• NIANTIC, CONNECTICUT •
24 UNIT
"BEACHFRONT"
HOTEL
known as "THE ELMS HOTEL"
on ± 1/3 ACRE of LAND
at "CRESCENT BEACH"
25 - 27 Ocean Avenue NIANTIC, CONNECTICUT

4 UNIT
LODGING HOUSE
known as "LITTLE INDIAN POND LODGE"
on ± 2/3 ACRE of LAND
Less than ±250 Feet from Crescent Beach
20 Ocean Avenue NIANTIC, CONNECTICUT

To be Sold Individually and in its Entirety
SATURDAY, OCTOBER 7TH Starting at 12:00 Noon


BIDDER'S INFORMATIONAL PACKAGE
for
THE ELMS HOTEL

TABLE of CONTENTS
1. LOCATION MAPS

2. ASSESSOR'S MAP

3. ASSESSOR'S FIELD CARDS

4. APPRAISAL

5. NOTICE OF NONCONFORMING STATUS

6. ENVIRONMENTAL SITE REPORT

7. PROPERTY DEED

8. PARKING LOT LEASE

9. LODGING LICENSE

10. REAL ESTATE TAX INVOICES

11. REAL ESTATE TAX PAYMENTS

12. ZONING ORDINANCES & REGULATIONS

13. SALES AGREEMENT






Terms of Sale:
20 OCEAN AVE (4 UNIT Lodging House)       $25,000.00 Initial Deposit Cash or Certified Check.
Deposit must be increased to a Total Amount equal to
10% of the Purchase Price within 5 Business Days.
5% Buyer's Premium applies.
Other terms to be announced at time of sale.

25-27 OCEAN AVE (The Elms Hotel)            $150,000.00 Initial Deposit Cash or Certified Check.
Deposit must be increased to a Total Amount equal to
10% of the Purchase Price within 5 Business Days.
5% Buyer's Premium applies.
Other terms to be announced at time of sale.
Top     BACK TO MAIN AUCTION PAGE

Corporate Office
83 State Street
Springfield, MA
01103
1-413-733-5238
Fax:1- 413-731-5946


Aaron Posnik & Co., Inc.
Established 1932
TOLL FREE 1-877-POSNIK-1 (767-6451)
Philadelphia Office
5 Great Valley Road
Suite 244, Malvern, PA
19355
1-610-853-6655
Fax: 1-610-853-6633
MA Auc. Lic. #161· www.posnik.com · E-mail: info@posnik.com · PA Auc. Lic. # AU-003822-R

 

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