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LAKE CHICOT ABSOLUTE WATERFRONT RESORT AUCTION ~ LAKE VILLAGE, AR

Date

Tuesday, Mar. 12, 2019 at 10:00 AM CST

Auction Location

4589 Highway 82 East, Lake Village, Arkansas 71653

Real Estate Description

South Shore Resort Features (8) Lakefront Cottage Rentals, Blu's Eat House Restaurant, Country Store, 
Bait Shop & Gas Station Located on 2.61+/- AC w/Over 1,000 Ft. of Frontage on Lake Chicot at the Mouth 
of Ditch Bayou, just West of the Mississippi River & Only 15 Minutes Southwest of Greeneville, MS ~ 
SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY!

REAL ESTATE DESCRIPTION:  The Incredible South Shore Resort Features (8) Lakefront Cottage Rentals, Blu's Eat House Restaurant, Country Store, Bait Shop & Gas Station Located on 2.61+/- Acres w/Over 1,000 Ft. of Frontage on Lake Chicot at the Mouth of Ditch Bayou, just 4 Miles West of the Mississippi River & Only 15 Minutes Southwest of Greeneville, MS ~ Lake Chicot is the Largest Oxbow Lake in North America w/Some of the Best Crappie & Bass Fishing in the Country ~ This Successful, Income Producing Property is SELLING REGARDLESS OF PRICE TO THE HIGHEST BIDDER ON AUCTION DAY! ~ The Resort Consists of a 6,000+/- SF Building (Formerly Tracker Boats), which Currently Contains Blu's Eat House Full Service Restaurant/Deli Serving Breakfast, Lunch & Dinner, Offering Indoor & Outdoor Seating & Takeout ~ Country Store Selling Snacks, Drinks, Souvenirs, Everyday Necessities & Convenience Items ~ Neat & Clean, 2BR/ 1BA Move-in Ready Living Quarters ~ Bait Shop w/Fishing Gear, Licenses, Live Bait & Tackle ~ Gas Station w/ (6) Vehicle Pumps & (1) Boat Pump All Serviced from a 16,000-Gallon Above Ground Fuel Tank, Under Contract w/Scott Petroleum ~ The Remaining Park-like Property behind the Main Building Contains (5) Completely Renovated & Remodeled 2 & 3 Bedroom, Category 3 Hurricane Rated, 14x80 Ft. 'Katrina' Trailers & (3) Custom-built, 400+/- SF 1 Bedroom Cabins, All w/Metal Roofs, Fully Furnished & Currently being Rented Nightly & Weekly ~ (3) Individual 4-Boat Floating Docks & a 6x50 Ft. Custom Tie-up Dock w/Fuel Pump & Jet Ski Dock along the Rip-rapped & Seawall Shoreline ~ (2) Private Boat Launch Ramps ~ Laundromat Cabin ~ Covered Picnic Pavilion & Grilling Area ~ Fish Cleaning Station ~ Storage Building ~ High Tech, ADEQ Compliant Wastewater Treatment System w/Clear Water Discharge ~ Owners Installed All New Water Lines, Buried Electric & Cable Lines.

AUCTIONEER’S NOTE:  This resort will sell as a going business including the Website, Phone Number and Facebook Page, all fixtures, equipment and current inventory needed to continue operation.  South Shore was developed and established in 2012 as a one-stop, all-inclusive experience for fishermen and vacationers.  The current owners have expanded and improved the property greatly every year.  While staying in a comfortable cottage or cabin on the shores of the largest natural lake in Arkansas, located in one of the largest flyways in the country, guests can enjoy incredible fishing, boating, and bird watching while dining at the restaurant, and shopping at the country store.  Guests can also launch and dock their boat in a designated slip and fuel up at one of only (2) boat fueling stations on the entire lake.  Don't miss this once in a lifetime opportunity to own this incredible resort.  For financial information or to schedule a tour of the property, Contact Agent, Doug Westgate at 501-815-4004/ doug@wilsonauctioneers.com. REMEMBER, IT’S SELLING REGARDLESS OF PRICE ON AUCTION DAY!

TERMS ON REAL ESTATE:  $100,000.00 Cashier’s Check (NO EXCEPTIONS) Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome.

INSPECTION:  Contact Agent, Doug Westgate at 501-815-4004/ doug@wilsonauctioneers.com to View this Incredible Property Today! ~ Doors Open & Auctioneers will be On-site at 9:00 a.m. on Auction Day.

DIRECTIONS:  From HWY 65 in Lake Village, Travel 2 Miles East on HWY 82 ~ Watch for Auction Signs & Property on the Left.

Aerial

Auction Location

Terms

TERMS AND CONDITIONS:  $100,000.00 Cashier’s Check (NO EXCEPTIONS) Down Day of Auction, as Earnest Money ~ Balance Due at Closing ~ Closing within 30 Days ~ Title Insurance with Warranty Deed Provided at Closing ~ Property Sold Free & Clear of any Liens & Encumbrances ~ 10% Buyer’s Premium ~ Offers Prior to Auction are Welcome.

CLOSING COMPANY:  Southeast Arkansas Title & Escrow Company, Inc. ~ Closing Agent: Phyllis Dixon ~ 251 Main Street, Lake Village, Arkansas 71653 ~ (870) 265-9799.

TERMS OF AUCTION