Sea Trail Golf Resort & Convention Center for Sale

The National Golf & Resort Properties Group just listed an outstanding resort on the north part of the Grand Strand. As golf course brokers, we strive to bring the best offerings to market, golf and golf-resort assets that are high quality, well underwritten and well packaged. The Offering Memorandum provides the qualified investor with a clear and concise view of how the course operates currently, historically and how a capable golf operator should operate it in the future to maximize value. In doing so, we provide the seller with a price that is higher than would be expected though normal brokerage methods and provides the buyer with a well vetted, asset with upside. It is a win-win proposition for both seller and buyer and both receive a fair deal. We believe in a brokerage transaction, all parties should feel like the process was a win, not a win for one side while the other side feels screwed. It is with this in mind, that we bring to the market another world class golf resort Sea Trail.

Listed at $9,950,000, the National Golf & Resort Properties Group is pleased to exclusively offer the court-ordered bankruptcy sale of Sea Trail Golf Resort& Convention Center. Located in Sunset Beach, NC in Brunswick County, just two miles from the Atlantic Ocean and only 15 minutes from the tourist mecca Myrtle Beach, Sea Trail is a 2,000 acre master planned resort community and is home to over 700 single-family homes and 600 multi-family residences. Included in this offering is the 54-Hole Championship Course, designed by Rees Jones, Willard Byrd and Dan Maples. In addition to the course and 36,000 sq. ft. Convention Center, this offering also includes two full-service clubhouses with both fine and casual dining, tennis, fitness, swimming, over 48,000 sq. ft. of total meeting & banquet space, 46 developed residential lots with Assessed Value over $5,000,000 and 190 acres MOL of developable land tracts suited for single or multi-family residential expansion, although hospitality is also an alternative.

As a court-ordered bankruptcy sale, an investor will be purchasing a completely free & clear title, signed by a Bankruptcy Judge. Additionally, all retained liabilities associated with the club will be eliminated and new ownership will have the option to accept, reject, or renegotiate all lease agreements upon taking possession of the property. Listed at a 70% discount to the Brunswick County Assessed Value of $32,000,000, Sea Trail presents a significant opportunity for an investor to add value immediately and reposition the club as the premier golf resort in the area. For more information on golf courses and resorts for sale see our website at www.nationalgolfgroup.com

HIGHLIGHTS:

Award-Winning 54-Hole Golf Course Resort and Convention Center 48,400 Square Feet of Meeting and Event Space Rental Pool of up to 600 Stay and Play Villas with Revenue Threshold of $3,500,000 190 Acres MOL Developable Land Tracts  Pre-Bankruptcy Historical Revenue of $13M - $16M 11.28 Percent End-of-Year-One Cap Rate Includes 46 Residential Lots - Assessed Value over - $5M Offered at 31 Percent of the $32 Million Assessed Value