Ohio Country Club and Golf Course to Sell at Court-Ordered Auction

. May 30, 2009

For anyone who has ever considered owning a golf course, the upcoming court-ordered auction of Ohio’s Tanglewood Country Club presents a rare opportunity. Regarded as one of Ohio’s finest golf courses, Tanglewood has played host to the PGA Tour’s Cleveland Open, the Ohio Open and the LPGA Babe Zaharias Classic since opening in 1967.

Tanglewood Country Club is located in Geauga County, close to the busy center of Cleveland, Ohio. There are estimated to be more than 583,000 residents living within a 15-mile radius of the club, providing excellent membership potential

Another point of value for this property is the ease and cost-efficiency of maintenance, aided by a virtually unlimited supply of free irrigation water. The cost of maintenance can account for half of a typical course’s operating budget, so these savings make Tanglewood an even more viable business investment. The property also offers revenue potential through gas well leases.

“The property’s strong investment potential, combined with the attractive design of the course and versatility of the club house, make it evident that this auction presents an amazing opportunity for buyers,” said Douglas Walton, auctioneer/broker with United Country – Walton Realty & Auction Co., LLC, who will conduct the auction.

Designed by William F. Mitchell, a highly regarded member of the American Society of Golf Course Architects, the 18-hole regulation length course features tree-lined fairways, 46 sand bunkers and water features including a creek running throughout. The property also includes a 27,500-square-foot clubhouse with a commercial kitchen, several dining areas, banquet facility accommodating up to 300, golf shop, snack bar, three-room office area, fitness and locker rooms, spas and pools.

The auction will take place on-site at the Tanglewood Country Club (8745 Tanglewood Trail, Chagrin Falls, Ohio) on June 6 at 12 p.m. The property will be open for inspection on June 5 from 10 a.m. to 5 p.m. Additional details and Terms and Conditions can be found at http://www.TanglewoodAuction.com or by calling 419-294-0007.

Category: Auction News

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