★ ABSOLUTE AUCTION ★
To The Highest Bidder Above $1,000,000
"HOLLOW CREEK GOLF CLUB"
Frederick County, MD
CHAMPIONSHIP 18-HOLE GOLF COURSE
174.65± Acres ◆ Maintenance Facility ◆ Practice Area
SPECTACULAR CLUB HOUSE
16,140± Sq. Ft. ◆ Restaurant/Bar ◆ Banquet Hall
★ TURNKEY OPERATION ★
All Indoor and Outdoor Furniture, Fixtures, Equipment
Sale On Premises
50 GLENBROOK DRIVE
Off Middletown Parkway
Middletown, Maryland 21769
FRIDAY, MARCH 13, 2015
AT 12:00 NOON
Hollow Creek Golf Club was reportedly established and constructed in 2001, in the town of Middletown (a suburb of Frederick). The $12,000,000 golf facility is located in the Glenbrook community, 3.3 miles south of I-70, bordering Old National Pike (ALT US-40), Middletown Parkway, Holter Road and Glenbrook Drive. "Glenbrook" is a Planned Unit Development (PUD), golf and residential community, located at the southwestern end of the town of Middletown. Reportedly the community comprises a total of 344 attractive residences mostly constructed by NV Homes. Approximately 204 of these homes are detached Colonial style residences ranging from 3,200 to 4,000 square feet. The balance of the homes are three bedroom luxury townhomes. Nearby are various commercial centers with retail stores, eateries, professional and service centers, etc.
The town of Historic Frederick is situated 10 minutes to the northeast. Frederick has experienced a major renaissance over recent years and has become a premier tourist destination. The town features world renowned restaurants, quality shopping, vibrant night life and the flavor of yesteryear.
For more information on Middeltown, visit: Town of Middletown
Visit the Hollow Creek Golf Club Website: Hollow Creek G.C.
This spectacular property comprises two parcels known as Parcel 221 (174.40 acres) and Parcel 223 (0.26 acres), in Tax Map 65, Grid 11 for a total of 174.66 acres, more or less.
Beautiful state of the art two story stone and stucco building comprising 16,139 square feet, more or less (according to SDAT tax records). The building has a traditional interior with quality finishes, crown moldings in most areas, high ceilings, quality flooring and trim. The building features a rear covered stone deck off the upper level with dramatic golf course views. The lower level features a brick and stone patio with pergolas, fire pit and is able to accommodate approximately 150 patrons.
The interior is arranged as follows:
Upper Level -
Lower Level -
Mechanical and Additional Features -
Free standing wood sided structure with seam metal roof comprising 7,680 square feet of first floor area, more or less.
Ground Level -
Upper Level -
Stone and stucco detached structure off the rear of the clubhouse, adjacent to the driving range.
The existing license is a 7-Day Class "C" Beer, Wine and Liquor License (License #11-CL-1165-CC), permitting the sale of beer, wine and liquor for consumption anywhere on the premises (indoor and outdoor) Monday through Saturday from 6:00 a.m. to 2:00 a.m. daily and on Sunday 11:00 a.m. to 2:00 a.m. The existing liquor license is not transferable. Application for a new license must be made with the Liquor Board for Frederick County. The next application period begins May 1, 2015. Application must be made within 30 days. The Liquor Board has indicated a strong willingness to work with the new owner and is confident that the same type of license can be granted (as long as the applicant meets all the necessary criteria).
For questions about the liquor license and transfer procedures, contact the Frederick County Liquor Board, 12 East Church Street, Frederick, MD 21701- (301) 600-1156
Planned Unit Development - zoning district of the Town of Middletown. By agreement, the property must be used as a golf course or the property may be reverted back to the town of Middletown. Potential does exist for a portion of the property to be re-zoned along ALT US-40 for commercial development. However, only preliminary discussions have been made with Frederick County and the town of Middletown. The property is currently only zoned for it's current use.
For additional zoning information, please check with the Frederick County Office of Planning and Zoning and the Middletown Zoning and Planning Office (301-371-6171) for complete potential and permitted uses for the property.
In fee simple. The properties are being sold free and clear of all liens and encumbrances.
Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact SDAT concerning the appeals process and may see the following link for helpful information: SDAT Appeal.
Available for inspection by 10:00 a.m. on the day of the auction or by appointment only. Call 410-296-8440, or email email@example.com.
All real and personal property will be sold as an entirety only. The allocation of the purchase price of the real property and personal property will be made in a manner favorable and agreeable to the buyer and the seller after the completion of the sale.
A $100,000 deposit payable by certified check or cashier's check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 72 hours at the Auctioneer's office. Balance to be paid in cash within 60 days. If payment of the balance of the deposit and balance of the purchase price does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. All adjustments, including taxes, all other public charges and assessments payable on an annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of settlement and assumed thereafter by the purchaser. The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of sale forward. The purchaser waives and releases the Seller and the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the properties, including but not limited to the environmental condition thereof. If the Sellers are unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. Time is of the essence. It shall be the sole responsibility of the purchaser to obtain a new liquor license. Personal property is subject to 6% Maryland Retail Sales Tax. The purchaser acknowledges that the property must maintain continued use as a golf course facility or the property may revert back to the Town of Middletown. Time is of the essence. No buyer’s premium. The real property and the tangible personal property shall be sold free and clear of all liens.
All real and tangible personal property on the premises owned by Klein Golf Associates LLC at the property on the date of this Contract will be assigned to Buyer on the date of settlement. It is expressly understood that the golf carts, copy machine in the office and soda dispensing systems are not included as part of the tangible personal property. In addition, no food or liquor inventory is included.
Seller will continue to maintain the golf course, buildings, furniture, fixtures and equipment in a commercially reasonable manner. The fairways will be mowed three times per week, the greens will be cut every other day and the roughs will be mowed once per week. Seller will apply one application of chemicals to the greens prior to settlement.
Auction by order of: Klein Golf Associates LLC