Auctions

Published Reserve Price: $2,900,000
Bidding to Commence at: $2,300,000

SELLER FINANCING AVAILABLE with 35% Down, 6.5% Interest with a Balloon payment in 36 months.

A spectacular former Sheraton Four Points Hotel, this fine Hotel Property was built circa 1979 with many substantial recent capital improvements, now to be sold due to out-of-state ownership. The Property is situated on 4 acres of land and includes an additional 1 acre parcel immediately adjacent to the hotel, for a total of 5 acres. The former Sheraton, boasts 196 Well Appointed Hotel Rooms (46-Kings, 102-Doubles, 2-Deluxe Jacuzzi Suites, 46-Rooms Out of Service (no furniture), Indoor Swimming Pool with Sauna (6,000 sq. ft.), Fitness Center (380 sq. ft.), 6,000 sq. ft. Ballroom/ Conference Center, 4-Story 17,000 sq. ft. Atrium, Brand New Restaurant & Bar (over $45,000 in improvements here alone), Game Room, Updated Lobby with Flat Screen TV and Leather Couch & Chairs.

ABSOLUTE AUCTION/AUG. 24
2 South Carolina Motels on I-95 Corridor at Exits 53 & 193
LENDER DIRECTS SALE / Offered Individually & Regardless of Price

Parcel #1: 117-Room Former Kings Inn, 818 Radford Blvd., Dillon, SC 29536 at Exit 193 on I-95, 65 miles W. of Myrtle Beach, SC, Built 1975 / Open until Dec. 2009. 2 Buildings /2-Stories  each totaling 43,808 SF on 3.37 Acres / Rooms from 405 SF to 450 SF. Pool & Restaurant Space

ON-SITE INSPECTIONS: Tues., Aug. 10 / Tues., Aug. 17 / Mon., Aug. 23: 10:00 AM to 12:00 PM

Suggested Opening Bid: $95,000

Parcel #2: 100-Room Budgetel Inn, 1145
Sniders Hwy. Walterboro, SC 29488 at Exit 53 on
I-95, 50 miles West of Charleston, SC & 65 miles North
of Savannah, GA. 2 Buildings / 2 Stories each. 94 Doubles
& 6 King Rooms. Built 1985, totaling 36,528 SF
on 2.275 Acres/Operated by Appointed Receiver.

ON-SITE INSPECTIONS: Tues., Aug. 10 / Tues., Aug. 17 / Mon., Aug. 23: 3:00 to 5:00 PM

Suggested Opening Bid: $125,000

AUCTION: Tuesday, August 24th at 11:00 AM
Held at Holiday Inn & Suites, 110 McSwain Dr., West Columbia, SC 29169 Budgetel Inn, Walterboro, South Carolina

For Brochure, Bidder Packet & Terms of Sale Call: 704-831-8983
Jason Dolph SC RE Broker #47696 / SC Auctioneer #4046
CHARTWELL AUCTIONS

LaSalle Residential Holdings Corp., the original condominium
converter, has decided to sell his remaining units in an excellent
Resort-style Condominium project before years-end. This is your
opportunity to take over the Developer Rights and Homeowners
Association to the Condominium Complex at a discounted auction
price. You will be able to buy at your price!

Current Rental Levels and Projected Rentals are calculated as follows based on Occupancy Levels shown:
Projected Gross Income at 100% Occupancy: $1,688,147
Current Gross Income at 62% Occupancy: $1,076,747

Published Reserve Price: $7,535,000

Bidding will commence at: $5,125,000

Mohican River Inn, Loudonville, Ohio / Overlooking Mohican River, Between Cleveland & Columbus, Near Ohio’s Amish Country 50-Room Inn & Event Center on 45± Acres Sold by Lakeview Holdings Ltd.

PROPERTY DESCRIPTION: 50 Rooms & Event Center. 42
spacious Double‐Doubles, 6 Kings (2 Jacuzzi Suites), Owners
Townhome, Additional Apartment & Front Office. Hotel Rooms
include private balconies and full Baths.
Approx. 4,000 Sq. Ft. Event Center/Restaurant & Commercial
Kitchen with Liquor License for groups of 10‐150 people on 45±
Acres including hotel parking. Amenities include: Pavilion, The
Meadow, Fern Landing & the Stargazer Playground.

SOLD AT DIRECTION OF S&T BANK
220,000 Sq. FT. Leased Distribution /Warehouse

INTERSTATE COMMERCE PARK: Prime Office, Distribution, & Warehouse at Exit 37, Bus. I-85 & I-40; Elm-Eugene St. & Meadowview Rd., in Greensboro, NC Development Zone. New long-term leases in place.

Current Net Annual Income over $450,000 at 64% Occupancy.
Projected Net Inc. at 100% Occ. over $775,000.

5 Updated Buildings from 16,000 to 66,100 SF. Ceiling Heights from 16'-24'. Wet Sprinkler System.

PETROLEUM BUILDING: 10-Story, 120,000 SF Hotel & Office Tower built 1960’s on 45,000 SF Site at 726 Scott Ave., Wichita Falls, Texas 76301.

CRESCENT PLAZA HOTEL: 110-Room Hotel fully  operational hotel on floors 1 thru 5 with 74 Kings, 28 Doubles,  4 Suites; 3,800 SF Restaurant & Bar; & Banquet Space.  Refurbished in 2007 at cost in excess of $750,000 & reopened.  Conference & Event Center; Outdoor Swimming Pool;  & 93-Car Parking.

PROPERTY IS UNDER CONTRACT WITH A CLOSING TO OCCUR THE BEGINNING OF JUNE 2010.

15385 Royalton Rd., (Rte. 82) at Interstate 71 Exit 231, Strongsville, OH 44126, Tel: 440-238-0170. Zoned MS; Motor Service, on 2.25± Acres. An Operating Hotel controlled by Court-Appointed Receiver since May 2009. Located just South of Cleveland Hopkins International Airport, next to Hoover Ice Arena Complex, with IX Convention Center and Southpark Mall nearby.

PROPERTY DESCRIPTION. A Two-story exterior entrance Hotel
built as a Red Roof Inn in 1979 with 108 Rooms. Portions of
the Hotel were recently converted to Office, Administration, Breakfast Area, Fitness Center, and Two Owner-Manager Apartments. Room Configuration is 38 Kings; and 55 Double-Doubles. Roof improvements just completed. Two buildings of 16,128± Sq. Ft. (32,256± SF total). Furniture, Fixtures and Equipment are not subject to any lease agreements and will transfer in the sale. Please see the Purchase and Sale Agreement in the Bidders Package for details. 2008 Real Estate Taxes: $60,863

Properties Located at the Intersection of Massanutten St (Rt. 55) & King St (US11) off I-81, Exit 298 – Downtown Strasburg, VA 22657

#1: VA’s Largest Antique Emporium, 44,500 SF Retail + 8120 SF Warehouse / Scheduled Income $90,000/ yr. Reserve: $865,000

ALL OTHER PROPERTIES WERE PUT UNDER CONTRACT AT THE AUCTION WITH A CLOSING TO OCCUR BY EARLY SEPTEMBER.

SELLER FINANCING AS LOW AS 6.5% with 35% DOWN PAYMENT

To view a Google Map with 360 degree Street-View of Center-city Strasburg please click here.

For Brochure with Terms of Sale Contact Gordon Greene at 216-839-2005 / ggreene@chartwellgroup.com

Auction Location, Marriott West Loop, Houston

29 Single Family Home Lots (to be sold individually)
5.16 Acre Residential Reserve Development Site, 8 story Max
0.91 Acre Retail Development Site
29 Home Lots to Be Sold

SUBJECT TO PUBLISHED RESERVE PRICES OF
$50,000 to $95,000 each

Picadilly Business Park,  Pflugerville (Austin), Texas
2200 Block of Picadilly Dr. (Formerly Royston Lane) and Joe Barbee Dr.
Owner directs sale of 41 shovel-ready business lots ranging in size from 13,634 SF – 34,500 SF (+/-)

THE BEST BUSINESS PARK IN AUSTIN AREA!

PROPERTIES WERE PUT UNDER NON-CONTINGENT PURCHASE AND SALE AGREEMENTS WITH CLOSINGS TO OCCUR ON OR ABOUT JULY 30th