THE AUCTION HAS BEEN CANCELLED -THIS PROPERTY IS NOW UNDER CONTRACT - Tremont Outdoor Resort, Townsend, TN

THE AUCTION HAS BEEN CANCELLED -THIS PROPERTY IS NOW UNDER CONTRACT - Tremont Outdoor Resort Campground is situated on over 55 acres and is located in Townsend, TN on the beautiful Little River – the closest campground in the Townsend area to the Great Smoky Mountain National Park with over $790,000 in revenue generated in 2016!

THE AUCTION HAS BEEN CANCELLED -THIS PROPERTY IS NOW UNDER CONTRACT - Tremont Outdoor Resort Campground is situated on over 55 acres and is located in Townsend, TN on the beautiful Little River – the closest campground in the Townsend area to the Great Smoky Mountain National Park with over $790,000 in revenue generated in 2016!

This family resort with rental cabins and campground is nestled among the Little River on the peaceful side of the Great Smoky Mountains in Townsend with refuge and retreat from the hustle and bustle of Gatlinburg and Pigeon Forge, yet less than 20 miles from both, making the entertainment, shopping and restaurants of these wonderful towns accessible from the quiet location of Tremont Outdoor Resort.

Tremont  Outdoor Resort is a year-round outdoor resort offers multiple amenity types for the outdoor loving guest, including tent sites, full hookup RV sites with balconies overlooking the river, camping cabins, or deluxe one-bedroom cabins with loft, fireplace, cable TV, kitchen, and host of other amenities! Throughout the resort, high speed internet is available to all guests. The resort features a full-service general store, outdoor pool, playground, laundry room, large pavilion, recreational hall, and 2 clean bathhouses. In addition, the resort has a 2-story duplex residence (one area could be used by the campground owner and the other rented or both areas could be rented) and a large maintenance garage.

Tremont Outdoor Resort features 29 riverfront sites with CATV & balconies overlooking the river (15 full hookup sites with 50-amp service and 14 full hookup sites with 30-amp service), 61 full hookup sites with CATV (19 with 50-amp service and 2 with 30-amp service), 23 sites with water & electric, and 8 tent sites.  In addition, there are 7 camping cabins (12’ x 12’ cabin features heating & air, CATV, refrigerator and microwave), 10 standard cabins (12’ x 25’ cabin features fully equipped kitchen, bedroom, bunk beds, bathroom with linens, and decks), and 9 premier log cabins (15’ x 28’ cabin features a wood-burning fireplace, a larger floorplan and more nicely appointed than the standard cabins, and includes a sleeping loft and a larger deck).

Located on the beautiful Little River with swimming and tubing and at the entrance to the 11 million guest (from 2016) Great Smoky Mountains National Park with countless hiking trails and incredible views. Tremont Outdoor Resort is located just 8 miles from the famous 11-mile Cades Cove Loop – with an abundance of wildlife including deer, bear, wild turkey and excellent photographic opportunities. Throughout Cades Cove are pioneer cabins, churches and cemeteries.

Broker Participation is offered for this sale – please contact our partner, Powell Auction & Realty, LLC at 865-938-3403 for more information.  This auction is pursuant to an Order by the US Bankruptcy Court, District of Maryland in the Jointly Administered Cases of Duck Neck Campground, L.L.C (15-15973-TJC) and WBR Investment Corporation (15-15982-TJC). 

Location

Summary of Auction Terms of Sale: The auction of Tremont Outdoor Resort will be held at 118 Stables Drive, Townsend, TN  37882 on Friday, October 20, 2017 at 12:00PM local time.  To register to bid, prior to the start of the auction, each bidder must provide to the auction company (a) a certified or cashier’s check, payable to themselves, for $250,000 or (b) a Bank Letter of Guaranty on bank letterhead and signed by an authorized bank employee guaranteeing a $250,000 company or personal check written by the bidder with funds available immediately after the auction.  In order to bid online during the auction, you must pre-register with the auction company by Wednesday, October 18, 2017 at 12:00PM local time. Prior to receiving approval to bid online, you must either deliver by Thursday, October 19, 2017 at 3:00pm local time the required $250,000 deposit in the form of a cashier’s check, certified check or wire transfer to the auction company or deliver an acceptable Bank Letter of Guaranty.  The Deposit becomes non-refundable upon ratification of the Specific Performance Real Estate Sales Contract by the Seller.  No online registrations will be accepted after Wednesday, October 18, 2017 at 12:00PM.  Contact kenny@powellauction.com to pre-register to bid online. 

 

A 10% Buyers Premium applies.  Closing must occur on or before December 8, 2017.   All other terms of sale are provided for in the Specific Performance Real Estate Sales Contract that is available in the online due diligence room sale and available upon request from kenny@powellauction.com or stephen@auctionmarkets.com.  If the Seller amends the Specific Performance Real Estate Sales Contract prior to the auction, the auction company will make the updated version available by email, by adding it to the due diligence room and by having printed copies available at the auction.  By bidding at the auction, you are agreeing to all of the pre-printed text in the final Specific Performance Real Estate Sales Contract as presented at the auction.   No changes to the pre-printed text will be allowed.  At the conclusion of the auction, the high bidder will be required to immediately sign the Specific Performance Real Estate Sales Contract and tender the required $250,000 deposit.  All sales are subject to seller approval. 

 

To obtain access to the online data room, you must sign and return the approved Confidentiality Agreement.  You may request a copy of the Confidentiality Agreement by emailing kenny@powellauction.com or stephanie@auctionmarkets.com.  Broker participation is welcome.  Contact kenny@powellauction.com for broker registration guidelines.  

 

Additional terms and conditions may be announced at the auction.