The public nine-hole golf course in Leominster, Mass., sits on 191 acres, 70 of which are developed, and includes a clubhouse with two banquet rooms, a restaurant, and maintenance facility. In Chester, Va., a forced auction has been set for September 9 to sell off River’s Bend Golf Club due to years of unpaid taxes.
The Grand View Country Club, a public nine-hole golf course in Leominster, Mass., that has been family owned for more than 50 years, is for sale, the Fitchburg (Mass.) Sentinel & Enterprise reported.
The course been listed for $7.5 million by Coldwell Banker Residential Brokerage in New England on behalf of owners Ken and Dennis Vachon. The 191-acre property includes a clubhouse featuring two banquet rooms, a restaurant and maintenance facility, as well as a nine-hole golf course, the Sentinel & Enterprise reported.
Mike Richardson, a sales associate who is marketing and selling the course, said the family is no longer interested in running the facility. The course was founded by Edmour Vachon, father of Ken and Dennis, who passed away several years ago, the Sentinel & Enterprise reported.
Ken Vachon, his son and his wife run the course on a daily basis. They plan to move to Costa Rica, said Richardson.
The course was originally 18 holes but several years ago the Vachon family put the first nine holes to the Massachusetts Audubon Society for preservation, said Richardson.
Only 70 acres of the property are developed, said Richardson, leaving plenty of opportunity for further development, the Sentinel & Enterprise reported.
In May, the course’s owners withdrew a request for a special permit to expand from the current nine holes to an 18-hole course, the Sentinel & Enterprise reported.
The course has two banquet rooms within the clubhouse that can accommodate parties of well over 200. The room includes hand-carved mahogany furniture, as well as a Brazilian cherry wood dance floor. The property also features a large hand-laid stone patio and gazebo and a 12,000-sq. ft. maintenance facility that can house equipment and the course’s 24 golf carts, the Sentinel & Enterprise reported.
In Chester, Va., a forced auction has been set for next month to sell off River’s Bend Golf Club due to years of unpaid taxes, the Richmond (Va.) BizSense reported.
Chesterfield County won court approval for the sale, which is to take place September 9. That’s unless the course’s owner, who hasn’t paid real estate taxes on the 177-acre property in three years, can come up with a last minute plan to keep the county at bay, BizSense reported.
Owner Ronnie Kelley has said for the last few months that he’s working to gather investors to prop up not only River’s Bend, but also his other course, Prince George Golf Club in Disputanta, Va. That property was put into Chapter 11 bankruptcy in February to stave off foreclosure, BizSense reported.
In an email this week, Kelley said that his plan is moving in a “good direction.”
Jim Elliott, who collects delinquent real estate taxes, said property owners have until 5 p.m. the day before an auction to redeem the property. That includes paying all unpaid taxes and court costs, BizSense reported.
The county’s tax lien takes precedent over any other liens on River’s Bend, including those of its lenders. The county filed suit in late May to gain court approval for the auction, BizSense reported.
Should it make it to auction, Elliott said properties are open to the highest bidder and the court has the final say on the winning bid. The River’s Bend property has been appraised at $3 million, he said. The county most recently assessed it at $1.81 million, BizSense reported.
“A million dollar bid may or may not buy it. That’s up for the court to decide,” Elliott said.
The lender on Prince George Golf Club meanwhile hasn’t given up its efforts to collect. First Community Bank earlier this month argued in federal court that it should have the ability to foreclose, despite the bankruptcy, BizSense reported.
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