MAJOR LAND AUCTION - 251+/- ACRES IN 7 TRACTS - BEECHWOOD GOLF COURSE IN DARKE COUNTY, OHIO

Arcanum, Ohio - Darke County - Twin Township

Owner: Beechwood Golf Course dba Mikesell Transportation Brockers, INC Tue, Nov 27, 2018 EASTERN

AUCTION IS OVER

• 251+/- Acres in 7 Tracts • Tracts Ranging from 8-132 Acres • Beechwood Golf Course • Top Condition - TURNKEY OPPORTUNITY • Totally Irrigated course with Multiple Ponds • Potential Estate Building Sites • 27 HOLE fully Developed Golf Course • Impressive Clubhouse & Banquet Facility • Abundant Road Frontage • 10 miles southeast of Greenville, OH • 25 miles northwest of Dayton, OH • 20 miles northwest of Richmond, IN • 9 miles north of the I-70 Interchange • Online Bidding Available • The Beechwood Golf Complex • presents an excellent opportunity to own a turn-key business and also potential land buyers the opportunity to Bid on the Tract or combination of Tracts that best fit their needs. Come examine all of the possibilities!

Auction Info Book

OPEN HOUSE/INSPECTION DATES

Meet a Schrader Representative at Tract 1
Tuesday Oct. 30 from 11 AM - 1 PM
Tuesday Nov. 6 from 11 AM - 1 PM
Tuesday Nov. 13 from 11 AM - 1 PM

PROPERTY LOCATION

1476 St. Rt. 503, Arcanum, OH 45304. From I-75 take Exit 14 (SR 503) north 9 miles to the property. You will find frontage on OH SR 503, Grubbs Rex Rd., Loop Rd. and Littles Road.

AUCTION LOCATION

Held On Site

TRACT DESCRIPTIONS

Tract 1: 20± ac Darke County, TWIN Township, Sections 19 & 20

20+/- Acres featuring an impressive clubhouse with several improvements. This beautiful setting features established landscape, a pond, and ample frontage on SR 503 and Loop Road. Examine the possibilities of buying this as a stand-alone Tract for your new Event Center.

Clubhouse / Banquet Facility, 80 ft. x 80 ft. built in 1994 with an 80 ft. x 60 ft. basement. Main floor has a Pro shop, offices, restrooms, kitchen and banquet hall w/seating for 250+.

Maintenance Building 80 ft. x 80 ft. built in 1990 with outdoor Pavilion built on top of it with picnic area, seating for 250, and (3) restrooms.

Cart & Storage Barn 40 ft. x 40 ft. older farm barn. Remodeled with concrete floor, open floor plan and wired for 60 carts and chargers.

Shop Building 60 ft. x 60 ft. with 25 ft. x 25 ft. shop office, 25 ft. x 32 ft. beverage garage w/restroom, built in 1994.

Paved Parking Lot with 160 spaces

Covered Cart Canopy Shelter, 40 ft. x 40 ft., built in 2008.

Tract 2: 132± ac featuring mature trees, rolling hills and a 5+/- acre lake with additional pond. This tract encompasses nearly all of the 18-hole Woods course. It is zoned A-1 Agriculture and could be converted back into crop production. Examine the possibility of making this an impressive home site or recreational area. Frontage on Grubbs Rex Rd. and OH SR 503.

Tract 3: 12± ac with rolling hills and scenic pond. This tract includes the concrete road known as Magnolia place and nice graveled parking area that is adequate for 70 cars. Consider this as an impressive potential building site.

Tract 4: 8± ac Potential building site with frontage along SR 503 and access via Magnolia Place.

Tract 5: 16± ac with rolling hills and scenic pond. This tract includes the concrete road known as Belle Terre Way. Consider combining with an adjoining tract or examine the possibilities of building a home here!

Tract 6: 22± ac with rolling hills and a small pond. Frontage on Grubbs Rex Rd.

Tract 7: 41± ac This is a beautiful piece of land featuring an 4+/- acre lake with rolling hills and open areas. Frontage on Littles Road. Examine all the possibilities this tract has to offer!

TRACT MAP(S)

Tract map - MAJOR LAND AUCTION - 251+/- ACRES IN 7 TRACTS - BEECHWOOD GOLF COURSE IN DARKE COUNTY, OHIO

SOIL INFORMATION

Soil map - MAJOR LAND AUCTION - 251+/- ACRES IN 7 TRACTS - BEECHWOOD GOLF COURSE IN DARKE COUNTY, OHIO

AREA MAP(S)

Area map - MAJOR LAND AUCTION - 251+/- ACRES IN 7 TRACTS - BEECHWOOD GOLF COURSE IN DARKE COUNTY, OHIO

PROCEDURES: The property will be offered in 7 individual tracts, any combination of tracts, or as a total 251+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.

DOWN PAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

EVIDENCE OF TITLE: The Seller will provide a Preliminary Attorneys Opinion of Title for the review of the prospective buyer(s). If Buyer(s) elect to have title insurance, the entire cost of the owners title insurance will be the responsibility of the Buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record. All tracts sold As-Is.

DEED: Seller(s) shall provide a Warranty Deed(s).

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before January 11th, 2019.

POSSESSION: Possession will be delivered at closing.

REAL ESTATE TAXES / ASSESSMENTS: Taxes will be prorated using the local short pro-ration method.

ZONING: Tracts 1- 2 are zoned A-1 Agriculture. Tracts 3-7 are zoned as a planned unit development. Contact auction company for more information.

ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.

SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. If a survey is needed, Buyer(s) and Seller will share survey expense 50:50.

EASEMENTS & LEASES: Sale of the property is subject to any and all easements of record.

MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.

AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.