• Top-Rated 18-Hole Golf Course & Clubhouse • Prime Homesites • Lake and Near Lake Lots • Over 14,000 Feet of Water Front Property • Development Land • Lakefront Home • Wooded Recreational Tracts • 10+/- Mi. East of Three Rivers • 10+/- Mi. Northwest of Sturgis • 30+/- Mi. South of Kalamazoo • 18 Lots Selling at Absolute Auction Regardless of Price! • 2 Hours from Chicago or Detroit! • Many lots selling at reserve prices less than 25% of previous pricing. • Now is the time to buy!
Golf Course & Lake Templene Land Auction - 240 Acres Offered in 63 Tracts
Centerville, MI
Owner: Tom & Lori Templin, Island Hills Development, LLC, Island Hills Club LLC, Island Hills Properties, Inc, Kenneth & Marcia Schmidt, Floyd & Maria Templin, Jonathan & Daniel Templin Sat, Jan 9, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Thurs., December 17, 2-5:30 PM
& Mon., January 4, 2-5:30 PM
Meet a Schrader Auction Representative at the Club House
on Tract 7 for additional information concerning the property and the Schrader Auction Method.
PROPERTY LOCATION
Near Centreville, Michigan - from the intersection of Shimmel Rd. and M-86, on the east edge of Centreville, travel south on Shimmel Rd. 1 1/4 miles to the entrance, or travel east on M-86 1 mile to Findley Rd. Turn south on Findley and travel 1 mile to Raintree Blvd. Follow signs to the property.
AUCTION LOCATION
Centreville Public School, 190 Hogan Street, 4 blocks south of M-86 on Nottawa Street or Dean Street.
PROPERTY DESCRIPTION
Lake Templene is a private lake and is managed by the Lake Templene Lake Association, a homeowners group whose missions is to maintain the lake, community quality and continually improve the lake. Access to the lake is restricted to association members.
Platted lots ready for your home in the wonderful atmosphere of the Lake Templene community!
Tracts ideal for further subdivision = incredible opportunity for Developers & Investors!
Group and buy the Golf Club property as is or divide the course into future development or pristine estate properties!
Island Hills Golf Club Information: Island Hills Golf Club is laid out over 220 acres of rolling, wooded terrain including holes fronting and integrating the beautiful water of Lake Templene. This 18-hole course, rated one of the top 25 courses in Michigan, offers a Ray Hearn design, great green complexes and use of bunkers. Great finishing holes feature challenging play out on the links.
Lake Templene Information: Lake Templene is a man-made 1000± acre recreational lake just 2 hours from Chicago and Detroit. Appealing to boaters, skiers and fisherman, this area is enchanted with beautiful views, privacy, calm waters and abundant fish.
Golf Course Options
OPTION 1: Tracts 1-7 & 10 (Holes 1 - 16 & 18). Buyer would purchase golf course without Hole 17 - Tracts 8 & 9 (which has 1± acre with over 2000± ft. of water front) and buyer would construct a new hole within the boundary of land purchased. Sale includes clubhouse and maintenance building and owned equipment (list available at www.schraderauction.com. Buyer is to assume the equipment leases, cart lease and memberships (lists available at website). The liquor license is available to Buyer for an additional $20,000, subject to MLCC Approval. The sale of the real estate will not be conditioned on transfer of the liquor license.
SUGGESTED MINIUMUM BID: $690,000
OPTION 2: Tracts 1-10 (Holes 1 through 18). Sale includes clubhouse and maintenance building and owned equipment (list available at www.schraderauction.com). Buyer is to assume the equipment leases, cart lease and memberships (lists available at website). The liquor license is available to Buyer for an additional $20,000, subject to MLCC Approval. The sale of the real estate will not be conditioned on transfer of the liquor license.
SUGGESTED MINIUMUM BID: $1,090,000
OPTION 3: The golf course in 10 individual Tracts and any combination of Tracts. Land for estate property, building sites, water front development, recreation, and cropland; maintenance building; clubhouse with potential for alternative uses such as restaurant, banquet/catering, school, daycare, etc. (The liquor license would be available to Buyer of Tract 7, the clubhouse, for an additional $20,000, subject to the MLCC Approval). The sale of Tract 7 will not be conditioned on transfer of the liquor license. The Option 3 golf course offering is dependent upon the results of bidding on Options 1 and 2. If golf course sells as Option 1, Tracts 8 & 9 will be offered following the sale of the golf course.
TRACT DESCRIPTIONS
Tract 1: 51± ac Part of Hole 4 and Holes 5, 6, 7
Tract 2: 41± ac Part of Holes 2 & 4 and Holes 3, 8, 9
Tract 3: 51± ac Including Holes 1, 10, 11, driving range and 2 tees
Tract 4: 37± ac Including Holes 12, 13, 14
Tract 5: 3± ac Including Hole 15 tee area
Tract 6: 3± ac Including Hole 15 fairway
Tract 7: 13± ac Including Hole 18, Clubhouse and Pump House
Tract 8: 1± ac Including Hole 17 green, 2000' of water front
Tract 9: 0.2± ac Including Hole 17 tee, elevated view of lake
Tract 10: 0.5± ac Including maintanence building
Tract 11: Selling Absolute
Tract 12: Selling Absolute
Tract 13: Selling Absolute
Tract 14: Selling Absolute
Tract 15: Lake front, partial woods
Tract 16: Lake front, partial woods
Tract 17: Lake view, course view, vista view
Tract 18: Lake front, woods, great shore and views
Tract 19: Lake front, one of the best, vista view and sandy shore line
Tract 20: Lake front, woods, great view
Tract 21: Lake front, beautiful lakefront 3 bedroom home, 3000 sq. ft. with finished walkout basement, small point lot, great shoreline and views
Tract 22: Lake front, woods
Tract 23: Selling Absolute
Tract 24: $5,000 reserve
Tract 25: Course view, partial woods
Tract 26: Lake view, course view, woods
Tract 27: Lake view, course view, woods
Tract 28: Lake view, course view, woods
Tract 29: Lake front, woods
Tract 30: Lake front, woods
Tract 31: Lake front
Tract 32: Lake front
Tract 33: Lafe front
Tract 34: Lake front
Tract 35: Lake front
Tract 36: Lake front, beautiful panoramic lake views, sandy shore line, point lot. One of the best!
Tract 37: Lake front, high views of the lake, sandy shores
Tract 38: Lake front, high views of the lake, sandy shores
Tract 39: Lake front, course, one of a kind point lot, includes small island, great shoreline
Tract 40: Lake front, course, one of the best with an elevated view of the lake
Tract 41: Course, $10,000 reserve
Tract 42: Course, selling absolute
Tract 43: Lake front, on channel
Tract 44: Lake front, on bay
Tract 45: Lake front
Tract 46: Lake front, woods, approx. 3800 ft. of lake front. Wonderful wooded tract. Great potential for future development.
Tract 47: Partial woods, selling absolute
Tract 48: Course, $20,000 reserve
Tract 49: Partial woods, $10,000 reserve
Tract 50: Course, woods, $12,000 reserve
Tract 51: Course, wods, $12,000 reserve
Tract 52: Course, woods, $12,000 reserve
Tract 53: Selling Absolute
Tract 54: Selling Absolute
Tract 55: Selling Absolute, 2 Lots
Tract 56: Selling Absolute
Tract 57: Selling Absolute
Tract 58: Course, selling absolute
Tract 59: Course, selling absolute
Tract 60: Course, selling absolute
Tract 61: Course, selling absolute
Tract 62: Selling Absolute
Tract 63: Course, selling absolute
AREA MAP
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: Golf Course under Options 1, 2 and 3 (Tracts 1 through 10) will be offered immediately during 1st hour of auction followed by the tracts in numerical order with bidding closing on tracts and sections as determined by auctioneer. All property advertised as ABSOLUTE will sell regardless of price; all property advertised with RESERVE PRICE will sell at any price at or above stated reserve prices; bids on all other properties will be subject to the acceptance or rejection by the Seller. All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction.
DOWN PAYMENT: 10% of the accepted bid price as down payment on the day of auction with the balance in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
BUYER’S PREMIUM: A 10% Buyer’s Premium will be added to the final bid price and included in the total contract purchase price.
DEED: Seller shall provide Warranty Deed(s).
EVIDENCE OF TITLE: The Seller and Buyer(s) will split 50:50 the expense of an Owner’s Policy of Title Insurance in the amount of the purchase price.
CLOSING: The closing shall take place 45 days after the auction day, or as soon thereafter as applicable closing documents are completed by Seller. All closing costs shall be split 50:50 between Buyer(s) and Seller.
POSSESSION: Possession is at closing.
REAL ESTATE TAXES: Seller pays 2009 real estate taxes and transfer tax. The Buyer will be responsible for 2010 real estate taxes and thereafter.
ACREAGE AND TRACTS: Some acreages are approximate and have been estimated based on current legal descriptions and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.
SURVEY: The Buyer(s) and Sellers shall split 50:50 the expense for any survey for any tract where there is no existing legal description. Most tracts in this auction will not require any survey work. Any need for a new survey shall be determined solely by the Seller. All tracts of greater than 10 acres shall be adjusted at closing based on surveyed acres compared to estimated acres day of sale.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates has been scheduled to help in your investigation of the property and will be staffed with auction personnel.
AGENCY: Schrader Real Estate & 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 an “AS IS, WHERE IS†basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. 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 Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person’s 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.
STOCK PHOTOGRAPHY: Some pictures are for illustrative purposes only.
NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections or additions to the property information.
OWNERS: Tom & Lori Templin, Island Hills Development, LLC, Island Hills Club LLC, Island Hills Properties, Inc, Kenneth & Marcia Schmidt, Floyd & Maria Templin, Jonathan & Daniel Templin
None at this time
