-3490 or scott@bullseyeauctions.com. Online Auction Facilitator: Bullseye Auction & Appraisal, LLC, 6470 E. Johns Crossing, Suite 160, Johns Creek, GA 30097, Phone: 770-544-7479. In Conjunction w/: Hilda W. Allen Real Estate, 212 Old Quitman Annex Road, Adel, GA 31620, Phone: 229-896-1492. |
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Auction License: GAL# 3575 |
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