OWNER RETIRING / DEBT FREE ASSET
AUCTION
White Lake Country Club, 3 Rental Houses on 3.91+/- Acres & 28 Residential Undeveloped Lots
Marquette County – Montello, Wisconsin
SELLING ONLINE ONLY
Click HERE for Video of Property
AUCTION BID DEADLINE: Friday, November 18th @ 11 AM CDT
Click HERE to Register & Bid Now
PROPERTY DESCRIPTION: The auction will consist of 3 separate offerings. The offerings are described as follows:
1. White Lake Country Club – The property consists of a fully equipped 18 hole golf course on approximately 146+/- acres. The 48 ft. x 30 ft. wood frame two story clubhouse has a large L shaped deck and basement for storage. The main level of the clubhouse has a 16 stool rectangular bar, kitchen, 2 bathrooms, pro shop area and dining area. Upstairs contains an office and apartment area with full bath. The maintenance area consists of a 60 ft. x 60 ft. building with 200 amp service, (4) 14 ft. roll up doors and exhaust fan. In addtion, there is a 40 ft. x 60 ft. building with 220 electric and enclosed service area. The pump house is a 24 ft. x 36 ft. building with three phase 460 electric, large wet well, irrigation controls, service and garage door. There is an 8 ft. x 6 ft. wood frame shed for storage and another same size shed for chemicals. For a complete list of all equipment and other related personal property that will be conveyed with the property, please click the “Documents” tab. All remaining golf carts will be conveyed with the sale of the property.
2. 3 Residential Rentals on 3.91+/- Acres – This offering will consists of three separate residential houses on a 3.91+/- acre tract. Please click the “Documents” tab for a survey. The houses consist of a 3 BR / 2 BTH w/ full basement, 1 BR / 1 BTH w/ 2 car garage & 2 BR / 1 BTH w/ 1 car garage. Rental rates can be found on WhiteLakeGolf.com.
3. 28 Residential Undeveloped Lots – This offering will consists of 28 residential undeveloped lots, please click “Documents” tab for list of lots by Marquette County Parcel Number and Recorded Covenants.
IMPORTANT AUCTIONEER NOTES: On October 16th, White Lake Country Club closed for the winter. The Club typically operates from April 1st – November 1st. Seller has agreed with Midstate Amusements to provide (5) video poker machines, (1) internet jukebox and (1) ATM. The Seller receives no compensation for the ATM but, splits income on a 60/40 split on video poker machines and jukebox. The Purchaser will be under no obligation to continue this relationship. There are 2 highway directional signs that promote White Lake Country Club and White Lake Beach Resort. The annual cost of the lease for White Lake Country Club is $300.00, plus 1/2 the cost of any necessary maintenance. WhiteLakeGolf.com will be conveyed with the sale of White Lake Country Club. An easement exists to allow White Lake Beach Resort to their septic tank on the property being sold. Please click “Documents” tab for copy of easement.
DUE DILIGENCE INFORMATION: To access recent course financial information, please contact Auctioneer for a confidentiality agreement.
INSPECTION: Wednesday, November 9th from 10am – 2pm or call Auctioneer to schedule an appointment.
TERMS: 10% initial earnest money deposit and closing to occur within 30 days of contract acceptance. Please click “Documents” tab for more information.
BUYER’S PREMIUM: A 10% buyer’s premium will be added to the high bid. Example: For a high bid of $1,000,000, a 10% buyer’s premium of $100,000 will be added making the purchase price $1,100,000.
AUCTION CONDUCTED BY: Bryce Hansen, Hansen & Young, Inc., 1264 5th Avenue, Prairie Farm, WI 54762, Phone: 715-837-1015, info@hansenandyoung.com. Wisconsin Lic #225-52
IN CONJUNCTION WITH: Hilda W. Allen Real Estate, Inc., 212 Old Quitman Annex Road, Adel, GA 31620, Phone: 888-324-5020 Fax: 229-896-1180. Bullseye Auction & Appraisal, LLC, 500 Pike Park Drive, Suite F, Lawrenceville, GA 30046, Phone: 770-544-7479 Fax: 888-544-7479.
