For the passionate golfer with a dream of owning his own course or an investor looking for a good business opportunity, the auction of the River's Edge Golf Club could be the ticket. Located in Fayetteville in Clayton County, Ga., this 200 acre championship golf course is a real value and will be auctioned by Georgia native Hilda Allen, of Hilda Allen Real Estate on Nov. 15, 2006.
"Location is everything in a golf course and River's Edge has it. A short drive from Atlanta makes the River's Edge a very attractive property for the business minded buyer. Designed by PGA architects, the course would cost much more to build from scratch than what the property may sell for," said Hilda Allen, president, Hilda W. Allen Real Estate.
Opened in 1989, renowned PGA architects, Bobby Weed and Steve Melnyck, designed the course with the greens hugging the scenic terrain of the Flint River Basin, which flows unimpeded for 220 miles and is referred to as one of Georgia's most beautiful rivers. River's Edge is one of the few premiere 18- hole public courses left in the Southside region of the greater metro Atlanta area. Over the past three and a half years nearly a dozen public courses have closed their doors to golf for real estate re-development.
The River's Edge Golf Club offers great amenities, including a 2,500 square foot clubhouse, a 3,600 square foot pavilion and a 2,400 square foot grill and office and a 6,000 square foot maintenance building. Located 25 minutes south of the "world's busiest airport" and minutes from the affluent Peachtree City, the club's strategic location provides a new owner with an excellent financial opportunity. Even better for those racing and golf enthusiasts, River's Edge is just 15 minutes from the Atlanta Motor Speedway.
Hilda W. Allen Real Estate will auction the property for the seller. The auction will be held at River's Edge located at 40 Southern Golf Court in Fayetteville, Clayton County, Georgia on Nov. 15 at 11 a.m. Interested buyers may preview the property on October 18th and November 1st at 11 a.m.
More and more commercial and residential real estate sellers are using the auction method to sell property. In 2005, according to the National Auctioneers Association (NAA), gross sales of land, agricultural, commercial, industrial, and residential real estate totaled $51.2 billion. NAA notes revenue of the auction industry for the first half of 2006 soared compared to 2005. If this trend continues, NAA anticipates total industry revenue for 2006 will reach $255.4 billion, up from $240.2 billion in 2005.