Golf Course And Residential Develpoment In Central Massachusetts For Sale

Business description

This prime Residential Development property & Golf Course in central Massachusetts is just over an hour to Manchester, NH and Boston airports.

The property consists of 243 wooded acres crisscrossed by stonewalled fences. Within this property (situated on 65 acres) is a regulation 9-hole golf course facility. The course features 2,685 yards of golf from the longest tees for a par of 35 with a rating of 33.2 and a slope rating of 105. There is also a quaint farmhouse that has been converted into a pro shop & snack bar serving beer, wine and snacks. The second floor of the dwelling is a 2-bedroom apartment with kitchen & bathroom. Adjacent to the clubhouse are several buildings for housing carts and golf course maintenance equipment.

The property would be an excellent area for a 55 plus community and permits for such would be highly welcomed by local community officials.

Average Golf Course Revenues - $250,000 Average Cash Flow - $140,000

Land / Club House / Apartment / Maintenance Facilities

Listing Price $1,450,000

Owner Financing For Qualified Buyer

Business Operation

Reasons for selling:

Retirement

Employees:

1FT/3PT

Years established:

1961

Other information

Support & training:

Seller agrees to aid in a smooth transition.

Financing available:

Seller offers 15 years at 7% Fixed Rate Interest to qualified buyer

Furniture / Fixtures value:

$50,000 (included in the asking price)