Friday, August 26 11:00 am
Camp Hill, PA
Brochure
Description
Real Estate and Secured Creditor’s Equipment Note
Auction will be Held at: Radisson Hotel
1150 Camp Hill Bypass
Camp Hill, PA 17011
Coliseum Megaplex
Entertainment Complex
35,000 Sq. Ft. Building
The Coliseum is an operating business and is not being sold; persons are buying the real estate housing the Coliseum and the promissory note secured by the equipment and liquor license.
LOT 1: Real Property
35,000 Sq. Ft. Entertainment Complex on a 3.032± Acre Lot
2-Story Building Built in 2007
$1,400,000 High Tech Arcade
12 Lane AMF Bowling
Two Restaurants & Bar • 850 Person Capacity
Two Commercial Kitchens
Private Meeting Space for up to 150 People
Sprinkler, Fire & Alarm Systems
3500# Elevator • 3000 Amp Electric Service • 12 HVAC Units
150 Car Parking Lot • 50 Car Overflow Parking Lot off E. Trindle Road
5 Year Lease with Optional 5 Year Extension
Current Tenant • Escalating Rental Payments
LOT 2: Promissory Note
Secured Creditor’s Note of approximately $656,256.20 secured by the equipment and liquor license
Maturity Date 1-1-2020 • Initial Rate 3.75% • Monthly Payments $7,515.74
Pennsylvania Retail Restaurant Liquor License R17386
PRE-AUCTION OFFERING: The real estate and promissory note are available for purchase prior to auction. Potential buyers are encouraged to explore this option in a timely manner and submit their bids prior to Friday, August 12 at 5:00 PM Central Time. Contact the auction company to receive a pre-auction offer protocol and criteria form.
MANNER OF SALE: At the auction, the auction property will be offered in two individual lots and then as a package; the auction property will sell whichever way brings the greatest money.
INSPECTIONS:
Wednesday, August 3 • noon to 5:00 pm
Thursday, August 4 • noon to 5:00 pm
Thursday, August 18 • noon to 5:00 pm
Thursday, August 25 • noon to 5:00 pm
Other times by Appointment.
Broker Participation is welcome, but not required. A 1% Commission will be paid to the licensed broker who, 1 hour prior to the start of the auction, registers the bidder who pays for and settles for the real estate. A broker buying on his/her behalf, or on behalf of any business entity in which he/she hold an interest, is not entitled to a commission.
Auction will be Held at: Radisson Hotel
1150 Camp Hill Bypass
Camp Hill, PA 17011
Coliseum Megaplex
Entertainment Complex
35,000 Sq. Ft. Building
The Coliseum is an operating business and is not being sold; persons are buying the real estate housing the Coliseum and the promissory note secured by the equipment and liquor license.
LOT 1: Real Property
35,000 Sq. Ft. Entertainment Complex on a 3.032± Acre Lot
2-Story Building Built in 2007
$1,400,000 High Tech Arcade
12 Lane AMF Bowling
Two Restaurants & Bar • 850 Person Capacity
Two Commercial Kitchens
Private Meeting Space for up to 150 People
Sprinkler, Fire & Alarm Systems
3500# Elevator • 3000 Amp Electric Service • 12 HVAC Units
150 Car Parking Lot • 50 Car Overflow Parking Lot off E. Trindle Road
5 Year Lease with Optional 5 Year Extension
Current Tenant • Escalating Rental Payments
LOT 2: Promissory Note
Secured Creditor’s Note of approximately $656,256.20 secured by the equipment and liquor license
Maturity Date 1-1-2020 • Initial Rate 3.75% • Monthly Payments $7,515.74
Pennsylvania Retail Restaurant Liquor License R17386
PRE-AUCTION OFFERING: The real estate and promissory note are available for purchase prior to auction. Potential buyers are encouraged to explore this option in a timely manner and submit their bids prior to Friday, August 12 at 5:00 PM Central Time. Contact the auction company to receive a pre-auction offer protocol and criteria form.
MANNER OF SALE: At the auction, the auction property will be offered in two individual lots and then as a package; the auction property will sell whichever way brings the greatest money.
INSPECTIONS:
Wednesday, August 3 • noon to 5:00 pm
Thursday, August 4 • noon to 5:00 pm
Thursday, August 18 • noon to 5:00 pm
Thursday, August 25 • noon to 5:00 pm
Other times by Appointment.
Broker Participation is welcome, but not required. A 1% Commission will be paid to the licensed broker who, 1 hour prior to the start of the auction, registers the bidder who pays for and settles for the real estate. A broker buying on his/her behalf, or on behalf of any business entity in which he/she hold an interest, is not entitled to a commission.
Payment Information
10% Buyer Premium. Persons must show $50,000 for the Secured Creditor’s Equipment Note / $100,000 for the Real Estate Certified Deposit at time of registration to obtain a bidding number. $50,000/$100,000 Minimum Certified Deposit due on day of Sale, with a deposit equal to 10% due within 2 business days, and balance due at closing within 30 days. Deposits are non-refundable.
Full Terms
Real Estate & Secured Creditor’s Equipment Note are selling Subject to Owner Confirmation. Real Estate & Secured Creditor’s Equipment Note are selling AS-IS, WHERE IS WITH NO WARRANTIES OR GUARANTIES EXPRESSED OR IMPLIED. Attorney Christopher E. Rice, Martson Deardorff Williams Otto Gilroy & Faller is overseeing the closings. See Bidder Kit for complete terms.
In all transactions, auctioneer is acting as an Agent for the Seller. Buyers are urged to inspect items prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by auction company. Any announcement made at the auction takes precedence over any material published about this event. In the event of a dispute, Auctioneer has final decision. Valid Government Issued Photo ID required to obtain bidding number.
In conjunction with Zettlemoyer Auction Co., LLC – AY000131L, Sherwood Zettlemoyer – AU001237L, Eric Zettlemoyer – AU005210.
In all transactions, auctioneer is acting as an Agent for the Seller. Buyers are urged to inspect items prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by auction company. Any announcement made at the auction takes precedence over any material published about this event. In the event of a dispute, Auctioneer has final decision. Valid Government Issued Photo ID required to obtain bidding number.
In conjunction with Zettlemoyer Auction Co., LLC – AY000131L, Sherwood Zettlemoyer – AU001237L, Eric Zettlemoyer – AU005210.