High Point Golf Course - 500K Minimum Bid

Auction Date: Friday, November 20, 2015 11:00 AM

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RESERVE AUCTION

High Point Golf Club

Nicholasville, Ky 40356

Jessamine County

SOLD - $401,500.00

CLICK HERE TO BID LIVE ONLINE

Unbelievable opportunity to own High Point Golf Course.  Located in Nicholasville Kentucky, High Point Golf Club opened in 1993.  It is a fantastic 18 hole course, designed by Danny McQueen and Albert England. The course is built in High Point Subdivision and surrounded by beautiful Kentucky farmland.  World famous Taylor Made Farm is just across the street offering views of beautiful thoroughbred horses playing in the fields.

The golf course is built in a subdivision of 44 upscale homes.  The golf course owns 5 acres of land that  contains the parking lot, a tobacco barn that serves as the pro shop and cart shed, a driving range, a putting green, and an equipment shed.  Each homeowner owns 5 acres of land.  One acre of each parcel is designated for the building of a private home.  The other four acres of each parcel is given to the golf course in a perpetual easement.  Therefore, the golf course is built on 156 acres of perpetual easement.  The homeowners have "no say" in the management of the golf course or any legal right to prohibit the building of any structures on the easement.  The use of the easement is entirely up to the golf course owner until there ceases to be a golf course on the property for ten years.  At time, control of the four acres/parcel returns to each homeowner.  This type of agreement protects the homeowners.  There is a homeowners' association, and the golf course is not required to be a member or abide by general homeowner rules.  However, the present owners have voluntarily paid homeowner association dues.

The maintenance of the border of the golf course, including the fences, is the responsibility of the homeowners' association. The same is true for all roads within the subdivision.

The 18 hole course has Bermuda fairways and bent greens.  An asphalt cart path goes completely around the course.   The parking lot is asphalt as well.  The watering system is automatic double sprinkler system on the back nine and a hand-set system on the front nine.  There is a 2-3 acres pond and two creeks that run through the property as water sources.

Sale Includes:

  1. 5 Acre lot with Pro shop
  2. Easement for land that golf course operates on.
  3. Equipment (tractors, mowers, fertilizers, etc...)   
  4. Assumption of lease on 40 golf carts 
  5. Assumption of lease to own JD 5055 tractor.

Copies of the Profit & Loss statements and Financials for the first 9 months of 2015 are available for review.  The confidentiality agreement is to the right under Important Documents.  Fill out form and email to halfhillauctions@rhr.com


    

Open House Information:

Public Preview will be held Friday, Nov. 13th from 11:00AM to 1:00PM and 1-hour prior to auction.

Directions:

From Lexington go outbound on Tates Creek Road/1974 S. Turn right on HWY 1981. Turn left on HWY 169 S. Turn right on High Point Drive. Once you enter the subdivision take your first right on High Point Drive and then the golf club will be on the left. (FYI High Point Drive makes a big loop)

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