**** PROPERTY IS BEING OFFERED FOR SALE ON PUBLIC AUCTION. LISTED PRICE of $1,000,000 INDICATES STARTING BID ONLY, DOES NOT INDICATE RESERVE PRICE. ACCEPTED BID PRICE WILL BE SELLER CONFIRMATION DAY OF SALE, PROPERTY IS BEING SOLD AS IS, NO CONTINGENCIES. AUCTION DATE: Tuesday, December 19, 2023 @ 12:00 pm. 13.4 +/- acres with a Restaurant / Event Center. This property is located in rural Chester County, PA, overlooking preserved fields, woodland and small stream which has recently been part of Loch Nairn Golf Course and is now owned by New Garden Township and it will be turning into a public park. The former golf course property is preserved and cart paths will now be walking trails.

This property has many opportunities such as remaining a Bar, restaurant and/or event center and is also zoned R-1 which will allow for a residential development with 1 home per acre. The Great House Restaurant has been in business for over 30 years and was known for its crab meals, with a full wet/dry bar and great location for events. The property has over 150 +/- space parking lot. The Great House Restaurant has a full USDA approved kitchen, large dining area, outdoor dining, walk-in coolers, large fire place and many other items not listed. The Great House is a very nice historical building. In addition to the Great House Restaurant there is a 2nd restaurant building known as the Farm House which is also a historical building and has a full USDA approved kitchen, dining area, wine cellar, underground dining area, walk-in coolers, 2 – 2nd floor apartments. Additional Buildings: Office building with 8 - office rooms and 1 - bathroom. Clubhouse building has a Men's and a Ladies locker room with each having full bath and shower rooms, sitting area, office space, and additional walk-in coolers. Maintenance building/garage is 30'x60' with 3 – large garage doors.

NOTES:
Buyer will have the first right-of-refusal at purchasing the current liquor licenses. Additional 1.2 acre lot to be sold separately.

OPEN HOUSE DATES:
Monday, November 20th (10AM - 1PM), Monday, November 27th (12PM - 4PM),
Monday, Dec 4th (10AM - 1PM), all other showings by appointment starting December 1, 2023

TERMS:
$100,000 deposit (certified bank check) day of sale, property is sold without any contingencies, settlement within 60 days from date of auction. 1% state realty transfer tax to paid at settlement, Purchaser pay 5% buyer premium on total sale price on day of sale. On-line & phone bidders must be pre registered 48 hours prior to auction.