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ABSOLUTE REAL ESTATE AUCTION

COMMISSION SALE – BRANDON KNOTH, COMMISSIONER

Case # 18-C1-00130

Pursuant to terms of Judgement in the Lyon Circuit Court, the Commissioner will sell real estate Thursday, March 7, 2019 @ 10:00 AM, at public auction to the highest bidder. Auctioneer, Michael Dale Harris, will be employed to sell and procure a purchaser for the following described real estate at auction at the site of the property described in the following actions:

Thursday, March 7, 2019 @ 10:00 AM

OPEN HOUSES: THURSDAY, FEB. 21ST FROM 3:00 PM-5:00PM

SAT. MARCH 2ND FROM 10:00AM-12:00PM

Property Address: Holiday Hills Number 1 Road, Eddyville, KY  42038

HOLIDAY HILLS RESORT

FULLY OPERATIONAL BUSINESS!!

POTENTIAL ANNUAL INCOME OF $1,256,651.50 BASED ON A 213 DAY RECREATIONAL SEASON!

3,076 FEET OF BEAUTIFUL LAKE BARKLEY WATER FRONTAGE!!

82.46 ACRES IN 6 TRACTS & COMBINATIONS

REAL ESTATE TRACTS: Tract 1: 45 Campsites, 30’X40’ Mechanics Shop, 60’X100’ Dry Storage Building, and Pole Barn on 25.82 Acres. Tract 2: 4 Bedroom Holiday House and 7 Campsites on 3.83 Acres. Tract 3: Office With A Retail Area, Game Room, And Bath Houses, Cabin In The Woods, 2 Efficiency Units, 45 Campsites, Pool, Main Dock With 38 Boat Slips and 10 Jet Ski Lifts all on 25.10 Acres. Tract 4: 27 Campsites on 18.63 Acres. Tract 5: 6 Townhouses, Pavilion, Laundry Area, 14 Slip Boat Dock, and Playground on 5.02 Acres. Tract 6: 5 Log Cabins, Lakeside Place 1 & 2, 2 Campsites, 12 Slip Boat Dock, and Laundry Area on 4.06 Acres.

RESORT ACCOMMODATIONS:

126 CAMPSITES – PERMANENT – SEASONAL – TRANSIT: 81 Permanent Sites, 35 Seasonal Sites, and 10 Transit Sites With the Potential Revenue Income of $480,965.00.

4 BEDROOM HOLIDAY HOUSE: 1,100 Sq. Ft. One Level In The Center Of Resort. Large Deck, View of the Pool and Lake. Home Features 4 Bedrooms, 2 Bath, Living Room, And Kitchen. This Unit Is Equipped With Central Heat & Air. Current Rent Is $1,520.00/Week In Prime Season And $1,260.00/Week In The Off Season. Nightly Rentals are $195.000 in Off Season, $235.00 in Prime Season, and $258.00 on Holidays. The Holiday House Has A Potential Annual Income Of $45,873.50.

SIX 3 BEDROOM TOWNHOUSES: Six 1,000 Sq. Ft. Two Level Near The Beach, Shelter, & Playground. The Townhouses Feature 3 Bedroom, 2 Bath, Living Room, Kitchen, And A Deck. The Units Have Their Own Sewer Treatment Plant. Current Rent is $1,470.00/Week In Prime Season And $1,155.00/Week In The Off Season. Nightly Rentals are $180.00 in Off Season, $220.00 in Prime Season, and $242.00 on Holidays. The 6 Townhouses Have A Potential Annual Income Of $255,972.00.

FIVE 2 BEDROOM LOG CABINS: Five 600 Sq. Ft. Log Cabins On The Lake With A Spectacular View. The Cabins Feature 2 Bedrooms, 1 Bath, Loft, Living Room, And Kitchen. They Are Equipped With Central Heat & Air. Current Rent is $1,200.00/Week In The Prime Season And $1,055.00/Week In The Off Season. Nightly Rentals are $165.00 in Off Season, $180.00 During Prime Season, and $198.00 on Holidays. The 5 Log Cabins Have A Potential Annual Income Of $184.365.00.

1 BEDROOM “CABIN IN THE WOODS”: 480 Sq. Ft. Cabin Surrounded By Hills & Trees Feature 1 Bedroom, 1 Bath, Living Room, Kitchen, & Deck. Current Rent Is $840.00/Week In The Prime Season And $655.00/Week In The Off Season. Nightly Rentals Are $105.00 for Off Season, $130.00 for Prime Season, and $143.00 on Holidays. The Cabin Has A Potential Annual Income Of $25,058.00.

DUPLEX EFFICIENCY UNIT: 300 Sq. Ft. Efficiency Duplex Unit Is Only Steps From The Dock & Near The Pool And Feature 2 Double Beds, Bath With Shower, And Kitchen. Exterior Features Include A Front And Back Deck. Current Rent Is $735.00/Week In The Prime Season And $580.00/Week In The Off Season. Nightly Rentals Are $95.00 in Off Season, $120.00 for Prime Season, and $132.00 on Holidays. The Duplex Studio Unit Has A Potential Annual Income Of $45,834.00.

LAKESIDE PLACE I & II: Lakeside Place Is Steps From The Lake And Dock And Has A 1,000 Sq. Ft. Covered Deck. Lakeside Place I Features 1 Bedroom And 2 Bunk Beds. Lakeside Place II Features 2 Bedrooms. Both Units Have A Fully Stocked Kitchen Area, Dining, & AC/Heat. Current Rent Is $1,155.00/Week In The Prime Season And $840.00/Week In The Off Season. Nightly Rentals Are $135.00 in Off Season, $170.00 in Prime Season, and $187.00 on Holidays. Lakeside Place 1 & 2 Has A Potential Annual Income Of $65,024.00.

RENTAL INCOME FROM DOCKS: Main Dock With 38 Slips and 10 Jet Ski Lifts Has A Potential Income Of $90,520.00. Townhouse Dock With 14 Slips Has A Potential Income Of $31,680.00. Cabin Dock With 12 Slips Has A Potential Income Of $31,682.00.

TRACTOR – TRUCKS – BOATS – EQUIPMENT

Tractor/Equipment: 1991 CASE 580 Super K Backhoe W/ 4925 Hours, 2002 Kubota L3710 Tractor W/ 1019 Hours, 1991 JLG 40 Ft. Duel Fuel Man Lift W/ 1877 Hours, 3 Pt. Homemade Forklift, 5.5 Honey Wagon, 8 HP Honda Generator, Vantage 5000 Coleman Generator, 11 HP 5250 Watt TQ Generator On Trailer, Leaf Vacuum On Trailer, Electric Sprayer.

Trucks: 1994 Ford Ranger XLT VIN #: 1FTCR10A8RUA2311425994, 1997 Chevrolet 1500 Pickup Truck VIN #: 1GCEC14W2VZ157792.

Boats: Solid Craft Pontoon Double Deck W/ 50 HP Suzuki Motor, Solid Craft Pontoon Single Deck W/ 60 HP Suzuki Motor On Trailer, 4-15 Ft. Aluminum Utility John Boats.

Golf Carts: 2-Yamaha Gas Burner Golf Carts.

Fuel Tanks: 500 Gallon Double Wall Diesel Fuel Tank W/ Electric Pump, 500 Gallon Skid Fuel Tank W/ Electric Pump, 50 Gallon Truck Fuel Tank W/ Pump, 15 Gallon Fuel Tank.

Mowers: Exmark Lazer Z Zero Turn Mower W/ 1551 Hours, Bolens Push Mower, 2 Stihl Weed Eaters.

Tools: Troy Bilt 2550 Pressure Washer, Black Max 1700 Pressure Washer, Stihl Backpack Blower, Century 200 AMP Battery Charger, Paint Stripper, Welding Table, Car Ramps, 2 Ton Floor Jack, Jack Stands, Bolt Bins, Bolt Organizers, Large Selection of Hand Tools Including Sockets, Wrenches, Grease Guns, Furniture Clamps, Various Garden Tools.

Misc.:  50 +/- Picnic Tables, Life Jackets, Several TVs, Wheel Barrow, Fire Rings, Ultra Bot Pool Cleaner, Hayward DE Pool Filter, 5 HP Pool Pump.

THIS WATERFRONT PROPERTY SELLS ABSOLUTE TO THE HIGHEST BIDDER AT 10:00 AM!

AUCTION HELD ON SITE!

REAL ESTATE TERMS: A 10% Buyer’s Premium will be added to the final bid and included in the contract price.  The following terms are in effect unless otherwise mentioned above: Properties are to be sold for cash or on credit of 30 days, with 15% down day of sale and purchaser being required to execute bond with approved surety per KRS 426.205. Credit sales will accrue interest at 4.25%, the rate per annum as designated by the Order of Sale. The property is located in Lyon County, and plat and deed books referred to herein are located in the Lyon County Clerk’s Office. Properties are to be sold free and clear of all liens, encumbrances, and interest of all parties except as specifically noted. Purchaser shall be required to pay all taxes that become due against the property in 2019 and all subsequent years. Some sales may be cancelled, and any announcements made at the sale take precedence over printed matter contained herein.

PERSONAL PROPERTY TERMS: Full Settlement Day of Sale, Cash or Check Day of Sale with Proper Identification. 10% Buyer’s Premium Will Be Added to the Final Bid.