Chancery Court Auction
825 Murfreesboro Pike • Nashville, Tn 37217
Auction conducted @ 10 Lea Ave • Nashville, TN 37210
WEDNESDAY • JANUARY 27 • 1 PM
90,767+/- SF Hotel on 4.4+/- Acres.
5 miles from Nashville International airport, right off the I-24/I-40 split within minutes of downtown Nashville.
92 rooms in full operation, with another 56 rooms ready to be remodeled.
Property includes a 3,600± SF banquet hall, 4800± SF banquet hall,
Outdoor Pool, Fitness Center, Kitchens and More!
In Addition to the hotel, there are 4 retail storefront units 20' x 70' and all 4 currently leased, as well as a vacant 20'x60' retail unit.
The Best Western name is under membership and is a year to year contract. The buyer can pay transfer fees for a new membership per the seller.
Contact the Justin Ochs email@example.com, for the appropriate non-disclosure agreement. Once signed, the potential buyer can view all associated financial documents for the asset.
FOR MORE INFO CONTACT
Lee J. Amonett • Broker/Auctioneer • (931) 252-1907
Linda Reeder • Clerk & Master • (931) 526-6321
Jay Cash • Broker/Auctioneer • (615) 785-8982
Justin Ochs • Real Look, LLC • (615) 507-5984
Terms: Selling under the direction of the Putnam Co. Chancery Court Case #2019-26. Linda Reeder, Clerk & Master. All prospective onsite bidders will need to place a $25,000 Bid Deposit with James R. Cash Auctions in order to bid (Bank Wire or Cashier Check). Online bidders are required to place a $100,000 bid deposit. The Bid Deposit will be applied to the earnest money deposit of $500,000 for winning bidder(s). (Unsuccessful bidders will be refunded their bid deposit within 48 hours). $1,000,000 Proof of funds required with bidder registration. Proof of funds for the entire purchase price due within 24 hours after signing the purchase agreement. The purchase will NOT be contingent on financing or inspections. The balance shall be due in full within 45 days & upon court confirmation. Property to be conveyed by a Clerk's Deed. 2021 Taxes Prorated to the date of closing. Possession with deed. All Property selling “As Is, Where Is” both surface and subsurface with no warranties. Bidders should complete their own due diligence prior to the sale. The buyer and/or buyer's agent is responsible for verifying all pertinent information deemed relevant by the prospective buyer including but not limited to square footage, acreage, taxes, assessments, permitting, planning, condition, utilities, traffic counts, leases, hotel agreements, etc.
Property is being sold in cooperation with:
James R. Cash - Auctioneer & Real Estate Broker
Justin Ochs, 615.507.5984
VP of National Development REAL LOOK
REAL ESTATE AUCTION CONDUCTED ON SITE AT
10 Lea Avenue, Nashville, TN / 9th Floor Inside The Greatness Factory. Online Bidding Available For Approved Bidders ($25,000 Deposit Required)
Public Preview Dates:
January 16th, 2021 12:00 PM - 4:00 PM
January 21st, 2021 12:00 PM - 4:00 PM
Prospective Bidders can also request private showings by appointment.
Each Potential Bidder Is Responsible For Conducting His Or Her Own Independent Inspections, Investigations, Inquires, And Due Diligence Concerning The Property. Lines On Aerial Plats Show Only The Relative Locations Of The Tracts Subject To Sale And May Not Be Relied On As An Exact Location Or Boundary. Although All Information In All Advertisements Is Obtained From Sources Deemed Reliable, The Auctioneer, Real Estate Broker And Sellers Make No Warranty Or Guarantee Actual Or Implied As To The Accuracy Of The Information. It Is For This Reason That The Prospective Buyers Should Avail Themselves The Opportunity To Make Inspection Prior To The Auction. All Announcements Day Of Sale Take Precedence Over All Advertisements.