Attn: Developers – Investors
Exciting Real Estate Auction
Formerly Known As “Fairway Pines Golf Course”
230+ Acres – Sold in Two Parcels
Painesville Twp – Lake County
Zoning Includes Commercial B-3 – Independent Senior Housing – Single Family Detached Homes and Flexible Planned Unit Development (FPUD)

Absolute auction, all sells to the highest bidder on location at the clubhouse:

1777 Blase Nemeth Rd, Painesville, Painesville Township, OH 44077

Wednesday, April 10, 2013  Auction Starts: 12:00 PM    -   Real Estate: 12:00 PM

Directions
I-90 east of Cleveland to Rt. 2 east to Rt. 535 (exit #225) Fairport Nursery Rd and north to Blase Nemeth Rd and right - OR - Bacon Rd. north of Rt. 20. Watch for KIKO signs
Sale #1 – Former Golf course – 221 acres total sold as a unit – mineral rights owned by seller to transfer – frontage on 3 roads plus all utilities available – golf course has been closed for several years. Improvements include 4800 Sq. ft. Commercial former clubhouse built 1989. FA gas – central air. 16 X 56 patio and 16 X 56 2nd floor open deck, cath. ceiling, slope roof, his and her restrooms. Open floor plan w/ office and counter bar area. Large parking lot. Frontage on Blase Nemeth Rd, Bacon Rd, and at end of cul-de-sac off Greenside Dr. - Maintenance building total size of 140 X 50 masonry block building with shingle roof, (2) large overhead doors, (3) smaller overhead doors, gravel parking, chain link fenced lot. Land lays real nice. Just off State Route, close proximity to Cleveland. Better check it out. Zoning information and map available on our website. Buildings open 2 hours before sale or by appointment.


Sale #2 – 9.462 Acres vacant land. Zoned B-3 Commercial. Nice frontage – located across street from course on east side of Bacon Rd. 1182’ frontage and 367’ in depth. Utilities available.

Terms and Conditions:
Real Estate Terms: 10% down auction day, balance due at closing. Buyers premium of 10% will be added to the highest bid to establish the selling price. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct.
AUCTIONEER/REALTOR: Russell T. (Rusty) Kiko, Jr., C.A.I., ext 115, 330-495-0923 and John W. Slagle, ext. 154, 330-418-4963


AUCTION BY ORDER OF: Drillex Inc and Ashbury Properties LLC

Contact Us About This Event:

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Auctioneer/Realtor: Russell T. Kiko Jr. C.A.I.
Email: rustykiko@kikocompany.com
Office: 330-455-9357 ext 115
Mobile: 330-495-0923
Fax: 330-453-1765
Auctioneer/Realtor: John W. Slagle
Email: johnslagle@kikocompany.com
Office: 330-455-9357 ext 154
Mobile: 330-418-4963
Fax: 330-453-1765

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