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EAST HADDAM, CT - 400+ ACRES, 285 APPROVED TO-BE BUILT UNITS & 18 HOLE CHAMPIONSHIP GOLF COURSE

Property Address:
10 Banner Rd., East Haddam, CT
Auction Reference No.:
19-1811
Date:
01/30/19 12:00PM

More Info:
400+ Acres, 285 Approved To-Be Built Units & 18-Hole Championship Golf Course
k/a "Banner Country Club Estates" & "Black Birch Golf Course"
JJManning Auctioneers in conjunction with Marcus & Millichap is pleased to exclusively offer the opportunity to acquire "Banner Country Club Estates" and "Black Birch Golf Club," a golf course community featuring 18 holes of championship golf and +/- 400 acres of land with resort zoning and 285 fully entitled and approved residential units yet to be built out of the original total of 333 approved. Each lot would accommodate two bedroom and two bathroom homes and mixed one & two car garages.  The current condominium offering plan allows for the expansion of up to 600 homes.  In addition, the community also boasts a 25,000 sq. ft. clubhouse consisting of a fitness club with men and women locker rooms and features 10,000 sq. ft. of Event/Banquet Facility space that can be built to suit to your specifications.  The Property currently features 48 fully occupied colonial style townhomes with community amenities, including an 18-hole championship golf course with driving range, golf pro shop, restaurant, fitness center, swimming pool, hot tub and tennis courts. The Property is strategically located in the town of East Haddam, Connecticut alongside the Connecticut River Valley, 20 minutes off of Interstate 95. This New England town has the versatility of being approximately 35 minutes from the capital city of Hartford and also a short distance from the shore line or casinos. 
 
 auction in conjunction with: 
 

Property Tour: TBA
 
Terms10% of high bid as a certified deposit of which $100,000 by cash, certified, or bank check due at the auction and remainder of 10% due by 4pm EST on Friday, February 1, 2019. Closing in 45 days from auction. 10% buyer's premium will be added to the final bid and that sum shall constitute the purchase price.  Complete terms & conditions in Property Information Package (PIP).  Other terms, if any, to be announced at the sale.  Announcements or changes made from the auction block or within the purchase agreement take precedence over any previously printed materials or oral statements made.

Pre-Auction Offers: Must be tendered on a signed JJManning approved P&S Agreement & accompanied by a 10% certified deposit in certified or bank check or by confirmed wire transfer. 
 
Buyer's Broker Terms: Up to 2% Broker Commission Offered. Mandatory 24-hour broker pre-registration.
 
Click links on right-hand side for additional information. Must use full version website in order to download brochure, Property Information Package (PIP), view broker registration terms & more.
 
CT REB.0790057

MORE INFORMATION COMING SOON

 

 
 
 

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