Description

****FORECLOSURE AUCTION **** SELLS MARCH 18, 2009 AT 10AM

Delaware County Sheriff's sales of real estate are held on the first floor lobby area of the Hayes Services Building (140 N. Sandusky St, Delaware, Ohio 43015)

INSPECTION PERIOD - WEDNESDAY, MARCH 11 FROM 1:30-3:30PM

The property is a 5.4 acre +/- site improved by a 104 room, 4 story, hotel with bar, restaurant and banquet facilities as well as indoor mini Olympic size pool. The property was originally built in 1972 and has sustained various upgrades over recent years. The offering includes all of the furnishings, fixtures and equipment to operate the facility. The property ceased operation in late 2008 and is in need of cosmetic updating and renovation. Former maintenance and management staff is available to assist with re-opening efforts.


Terms of Sale Appraised Value - $1,290,000 Minimum Bid - $864,000 Balance due within 30 days of the date that the confirmation is filed with the Clerk of Courts. Deposit is 10% of appraised value due at time of sale in the form of cash or certified check. Bidders must present Purchaser Information Form at Auction.

See www.gryphonusa.com for more details. Phase 1 information available after signing non-disclosure aggreement.

Features

Location