BEAUTIFUL 18-HOLE GOLF COURSE & COUNTRY CLUB – CATTAILS GOLF CLUB

Description

AUCTION SCHEDULED FOR THURSDAY, DECEMBER 4TH @ 1:00 P.M. EST

Gallivan is pleased to conduct the sale or auction of this challenging 18-hole golf course in Elwood, Indiana. The sale is a turnkey operation of the assets only. Included in the sale are all equipment, furniture and fixtures. Information on this property is also available on our website.

Cattails Golf Club is a fully-operating 18-hole golf course located in Elwood, Indiana (approximately 14 miles north of Anderson). This is a 6,641 yard, par 71 layout. The course was originally designed by William H. Diddel, ASGCA and opened in 1924. The newest nine holes were designed by Ronald L. Kern, ASGCA and added in 2004/2005.

The Cattails Golf Club property also includes a fully-equipped clubhouse facility with dining room, kitchen, bar, pro shop, offices and more. An in-ground swimming pool and bath house are located adjacent to the clubhouse.

Semi-annual property taxes are $3,489.64.

THE CATTAIL ESTATES SUBDIVISION, WHICH BORDERS THE GOLF COURSE, IS ALSO AVAILABLE FOR SALE.
CLICK HERE FOR INFORMATION ON THE CATTAIL ESTATES PROPERTY.

PROPERTY FEATURES

Golf Course:
- 131 total acres (62 on clubhouse side/39 on newer nine holes)
- 18-hole course
- 9-holes added in 2004/2005
- 6,641 yards of golf
- Par of 71
- Blue grass on tees and fairways; Bent grass on greens of original 9-holes
- Bent grass on tees, fairways and greens of newer 9-holes
- Recently added pump and irrigation system services the newer 9-hole portion of the course
- Course rating of 69.3 (white tees), 69.6 (red tees), and 72.5 (blue tees)
- Slope of 126 (white tees), 114 (red tees), and 132 (blue tees)
- Designed by William H. Diddel, ASGCA/Ronald L. Kern, ASGCA
- Opened in 1924
- Irrigation on original 9-holes is a Rainbird and Toro Osmac Hydraulic system
- Irrigation on newer 9-holes is a computer-run Rainbird Decoder mainline-based system with double-row irrigation and 300+/- heads
- Irrigation for newer 9-holes is served by a 2-year old pump station with vertical turbine pumps

Clubhouse:
- 9,500 +/- SF
- One large banquet room (can accommodate approximately 100-150 guests)
- One smaller dining room with bar area
- Bar with dining area overlooking golf course
- Tables and chairs in all dining rooms
- Hardwood floors in banquet room
- Men's and women's restrooms
- Private office
- Pro shop
- UL300 fire suppression system with extinguishers (inspected 10/1/08)
- PA system
- Three-way liquor license

Other Facilities:
- In-ground swimming pool
- Pool house
- Golf cart storage barn
- Driving range
- Parking lot

Download more information from the "Documents" box above.

Terms of Sale: Property sells "As Is." $25,000 in cash or cashier's check is required to bid on the day of sale, with balance to 10% due within (3) three days of seller approval. Closing within (30) thirty days, or by negotiated sale prior to auction. Asking price for negotiated sale is $1,200,000. BROKERS WELCOME!

For More Information:
Norman J. Gallivan II, CAI
Gallivan Auctioneers & Appraisers
317.227.3720
[email protected]

Terms

Terms of Sale: Property sells "As Is." $25,000 in cash or cashier's check is required to bid on the day of sale, with balance to 10% due within (3) three days of seller approval. Closing within (30) thirty days, or by negotiated sale prior to auction. Asking price for negotiated sale is $1,200,000. BROKERS WELCOME!